Downtown Miami · Pre-Construction · Updated November 2026
Okan Tower Miami (555 N Miami Ave): Pre-Construction Guide 2026
A 72-story, 902-foot tower in Downtown Miami by Okan Group, with Sky Residences, Hilton-managed condo-hotel residences, a Hilton hotel and offices.
By Enrique Urdaneta, Real Estate Advisor, Engel & Völkers · Last updated November 4, 2026 · Sources: developer materials and press reports
What is Okan Tower? Okan Tower is a 72-story, 902-foot mixed-use tower under construction at 555 North Miami Avenue in Downtown Miami. It combines 163 Sky Residences, 236 condo-hotel residences managed by Hilton, a 316-key Hilton Miami Bayfront hotel and about 64,000 square feet of office space. Okan Group, a Turkish developer, is building it, and Behar Font & Partners designed it. In April 2026 construction passed the 50th floor, and the developer expected to top off in August 2026.
Two types of ownership share the building. Sky Residences are private condos on the upper floors. Condo-hotel residences are part of the Hilton rental program, so they follow different rules on use, rentals and fees. Know which one you are buying.
Okan Tower: Quick Facts (2026)
| Fact | Detail |
|---|---|
| Address | 555 North Miami Avenue, Miami, FL (sales gallery at 542 North Miami Avenue) |
| Neighborhood | Downtown Miami |
| Developer | Okan Group |
| Architect | Behar Font & Partners |
| Height | 72 stories, 902 feet |
| Sky Residences | 163 private condo residences |
| Condo-hotel | 236 residences managed by Hilton Hotels & Resorts |
| Hotel | 316-key Hilton Miami Bayfront |
| Office | About 64,000 square feet |
| Construction | Past the 50th floor, about 75% of the structure, in April 2026 |
| Financing | $200 million in C-PACE financing from Bayview PACE, reported January 2026 |
| Sales | Fortune Development Sales |
Pricing and availability change often in pre-construction. I don't publish them here so you never see stale numbers. Ask me for the current price list and available floor plans.
Sky Residences
The Sky Residences sit on the upper floors and have their own owners-only amenities. Ask me for the current floor plans, sizes and finishes, since the developer updates them during construction.
Amenities
- Rooftop pool and sky deck with private cabanas on the 72nd floor
- 12th-floor lap pool, clubroom and indoor-outdoor lounge
- Turkish hammam, sauna, steam rooms and treatment areas
- Fitness center and yoga studio
- Owners lounge, wine cellar, technology theater and children's playroom
- 24-hour reception and concierge
Who Okan Tower Fits
Condo-hotel residences fit buyers who want a hotel-managed rental program and spend little time in Miami. Sky Residences fit buyers who want a private home with a view and hotel services downstairs. In both cases, read the rental program and condominium documents before you sign, and ask how the income split and hotel fees work.
How Buying Pre-Construction Works in Florida
- Reservation and contract: you choose a residence, sign the purchase agreement and pay the first deposit.
- 15-day review period: Florida law (Section 718.503, Florida Statutes) gives buyers of a new condominium from a developer 15 days to cancel after signing and receiving the required documents. Use that time to review the documents with your attorney.
- Construction: later deposits come due on the dates or milestones in your contract.
- Closing: you pay the balance at closing, in cash or with a mortgage. If you plan to finance, start talking to lenders well before completion.
Okan Tower FAQ
Where is Okan Tower?
At 555 North Miami Avenue in Downtown Miami. The sales gallery is at 542 North Miami Avenue.
How tall is Okan Tower?
72 stories and 902 feet, which would make it one of the tallest towers in Downtown Miami.
What can I buy at Okan Tower?
Two options: 163 private Sky Residences and 236 condo-hotel residences in the Hilton rental program.
What is the construction status?
In April 2026 construction passed the 50th floor, about 75% of the structure, with top-off expected in August 2026. Ask me for the latest update.
Who is the developer?
Okan Group, a developer based in Turkey. Behar Font & Partners designed the tower.
Interested in Okan Tower?
Want a private tour of the sales gallery, or current pricing and availability for Okan Tower? Message me on WhatsApp and I will send you the latest price list and floor plans.
I can send you the current price list, available floor plans and the full deposit terms. I spent 16 years in private banking financing construction and pre-construction projects, so I can also walk you through the developer, the financing and the contract before you commit.
Watch my pre-construction videos on YouTube
Enrique Urdaneta, Real Estate Advisor, Engel & Völkers
I don't sell houses. I help you make strategic decisions about your wealth.
Downtown Miami Pre-Construction · Miami pre-construction
Sources
- Florida YIMBY, 50th floor, April 22, 2026: https://floridayimby.com/2026/04/construction-reaches-50th-floor-on-okan-tower-at-555-north-miami-avenue-in-downtown-miami.html
- PROFILEmiami, 75% structural completion, April 2026: https://profilemiami.com/miamirealestate/2026/4/27/okan-tower-reaches-75-structural-completion-as-construction-passes-50th-floor-in-downtown-miami
- Okan Tower renderings (developer materials)
Renderings are artist’s conceptual renderings provided by the developer. Hilton names and marks are used under license. Condo-hotel residences are subject to the rental program and condominium documents. Information comes from developer materials and published reports, is subject to change without notice and is not guaranteed. Oral representations cannot be relied upon as correctly stating the representations of the developer. For correct representations, make reference to the documents required by Section 718.503, Florida Statutes, to be furnished by a developer to a buyer or lessee. This is not an offer to sell or a solicitation to buy in any jurisdiction where prohibited by law. Equal Housing Opportunity.