Okan Tower, the largest Turkish investment in the United States, inspired by its native flower, the tulip, has blossomed…

 

Okan Tower, the new Downtown Miami megaplex, with residences anchored by a Hilton Hotel, broke ground on Friday, June 17 with all the fanfare of a major international milestone, attended by a who’s who of the business, political, civic, hospitality and real estate brokerage community.

 

Notable dignitaries in attendance included City of Miami Mayor Francis Suarez, Binali Yildrim, Former Prime Minister of Turkey, Murat Mercan, Turkish Ambassador to the United States, Turkish Consulate of Miami Feyza Barutcu Altug, Burc Ceylan, Former Turkish Consulate of Miami, Miami Police Chief Manuel Morales, Commissioner Ken Russell, and Fortune International CEO, Edgardo Defortuna.

 

Located at the crossroads of culture, entertainment, art, fine dining, Miami's waterfront and most celebrated cultural and entertainment institutions at 555 North Miami Avenue, Okan Tower marks the first U.S. development for Okan Group, but is just the latest masterpiece in their extensive portfolio of renowned mixed-use projects that has earned the firm a global and deep-rooted reputation in the construction, banking, textile, production and tourism industries, among others.

 

The mega complex features a 316-key Hilton Miami Bayfront Hotel with endless amenity and entertainment areas, 163 Sky Residences with exclusive owners-only amenities, 236 Short-Term Rental Residences powered by Hilton Hotels & Resorts, and 64,000 square feet of ‘Class A’ office space.

 

“We are enormously proud to celebrate this momentous achievement and commemorate the start of construction for Okan Tower,” said international property magnate and developer of Okan Tower, Bekir Okan, Chairman of Okan Group. “It’s an honor and privilege to be delivering our first major mixed-use project in Miami. Our vision for Okan Tower was to bring something truly unparalleled to the area and introduce a new paradigm for living in Downtown. We’re very grateful to all of the city officials who have supported the project and share in our vision for the future of Downtown Miami.”

 

Exclusively marketed and sold by Fortune Development Sales, the 70-story Okan Tower is set to be one of Miami’s tallest towers at 902 feet once complete in 2026.

 

The project features a myriad of unique amenities including a ground floor arrival entrance with dedicated 24-hour reception and concierge, a 70th floor rooftop pool and sky deck with private cabanas featuring sweeping views of downtown and Biscayne Bay, and an additional 12th floor lap pool with clubroom and indoor and outdoor lounges. Buyers will also have access to a state-of-the-art health and fitness center with a yoga studio, Peloton® bikes and interactive fitness MIRROR®, as well as a dedicated wellness spa with sauna, steam and treatment rooms.  A fully-equipped children’s sensory and play room, cutting-edge technology theater, and wine cellar and owner’s lounge are some of the other extraordinary features available that add to the range of the lifestyle amenities.

 

“We’re thrilled to mark the official groundbreaking of Okan Tower and celebrate the tremendous momentum that has been generated since we took over sales last fall. The feedback from buyers worldwide has been phenomenal, and it is a testament to Okan Group, who envisioned a true beacon for Downtown Miami,” said Edgardo Defortuna, President and CEO of Fortune International Group. “From the endless array of amenities to superior finishes and designs, Okan Tower presents an opportunity for investment that simply cannot be missed.

 

Uniting a diverse collection of mixed-use elements in one vertical destination, Okan Tower was designed by internationally renowned architecture firm Behar Font & Partners who’ve given it a striking curvature façade inspired by the Turkish national flower, the tulip.

 

Okan Tower’s sales gallery is located at 542 North Miami Avenue. For more information, please call 305.600.1000 or visit www.okantowermiami.com.

Okan Tower, downtown Miami’s latest mixed-use masterpiece set to be one of Miami’s tallest towers, announced today the unveiling of its exclusive Loft Penthouse Collection.

 

Rising 902 feet in the air, the 70-story project’s highly-anticipated Loft Penthouse Collection consists of 14 impressive residences soaring above downtown Miami at the building’s peak. Ten spectacular two-story units are featured on the 67th floor with expansive three-bedroom and one-bedroom layouts, and four single-story penthouse units are offered on the 69th floor with unparalleled views and every imaginable luxury within.

 

With 22-foot floor-to-ceiling windows in the two-story lofts and 10-foot-plus windows in the single-story units, all residents will enjoy incredible panoramic bay and city views with an abundance of natural light. Upscale Italian cabinetry is featured in the sophisticated kitchens and bathrooms along with top-of-the-line Sub-Zero® and Wolf® appliances throughout.

 

Starting at $2,000 per square foot, the collection of superior residences offers four dynamic floorplans ranging from 1,070 to 3,100 square feet of interior space along with private balconies boasting the ultimate indoor/outdoor lifestyle.

 

“We’re thrilled to introduce our premium Loft Penthouse Collection,” said international property magnate and developer of Okan Tower, Bekir Okan, Chairman of Okan Group. “This limited assemblage of our premier units was designed to appeal to those seeking the ultimate in elevated living in an urban walkable setting.”

 

Developed by Okan Group and exclusively marketed and sold by Fortune Development Sales, Okan Tower features a myriad of unique amenities including a ground floor arrival entrance with dedicated 24-hour reception and concierge, a 70th floor rooftop pool and sky deck with private cabanas featuring sweeping views of downtown and Biscayne Bay, and an additional 12th floor lap pool with clubroom and indoor and outdoor lounges. Loft Penthouse Collection buyers will also have access to a state-of-the-art health and fitness center with a yoga studio, Peloton® bikes and interactive fitness MIRROR®, as well as a dedicated wellness spa with sauna, steam and treatment rooms.  A fully-equipped children’s sensory and play room, cutting-edge technology theater, and wine cellar and owner’s lounge are some of the other extraordinary features available that add to the range of the lifestyle amenities.

 

“The debut of these exceptional loft penthouses adds yet another dimension to the refined offerings at Okan Tower,” said Edgardo Defortuna, President and CEO of Fortune International Group. “Throughout the first quarter of 2022, we’ve experienced remarkable sales momentum and we’re confident these new unit offerings will move very quickly.”

 

Uniting a diverse collection of mixed-use elements in one vertical destination, Okan Tower was designed by Behar Font & Partners, and is set to break ground this June with completion scheduled for 2026.

 

Located in the epicenter of Miami’s urban core at 555 North Miami Avenue, Okan Tower is situated on a prime downtown site at the crossroads of culture, entertainment, art, fine dining, Miami's waterfront and most celebrated cultural and entertainment landmarks. Okan Tower will be a monument of the future as Downtown Miami has been reinvigorated by the allure of an ultimate live-work-play destination.

 

The project will present 163 Sky Residences – inclusive of the Loft Penthouse Collection -- with exclusive owners-only amenities, 236 Short-Term Rental Residences powered by Hilton Hotels & Resorts, and a Hilton Miami Bayfront Hotel with endless amenity and entertainment areas, all accessible by separate elevators for Sky Residence owners and Short-Term Rental Residence owners and hotel guests.

 

Okan Tower’s sales gallery is located at 542 North Miami Avenue. For more information, please call 305.600.1000.

 

Ten30 South Beach, a curated collection of 43 one-, two-, and three-bedroom condominiums nestled in one of South Beach’s most vibrant neighborhoods, is quickly selling out its inventory as demand for Miami luxury real estate heightens.

 

An enclave of moderately priced, Mid-Century Modern design-inspired Miami Beach condominiums by development firm Shoma Group, sales for the four-story boutique development have been fueled by the momentum received from the project’s top off in December and upcoming imminent opening this summer. Shoma Group along with the project’s exclusive residential brokerage, Fortune Development Sales, have reported a record pace for sales with 10 units sold in just 15 days. Ten30 South Beach now has more than 75 percent of its residences under contract as sales continue to climb. 

 

“As the tide of Northeasterners and West Coast residents from states like California rise in Miami seeking all that South Florida has to offer, the extraordinary demand we’ve recently experienced certainly stands out,” said Masoud Shojaee, President and CEO of Shoma Group. “The popularity of luxury boutique residential real estate has certainly risen this year as buyers are seeking less dense living along with larger units and outdoor spaces. Ten30 South Beach is front-and-center as an idyllic offering to fill that need and is well-positioned from a large slate of new offerings.”

 

“Buyers are taking notice of Ten30 South Beach. With the project set to be completed very soon it provides a significant competitive edge and is an important selling point for those who want to move here now,” said Edgardo Defortuna, President and CEO of Fortune International Group. “Offering the privacy of a single-family home, with the turnkey appeal and convenience of a condominium, we have seen pent-up demand for this unique type of boutique product and are confident that sales will continue to reflect this.” 

 

Set to open to residents this summer, the project offers the style and prestige of an exclusive address surrounded by premier shopping, dining and dazzling attractions of Miami Beach. For Ten30 residents to leisurely explore the neighborhood and savor South Beach, the developer recently debuted a unique offering of a Vespa at closing for new buyers on select units. Gifted with a voucher at closing, buyers will be able to choose from a premiere lineup of models from the world’s most iconic scooter brand that can easily be stored in their private, covered parking space.

 

“The sales pace we’ve seen the last few weeks has been nothing short of incredible,” said Stephanie Shojaee, Chief Marketing Officer of Shoma Group. “Several of our recent buyers have purchased multiple units with plans to combine them and update the floorplans to create larger units to enjoy. This is a consistent trend we’ve seen throughout the project as more and more buyers are seeking larger units along with rooftop terraces. We originally were seeing several second home buyers, but are now seeing many people who are looking to relocate permanently and want space to entertain.”

 

Primed for pure relaxation and a healthy lifestyle, Ten30 South Beach also recently introduced plans for its saltwater rosé-colored rooftop pool. Situated on a sprawling 6,000 square-foot rooftop deck, Ten30’s idyllic pool offers a restful retreat to relax and recharge with the added health benefits of the salt water that includes improved wellness with increased buoyancy reducing the weight of gravity on joints and muscles, soothing tension, and a gentler overall experience. Also, fewer chemicals means less irritation on skin and eyes, and the water feels softer, smoother, and purer than water sanitized using a traditional system.

 

Additional upscale amenities include a lounge and outdoor kitchen area complete with barbecue and yoga space, as well as a dual gym showcasing spinning and treads with Pilates reformers and rock-climbing. The well-appointed condominiums offer a variety of floor plans each with state-of-the-art technology and high-end finishes.

 

Positioning itself as an unparalleled luxury retreat away from the high-rise condo projects that have priced local buyers out of South Beach, Ten30 South Beach offers one-, two- and three-bedroom units with expansive private rooftop terraces. Kitchens epitomize modern elegance and functionality with Italian cabinetry and premium appliances, and designer finishes throughout compliment the spacious master bedrooms that boast a unique open bathroom concept. Residences are priced from the $500’s with low association fees of less than $400 per month. 

 

Located at 1030 15th Street, Ten30 South Beach is just minutes away from the famed Lincoln Road shopping district and top dining experiences at Sunset Harbor. The project is also just steps from 36-acre Flamingo Park, where residents can enjoy several activities including a state-of-the-art aquatic center, Bark Park dog park, baseball and football stadiums, basketball and racquetball courts, soccer and softball fields in addition to a tennis center and children’s playground.  

 

For more information, please visit Ten30SouthBeach.com or visit the Ten30 South Beach Sales Gallery at 1116 15th Street, Miami Beach, FL 33139.

TEN30 SOUTH BEACH CELEBRATES TOP OFF

Ten30 South Beach, an enclave of moderately priced, Mid-Century Modern design-inspired Miami Beach condominiums by development firm Shoma Group, announced today it has officially topped off construction.

 

On schedule to open in the second quarter of 2021, the four-story building features 43 sophisticated residences. Situated in a prime Miami Beach location just minutes away from the famed Lincoln Road shopping district and top dining experiences at Sunset Harbor, the exquisite, contemporary condominiums offer a variety of floor plans each with state-of-the-art technology and high-end finishes.

 

Shoma Group alongside the project’s exclusive sales broker Fortune Development Sales, commemorated the momentous occasion and new addition to iconic South Beach with a socially distanced construction beam signing joined by leading real estate brokers, VIPs, community leaders and partners involved in the project. Following the topping off ceremony at Ten30 South Beach, guests enjoyed a reception with cocktails, music and hors d’oeuvres at the newly opened sales gallery at 1116 15th Street to mark the highpoint of the project.

 

“We’re extremely proud to celebrate this construction milestone and cannot be more pleased to be one step closer to completion. Seeing Ten30 begin to take shape is a stunning moment for our team as it underscores the continued progress as we bring this compelling project to life,” said Masoud Shojaee, President and CEO of Shoma Group. “We look forward to delivering Ten30 South Beach and welcoming our residents in the new year.”

 

A perfect ten and then some, the project offers the style and prestige of an exclusive address surrounded by premier shopping, dining and dazzling attractions of Miami Beach. Once completed, residents will enjoy Ten30’s enhanced level of design and a myriad of upscale amenities including a sprawling 6,000 square-foot rooftop deck with a rosé-colored pool, a dual gym showcasing spinning and treads with Pilates reformers and rock-climbing, as well as a lounge and outdoor kitchen area complete with barbecue and yoga space.

 

Ten30’s contemporary residences offer buyers a truly refined and elevated living experience with thoughtfully designed layouts in the heart of South Beach,” said Edgardo Defortuna, President and CEO of Fortune International Group. “We’ve continued to see a strong interest from prospective buyers locally, internationally and particularly from the Northeast, and we look forward to continuing our forward momentum.”

 

Positioning itself as an unparalleled luxury retreat away from the high-rise condo projects that have priced local buyers out of South Beach, Ten30 South Beach offers studios, one- and two-bedroom units with expansive terraces. Kitchens epitomize modern elegance and functionality with Italian cabinetry and premium appliances, and designer finishes throughout compliment the spacious master bedrooms that boast a unique open bathroom concept. Residences are priced from the $400’s with low association fees of less than $400 per month. Ten30 is equipped for all of residents’ smart-technology needs, and covered parking is reserved for each residence. 

 

Echoing the beauty of its surroundings, Ten30 will feature greenery, natural woods and finished concrete throughout. Designed by architectural and interior design firm Saladino Design Studios, the outdoor courtyard by the building’s entrance is highlighted by a lounge area and a living green wall. The lobby interiors will showcase colorful, eclectic, Mid-Century stylish furniture and artwork.

 

Located at 1030 15th Street, Ten30 South Beach is also just steps from 36-acre Flamingo Park, where residents can enjoy several activities including a state-of-the-art aquatic center, Bark Park, baseball and football stadiums, basketball and racquetball courts, soccer and softball fields in addition to a tennis center and children’s playground. 

 

For more information, please visit Ten30SouthBeach.com or visit the Ten30 South Beach Sales Gallery at 1116 15th Street, Miami Beach, FL 33139.

 

Ten30 South Beach, an enclave of moderately priced, Mid-Century Modern design-inspired Miami Beach condominiums by development firm Shoma Group, broke the conventional mold of a sales gallery unveiling when it hosted a socially distanced open house in celebration of the boutique residences.

 

Fortune Development Sales rolled out the red carpet for nearly 75 top area brokers over two days to celebrate the unveiling of Ten30 South Beach’s sales gallery with luxe cocktails and take-home delicacies, as guests were treated to the first in-person look at the refined finishes at the four-story project’s 43 exquisite residences.

 

“The new sales gallery offers an up-close opportunity for buyers to see – and even feel – what it’s like to live in one of Ten30’s residences,” said Edgardo Defortuna, President and CEO of Fortune International Group. “The contemporary design and interactive features are overall reflections of the unparalleled lifestyle that will be offered as we introduce this unique development to Miami Beach.”

 

As the first celebratory gathering at the sleek sales center designed by Shoma Interior Design, those in attendance experienced the sophisticated technology at Ten30 South Beach – a hallmark of the project – including Latch doors, Ecobee thermostat systems, Bluetooth enabled keyless entry with cameras that offer complete control through a homeowner’s mobile phone, as well as the Samsung Family Hub refrigerator, which allows residents to send messages, order Uber rides, play music or see inside their fridge and browse the internet for recipes using available ingredients.

 

Also on display at the new sales gallery is a full model kitchen featuring the Italian-designed chef caliber offerings, as well as premium appliances that will define daily living in the boutique building. The sales gallery is located adjacent to the project site at 1116 15th Street, Miami Beach, FL 33139.

 

“We’re very pleased to welcome brokers and prospective buyers to experience Ten30 South Beach with our new sales gallery,” said Masoud Shojaee, President and CEO of Shoma Group. “Ten30 South Beach was designed with technology at the forefront, and as we near completion we’re excited to showcase this attractive proposition to the South Beach market firsthand.”

 

Designed by Saladino Design Studios, the project, located at 1030 15th Street, is an unparalleled luxury retreat away from the high-rise condo projects that have priced local buyers out of South Beach, Ten 30 South Beach will offer studios, one- and two-bedroom units with expansive terraces and elegant interiors priced from $498,900 with low association fees of less than $400 per month.

 

Rising four stories, the building’s features include a sprawling 6,000 square-foot rooftop deck with a rosé-colored pool, two fitness centers, lounge, and outdoor kitchen area complete with barbecue and yoga space. Residences come with covered parking.

 

Ten30 offers residents the style and prestige of an exclusive address surrounded by premier shopping, dining and dazzling attractions of Miami Beach. The famed Lincoln Road shopping district is just minutes away as well as top dining experiences at Sunset Harbor. Ten30 is also conveniently located steps from Flamingo Park, where residents can enjoy several activities including a state-of-the-art aquatic center, Bark Park, baseball and football stadiums, basketball and racquetball courts, soccer and softball fields in addition to a tennis center and children’s playground.  

 

Ten30 South Beach broke ground in October 2019 and is on schedule for completion in the first quarter of 2021.

 

For more information, please visit Ten30SouthBeach.com or visit the Ten30 South Beach Sales Gallery at 1116 15th Street, Miami Beach, FL 33139.

South Florida developer Shoma Group announced today that they have closed on a $17.6 million construction loan for Ten30 South Beach. New York-based ACRES Capital Corp. served as the lender.

 

“We are very proud to secure construction financing with ACRES Capital for Ten30 South Beach as we step closer to delivering this compelling project to Miami Beach,” said Masoud Shojaee, CEO of Shoma Group. “Especially in today’s current climate, this closing is an endorsement of the market appeal of Ten30 as we continue our forward momentum bringing this attractive proposition to the Miami Beach market.”

 

Already under construction, Ten30 South Beach is a moderately priced, yet elegantly designed luxury retreat away from the high-rise condominium projects that have priced domestic buyers out of South Beach. Rising four stories, Ten30 South Beach will offer a curated collection of just 43 condominiums including studios, one- and two-bedroom units with expansive terraces and stylish interiors priced from the $400’s with low association fees of less than $400 per month.

 

It has been a pleasure to work with Masoud and his team throughout the iterations of this project to bring this unique offering to Miami Beach,” said Michael Horowitz, of Cooper Horowitz, who arranged the financing on behalf of Shoma Group. “ACRES Capital immediately recognized the niche in the market that this product would serve and efficiently pursued and concluded the financing despite the current economic climate. It was a collaborative effort from start to finish, and we look forward to watching this project succeed.”

 

The significant project milestone comes on the heels of the project’s recent financing program announcement, which hopes to make luxury more attainable to domestic buyers by lowering the initial deposit requirement to 15%. Current financing programs also make it possible for qualified domestic buyers to attain up to 97% financing with the excess of the 15% deposit amount being used to cover closing costs, pre-paid items and possibly a portion of the original deposit being refunded to the buyer at closing. For domestic buyers looking to make the move to an exclusive yet sometimes elusive beach address, this could put Miami Beach living within reach.

 

“The Ten30 South Beach project was an attractive origination opportunity due in part to its targeted segment of the highly desirable South Beach market,” said Mark Fogel, ACRES President and Chief Executive Officer. “Its attainable price point and low common charges for each unit will accommodate a variety of residents, including local buyers looking to buy their first home, empty-nesters that are downsizing or those relocating from states with higher taxes. This wide appeal is augmented by strong, local sponsorship in Shoma Group, which will ensure that the property’s business plan is adeptly executed.”

 

Exclusively marketed and sold by Fortune Development Sales, Ten30 South Beach includes a myriad of upscale amenities including an expansive 6,000 square-foot rooftop deck with a rosé-colored pool, lounge, and outdoor kitchen area complete with barbecue and yoga space. Residences come with covered parking.

 

With state-of-the-art technology and high-end finishes, each residence will offer sophisticated technology, including the Samsung Family Hub refrigerator, which allows residents to send messages, order Uber rides, play music or see inside their fridge and browse the internet for recipes using available ingredients. Italian-designed chef caliber kitchens, Bluetooth enabled keyless entry with cameras that offer complete control through a homeowner’s mobile phone, and spacious master bedrooms with a unique open bathroom concept complete Ten30’s array of amenities that tastefully create a sense of sanctuary expressed in lyrical terms.

 

Ten30 offers residents the style and prestige of an exclusive address surrounded by premier shopping, dining and dazzling attractions of Miami Beach. The famed Lincoln Road shopping district is just minutes away as well as top dining experiences at Sunset Harbor. Ten30 is also conveniently located steps from Flamingo Park, where residents can enjoy several activities including a state-of-the-art aquatic center, Bark Park, baseball and football stadiums, basketball and racquetball courts, soccer and softball fields in addition to a tennis center and children’s playground. 

 

For more information, please visit Ten30SouthBeach.com or visit the Fortune International Realty Miami Beach office at 110 Washington Avenue, Miami Beach, FL 33139.

Page 1 of 2