Okan Group

Okan Group Proposes 73 Story The Sterling In Downtown Miami

The Sterling Rendering

The Sterling Rendering

Going under review on October 6 by the Urban Design Review Board is the propsosed 73 story tower in Downtown Miami called The Sterling.

The Sterling is to be developed by Okan Group at 501 North Miami Avenue on a 35,992 square foot lot purchased in March for 18.1 million. The Southern portion of the lot at 45,433 square feet, was purchased by Melo Group in July for $10 million. 

Designed by Behar Font Partners, The Sterling will be 73 stories at 956 feet and to resemble a tulip. There will be 362 residential units, 300 hotel rooms, 55,400 square feet of office space, 3,030 square feet of ground floor retail and a 12,040 square foot restaurant on the 68th floor.

Melo Group Purchases Downtown Miami Lot For $10M

Melo Group has purchased a 45,433 square foot lot located at 501 North Miami Avenue for $10 million, according to The Real Deal.

The lot was sold by the First Baptist Church and as part of the deal, Melo Group must build a 300 space parking garage for the Christ Fellowship Baptist Church. 

Zoning allows for an 80 story building to 1,131 feet with up to 1,043 residential units.

The Northern 35,992 square foot part of the lot was sold for $18.1 million in March to Okan Group with plans to build a mixed use building.