Transactions - MAY 15, 2018

Okan Group plans $300m development in downtown Miami

by Jody Barhanovich

Okan Group, a Turkish developer, has plans to build a 70-story, mixed-use project in downtown Miami, according to news sources. This is the first U.S. project for Okan Group.

The new development will cost $300 million and be located at 555 North Miami Ave.

The project will include 64,000 square feet of office space, a 294-room Hilton hotel, 236 condo-hotel units and 149 condominium residences as well as four penthouses.

The project is slated to break ground in the fall.

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