The second phase of Pinnacle 441 has started construction in Hollywood, Florida. Florida YIMBY reported on this venture back in January 2022, when construction hadn’t even started on the first phase. However, thanks to $36.6 million in construction loans, the expansion is underway.
The Calta Group, a real estate design, development, acquisition, and construction company, has broken ground on Revv, an 8-story, 180-unit multifamily development located at 2233 Hollywood Boulevard in Hollywood, Florida. Revv is the first multifamily property in Broward County for the Coral Gables-based developer, who purchased the property in 2022 for $9.5 million with plans to reinterpret Hollywood apartment living with a fresh new concept. The groundbreaking for the 1.6-acre property comes from a $60 million construction loan by BridgeInvest, obtained in April.
In late 2022, developers proposed Star Tower Hollywood, a 19-story residential building that would offer 182 residential units. Now, nearly eight months later, they’ve submitted a revision, instead proposing a 22-story tower with more than 200 homes.
Housing Trust Group (HTG) has secured financing for University Station, a $100 million mixed-use development in Hollywood, Florida. This significant project, the largest undertaken by HTG to date, is a collaboration between HTG and the City of Hollywood, forming a true public-private partnership (P3). University Station will feature a range of workforce and affordable housing options, retail spaces, public and private parking, and a new home for Barry University’s College of Nursing and Health Services. The partnership was initiated through an unsolicited proposal under Florida’s P3 statute 255.065. Construction is set to commence in June 2023, with an expected completion in Spring 2025.
The City of Hollywood, Florida’s Department of Development Services Division of Planning and Urban Design has released a memorandum detailing a request by HFL Landings Owner LLC, a joint venture between the Zurich-based Credit Suisse Group and Honolulu-based Trinity Investments. The proposal seeks to modify Diplomat Landing’s Planned Development Master Plan, introducing 350 condo units and 500 hotel rooms, which aligns with the City’s Comprehensive Plan.
