Related Group and BH Group have secured $360 million in construction financing from Tyko Capital for Icon Beach Waterfront Residences, a planned 38-story condominium tower along South Ocean Drive in Hollywood Beach. Designed by Cohen Freedman Encinosa & Associates, with interiors by Meyer Davis and landscape architecture by Witkin Hults + Partners, the development is planned to contain 350 waterfront residences with access to an on-site marina and full-service beach club. Construction is expected to begin in May, with completion anticipated in 2028.
Set along Hollywood’s waterfront between the Atlantic Ocean and the Intracoastal Waterway, Icon Beach will include one- to three-bedroom residences ranging from 948 to 2,580 square feet. The development is being advanced by Related Group and BH Group in one of South Florida’s active coastal residential markets, with the financing marking a key step ahead of vertical construction.m
Credit: ArX Creative.
“With construction financing now in place, we’re one step closer to achieving our vision of creating a tower that will define the Hollywood skyline for generations to come,” said Nick Pérez, President of Related Group’s Condominium Division. “We’ve curated a marina-to-beach lifestyle unlike anything in the area, an offering that’s clearly resonated with purchasers.”
Residential layouts are planned with open-concept interiors, floor-to-ceiling windows, sliding glass doors, and private balconies oriented toward water views. Primary suites will include walk-in closets and bathrooms with soaking tubs and fixtures by Kohler and Hansgrohe. Kitchens are planned with custom Italian cabinetry, islands, imported porcelain countertops in two finish schemes, and appliances by Bosch and Thermador.
“Icon Beach Waterfront Residences is exactly the kind of opportunity TYKO Capital seeks – a differentiated asset in a market with strong and sustained demand,” said Adi Chugh, Founder and CEO of TYKO Capital. “ “Related Group and BH Group have built a compelling project with real market validation behind it, and this financing reflects our confidence in both the asset and the team delivering it.”
Credit: ArX Creative.
The project’s amenity program is expected to span 40,000 square feet. Planned components include an indoor-outdoor health club, spa and wellness areas, a resort-style pool with sun shelf, private cabanas, hot tub, cold plunge, outdoor cinema, yoga garden, summer kitchens, waterfront event space, and a gourmet café. Common areas are also planned to feature works from the Jorge M. Pérez Contemporary Art Collection.
Credit: ArX Creative.
Credit: ArX Creative.
Credit: ArX Creative.
Credit: ArX Creative.
“This financing marks a pivotal milestone for Icon Beach Waterfront Residences and the vision we’ve long held for this special enclave,” said Isaac Toledano, Founder of BH Group. “Buyers are increasingly recognizing Hollywood as one of South Florida’s most desirable addresses, and we look forward to breaking ground and delivering something truly extraordinary to our residents.”
The development will also include 24-hour concierge service, valet, on-site management, and security. Icon Beach is located near major hospitality and tourism anchors, including the Diplomat Beach Resort, the Broward County Convention Center, and the Hollywood Beach Broadwalk.
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Did the landscaping budget run out on river walk??
This is not a beachfront building as it is located across the busy thoroughfare from the beach.