Okan Group, led by Turkish Billionaire Bekir Okan, has announced plans for its self-funded, $300 Million, 70-story condo and hotel tower that will be situated in the epicenter of Downtown Miami.

Dubbed Okan Tower, the new construction, all-glass tower, inspired by the Turkish national tulip flower, will be comprised of 294 Hilton-branded hotel units, 236 condo-hotel turnkey units and 153 condos, which will consist of 149 condo residences and 4 duplex penthouses. The tower will also include a restaurant on the 67th floor and 64,000 square feet of Class A office space.

Okan Group has just launched sales for this tower offering competitive pricing so that the units will be appealing to foreign investors looking for a good value proposition in Miami. These competitively-priced units will start at $318,500 (condo-hotel units) with an average price-per-square-foot at $695. Groundbreaking is scheduled for the fall of 2018.