Okan Tower Reaches Major Milestones: Sales Surpass 60% and Construction Advances
Okan Tower, the highly anticipated mixed-use skyscraper in the heart of Downtown Miami, has hit two significant milestones, according to the developer, Okan Group. Sales have now exceeded the halfway mark, reaching an impressive 60%, while construction has advanced to the 12th floor following the completion of a sprawling 290,000-square-foot parking podium.
Bekir Okan, the visionary behind the project, expressed excitement over the progress. “We are thrilled to see Okan Tower’s incredible momentum as it takes shape,” he said. “Achieving this sales milestone underscores the demand for its world-class offerings and Hilton Hotels & Residences’ services. With the tower now reaching the 12th floor, we are one step closer to delivering a sophisticated landmark that will elevate living in the heart of Miami’s dynamic downtown.”
Buyers from across the globe have been drawn to Okan Tower’s unique blend of luxury, functionality, and prestige. The growing list of international owners includes individuals from Argentina, Mexico, the United States, Colombia, Turkey, Spain, and Denmark, showcasing the project’s worldwide appeal.
With construction crews completing one floor per week, the project is advancing rapidly. Work has now commenced on the hotel levels, bringing the iconic structure closer to its final form. Once completed, the tower will rise to 70 stories, or 902 feet, making it one of the tallest buildings south of New York City.
Okan Tower promises to be a transformative addition to Miami’s skyline. The mixed-use complex will include:
A 316-key Hilton Miami Bayfront Hotel, delivering unparalleled hospitality and amenities.
236 condo-hotel units managed by Hilton, blending luxury living with top-tier services.
163 Sky Residences offering sophisticated living spaces and breathtaking views.
64,000 square feet of Class A office space catering to the needs of modern businesses.
As Okan Tower climbs higher, anticipation continues to build for this architectural marvel. Its world-class offerings, coupled with its strategic location in Downtown Miami, are set to redefine luxury living and working in the city. With sales momentum strong and construction progressing steadily, Okan Tower is well on its way to becoming a landmark destination.
South Beach to Welcome a Colorful New Pedestrian Bridge by 2026
Excitement is building in South Beach as construction officially begins on a vibrant new pedestrian bridge designed to connect the South of Fifth baywalk with a recently completed park. The developer mobilized yesterday to commence work on this artistic infrastructure project, which promises to enhance the area’s aesthetic and pedestrian accessibility.
The bridge, titled Walking In, Along and Under the Colors, is the vision of renowned French artist Daniel Buren. Known for his use of bold, colorful designs, Buren’s work is expected to transform the entrance to South Beach into an engaging and visually striking landmark.
The pedestrian bridge and park are integral to the approval process for the nearby Five Park tower, which opened in November as the tallest building in Miami Beach. The park and bridge will serve as community-enhancing amenities, providing a seamless connection for pedestrians and showcasing the developer’s commitment to urban improvement.
Construction Timeline and Phases
Construction is set to unfold in several stages:
Temporary Fencing Installation: The first phase involves setting up temporary construction fencing to secure the site.
Utility Relocation: Crews will relocate underground utilities along Fifth Street to prepare for the next steps.
Foundation Excavation: In a few months, excavation will begin for the bridge pedestals on both the north and south sides of the causeway.
The anticipated timeline projects a completion date in the summer or fall of 2026, bringing a new landmark to life within just a few years.
Once completed, Walking In, Along and Under the Colors will not only enhance pedestrian access but also serve as a symbol of South Beach’s innovative and artistic spirit. As construction progresses, residents and visitors alike can look forward to an exciting addition to the city’s iconic landscape.
Vertical Construction Underway at Excel Miami
Exciting progress is being made at Excel Miami as vertical construction is now officially underway. The development will feature 427 modern apartments, adding to Miami’s growing skyline and offering new residential options in the heart of the city.
Shawmut Design and Construction, a nationally recognized construction management firm with an impressive $2 billion portfolio, announced on December 10th that it had broken ground on the project. The groundbreaking ceremony took place on December 9th, marking a significant milestone in the development’s timeline.
During the ceremony, Shawmut highlighted the next steps, which included completing a mat foundation pour within weeks and installing a tower crane. As of January 5th, photos captured by Ryan RC Rea confirm that the tower crane is now in place, signaling the start of vertical construction.
Excel Miami is being developed by Clearline Real Estate, with its Founder and CEO Jenny Bernell leading the project. The groundbreaking event was attended by an esteemed group of individuals, including Miami Mayor Francis Suarez, Commissioner Damian Pardo, Shawmut CEO Les Hiscoe, Shawmut’s Florida Division head Alexis Leal, and members of the project team.
The launch of this ambitious project underscores Miami’s thriving real estate market and the city’s appeal as a hub for luxury residential developments. With Shawmut’s expertise and Clearline’s visionary leadership, Excel Miami is poised to become a standout addition to the cityscape.
The Helm: A $500M Game-Changer in Miami’s Design District
Miami’s Design District is set to welcome a monumental new development that will redefine urban living and elevate the neighborhood’s status as a hub for innovation and luxury. Enter The Helm, a $500 million mixed-use tower that promises to bring a blend of residential, commercial, and retail spaces to this vibrant area.
Initially planned as a modest office tower back in 2022, the vision for the site has transformed significantly. Thanks to Florida’s new Live Local Act, The Helm will now rise 36 stories high, offering a combination of luxury residences, affordable housing, office spaces, retail, and dining. This ambitious project is being developed by Helm Equities and designed by renowned architecture firm Cube3.
The Helm’s impressive scale and thoughtful design will include:
162 Branded Residences: Luxurious homes designed for sophisticated urban living.
116 Income-Restricted Live Local Rental Apartments: A nod to the importance of affordable housing within the city.
83,338 Square Feet of Office Space: Providing state-of-the-art work environments for businesses.
48,111 Square Feet of Retail & Dining: Creating a dynamic space for shopping and culinary experiences.
620 Onsite Parking Spaces: Ensuring convenience for residents, workers, and visitors.
The building’s massing will be oriented towards the Brightline tracks and the highly anticipated Northeast Corridor train station, making it a transit-friendly addition to the district.
The Helm represents more than just a building; it’s a symbol of Miami’s growth and adaptability. By incorporating income-restricted rental units, the project aligns with the goals of the Live Local Act, which aims to address housing affordability while fostering community development.
With its proximity to key transit lines, The Helm will also support Miami’s push for a more connected and sustainable urban environment. This blend of accessibility, luxury, and affordability makes The Helm a standout addition to the city’s skyline.
Helm Equities and Cube3 have envisioned a structure that not only meets the needs of today’s residents but also anticipates future urban trends. From its sleek architecture to its versatile mixed-use spaces, The Helm is set to become a landmark in the Design District and a benchmark for future developments in Miami.
Historic Land Acquisition in Brickell: Oak Row Equities and Mariposa Real Estate Plan Transformative Development
In a monumental move for Miami’s real estate market, developers Oak Row Equities and Mariposa Real Estate have announced their agreement to acquire a property in Brickell, marking the largest land acquisition in the city’s history. The deal, valued at an astounding $520 million, is set to close in the fourth quarter of 2025 and promises to reshape the skyline of Miami.
Oak Row Equities has unveiled ambitious plans for the site, which will include ultra-luxury condominiums designed to redefine the standards of urban living. In a statement, the developer expressed its vision for “a landmark development that will redefine Miami’s skyline and set a new standard for urban luxury.”
The site’s zoning allows for over three million square feet of development, with permissions for several towers to rise to a supertall height of 1,049 feet. This ambitious project aims to create a transformative urban destination in the heart of Brickell.
“The Brickell Bay Drive assemblage presents a once-in-a-lifetime opportunity to build a transformative project in the most exciting submarket in the City of Miami,” said Erik Rutter, Managing Partner at Oak Row Equities. His sentiments were echoed by David Weitz, Managing Partner at Oak Row Equities, who added, “We intend to collaborate with world-class talent to bring our vision to life.”
With the planned development, Oak Row Equities and Mariposa Real Estate aim to set a new benchmark for luxury and architectural excellence. The project will not only enhance the city’s skyline but also contribute significantly to Miami’s reputation as a global hub for luxury real estate.
As the project progresses, Miami’s residents and investors alike will eagerly anticipate the unveiling of what promises to be one of the most iconic developments in the city’s history. The future of Brickell has never looked more exciting.
Oak Row Equities and Mariposa Real Estate Acquire Prime Waterfront Property in Brickell for $520 Million
In a landmark transaction set to redefine South Florida’s real estate landscape, Oak Row Equities and Mariposa Real Estate have finalized an agreement to acquire Aimco’s coveted 4.25-acre waterfront property at 1001 and 1111 Brickell Bay Drive. Valued at $520 million, this acquisition marks the largest single land purchase in South Florida history and is scheduled to close in the fourth quarter of 2025.
This prime site, boasting 485 feet of uninterrupted Biscayne Bay frontage, is zoned for over three million square feet of development. It is ideally suited for the construction of ultra-luxury condominiums, poised to meet the increasing demand for high-end residences in Miami’s thriving Brickell neighborhood.
“The Brickell Bay Drive assemblage presents a once-in-a-lifetime opportunity to build a transformative project in the most exciting submarket in the City of Miami,” stated Erik Rutter, Managing Partner at Oak Row Equities. “A perfect blend of zoning, site geometry, bay frontage, and location combine to create a truly irreplaceable piece of real estate. We are thrilled to be at the helm of such an important project.”
The flexible zoning of the site permits the construction of multiple towers reaching heights of up to 1,049 feet, making it a one-of-a-kind development opportunity. Oak Row Equities aims to leverage this potential by creating a landmark project that not only redefines Miami’s iconic skyline but also sets new standards for urban luxury.
“Waterfront property of this caliber, size, and scale demands the best in design, and we intend to collaborate with world-class talent to bring our vision to life,” said David Weitz, Managing Partner at Oak Row Equities. “Each one of our projects to date has helped elevate and transform their respective submarkets. With this opportunity, we will bring our unique blend of placemaking and design to the Brickell Bay Drive assemblage and deliver an unmatched product to meet the growing sophistication of the Miami market.”
Mariposa Real Estate, known for its expertise in luxury developments, has partnered with Oak Row Equities on this transformative endeavor. Together, the two firms share a commitment to delivering a groundbreaking product that epitomizes luxury living.
“We are excited to be partners with Oak Row Equities on this amazing opportunity,” said Sam Franklin of Mariposa Real Estate. “We share a vision for delivering best-in-class product and believe there is no better site in Miami to do so.”
As Miami continues to cement its reputation as a global luxury hub, the development at 1001 and 1111 Brickell Bay Drive promises to be a game-changer. With unparalleled bayfront access, the project is set to attract discerning buyers seeking exclusivity, sophistication, and world-class amenities. This historic acquisition underscores the confidence that leading developers have in Miami’s future as a premier destination for luxury real estate.
Redefining Attainable Luxury in Miami by YAKOL Capital
In a bold move to redefine urban living, YAKOL Capital is teaming up with acclaimed Japanese architect Shigeru Ban to bring an innovative “attainable” condo development to Miami-Dade County. Aptly named House, this 320-unit project aims to strike a balance between luxury and accessibility, with residences priced at approximately $1,100 per square foot. The smallest units will start in the low $300,000s, making this project an attractive opportunity for first-time buyers, investors, and those seeking high-quality living spaces at competitive prices.
Construction for House is set to begin in 2026, and the development offers a significant incentive for international investors. Through the EB-5 visa program, investors can secure a pathway to U.S. residency while supporting a transformative project in a burgeoning market.
House’s strategic focus goes beyond just real estate. By prioritizing sustainability and well-being, the development is set to feature a “biophilic” design that fosters a deep connection between residents and nature. This design philosophy aligns seamlessly with Shigeru Ban’s reputation for creating structures that harmonize with the environment.
House’s biophilic design will incorporate elements like natural light, green spaces, and sustainable materials to enhance the living experience. By embracing this approach, YAKOL Capital is not only investing in the aesthetics of the building but also in the mental and physical well-being of its future residents.
The site for House, located at 237 N.E. 54th Street, Miami, FL, 33137, spans 1.16 acres and was acquired in 2023 by Toussaint Ateliers Residences for $6.57 million. Currently occupied by a low-rise, multi-family dwelling built in 1965, the property’s redevelopment will transform it into a landmark in Miami-Dade County.
The site’s T5-O zoning designation and its position in a Qualified Opportunity Zone offer additional financial incentives for investors and developers. Google Earth renderings highlight the property’s potential to become a thriving residential hub, perfectly aligned with the neighborhood’s growth trajectory.
House is just one of YAKOL Capital’s ambitious ventures in South Florida. The developer is also planning a mixed-use project featuring 700,000 square feet of new construction, blending residences with ground-floor retail. Collaborating with Netherlands-based architectural firm MVRDV, YAKOL Capital continues to push the boundaries of innovative, community-focused design.
House is poised to redefine attainable luxury in Miami-Dade County. With its biophilic design, sustainable approach, and strategic location, it represents a forward-thinking model for urban living. Coupled with its potential to attract global investors through the EB-5 visa program, this project highlights YAKOL Capital’s commitment to creating transformative spaces that benefit both residents and the community at large.
Brickell’s Skyline Set to Evolve with New 39-Story Residential Tower
The transformation of Miami’s Brickell neighborhood continues as plans for a new 39-story residential tower move forward. Located just a block from Brickell City Centre, this development promises to bring both luxury and community enhancements to the area.
The developer, working on the site of the recently demolished Starlite Motel, has officially signed a public benefits agreement to secure the project’s approval. Recorded on December 10, the agreement paves the way for development under Miami-Dade’s Rapid Transit Zoning plan.
As part of the agreement, the developer has committed to a series of public benefits:
$500,000 Contribution: A payment to Miami-Dade County, earmarked for repairs or upgrades to the Brickell Metrorail or Metromover stations.
Workforce Housing: Five percent of the tower’s residential units will be income-restricted for workforce renters, addressing the need for affordable housing options in the area.
Tree Planting Initiative: The developer will plant 40 trees at least 20 feet high either on the property or within the surrounding right-of-way, in addition to the required landscaping.
Pedestrian Connectivity: A cross-block passage will provide pedestrian access between SW 7th Street and SW 8th Street, enhancing walkability.
Utility Line Upgrades: Telecom wires on the property will be buried at the developer’s expense, improving the aesthetic and infrastructure.
The planned development includes:
517 Apartments: Offering a range of residential options to accommodate Brickell’s growing population.
Restaurant Space: 9,700 square feet dedicated to dining establishments.
Parking Facilities: A six-level garage with 506 parking spaces.
A construction permit for the tower was filed in August, with Suffolk Construction serving as the contractor. The estimated construction value stands at $190 million, highlighting the significant investment in the project. Chicago-based Focus is leading the development, with the world-renowned architectural firm Gensler at the helm of the design.
As approval for the project hinges on the fulfillment of public benefit commitments, the developer’s proactive approach signals a win-win for both the community and investors. This 39-story tower is set to redefine the local skyline while contributing to the enhancement of Brickell’s urban environment.
One Thousand Group Announces Major Milestone with $53 Million Land Acquisition for Tower 36 in Edgewater
One Thousand Group, a powerhouse development firm known for its transformative impact on Miami’s skyline, has just completed a pivotal land acquisition for its upcoming Tower 36 project. The firm secured a 1.6-acre site in East Edgewater for an estimated $53 million, with the deal financed by Cirrus Real Estate Partners. The land comprises three adjacent parcels located at 3601 Biscayne Blvd, 345, and 409 NE 36th Street, strategically positioned at the intersection of Miami’s Design District and the rapidly evolving Edgewater neighborhood.
This acquisition is set to pave the way for One Thousand Group’s latest vision: Tower 36, a mixed-use, lifestyle-focused development that will elevate the Edgewater area to new heights. Located near some of the most vibrant neighborhoods in Miami, including Wynwood, Midtown, and Downtown, the project will offer a seamless blend of branded residences, commercial spaces, and state-of-the-art amenities. Among its standout features will be a private members-only club, multiple fine dining options, wellness and recovery services, and a stunning rooftop helipad and heli-lounge—echoing the world-class design seen in One Thousand Group’s iconic One Thousand Museum.
“Our team is thrilled to continue contributing to the growth and evolution of Edgewater,” said Kevin Venger, co-founder of One Thousand Group. “Having been active in the area since 2005, we’ve witnessed its incredible transformation, and Tower 36 will play an integral role in this process. With its unrivaled location and connections to key areas like Miami Beach and the airport, this development is poised to redefine Edgewater as one of the most sought-after neighborhoods in Miami.”
Michael Konig, co-founder of One Thousand Group, echoed this sentiment, saying, “Tower 36 will set a new benchmark for mixed-use living in Miami. The location itself is unbeatable, with proximity to the Design District’s cultural hotspots, exceptional walkability, and access to both retail and green spaces. We believe Tower 36 will be the catalyst for even more growth in this area.”
The design of Tower 36 is being led by KPF Architects, one of the world’s most esteemed architectural firms, with Robert Whitlock and Lloyd Sigal at the helm. The project will feature sustainable design principles and cutting-edge technology, blending the latest in architectural innovation with the vibrant culture of Miami. With a focus on wellness, sustainability, and connectivity, the tower will offer not only luxurious residences but also an elevated lifestyle that seamlessly integrates work, play, and relaxation.
“The collaboration with KPF Architects allows us to push the envelope on what’s possible in Miami,” noted Louis Birdman, co-founder of One Thousand Group. “We’re committed to creating buildings that stand out for their design, technology, and sustainability, and Tower 36 will be a testament to that vision.”
As One Thousand Group continues to shape the future of Miami’s real estate landscape, Tower 36 will stand as the latest example of their commitment to creating truly extraordinary spaces.
Exciting progress is being made at Excel Miami as vertical construction is now officially underway. The development will feature 427 modern apartments, adding to Miami’s growing skyline and offering new residential options in the heart of the city.
