Hollywood Development Boom!

$1.5 Billion in Real Estate Projects

Nestled between the bustling metropolises of Fort Lauderdale and Miami, Hollywood emerges as a radiant gem amidst the sun-kissed beaches of South Florida. After years of lying relatively dormant, this quaint beach town is now experiencing an unprecedented surge in its real estate market, fueled by a potent mix of soaring demand and constrained supply.

With land becoming increasingly coveted in the region, Hollywood is undergoing a remarkable transformation, shedding its former tranquility for a vibrant landscape of development unseen in decades. At the heart of this resurgence lies the rejuvenation of downtown Hollywood and its iconic Young Circle area, where a staggering $1.5 billion in real estate projects are either in the pipeline or currently underway.

Leading this charge is BTI Partners, a powerhouse investment and development firm hailing from nearby Fort Lauderdale. Spearheaded by the visionary leadership of CEO Noah Breakstone, BTI Partners is at the forefront of Hollywood's metamorphosis, capitalizing on the burgeoning opportunities presented by the town's evolving urban fabric. As new developments continue to encroach upon previously untapped territories, Breakstone envisions a future brimming with potential, where the identification and revitalization of neighborhoods take center stage in Hollywood's ongoing evolution.

The commercial and residential real estate sectors in Hollywood are booming. The commercial market boasts over 6.4 million square feet of office space with an occupancy rate exceeding 95%. Forbes ranks Hollywood No.9 in the list of major cities with the most significant rise in home values, and the city is witnessing the construction of more than 5,000 new residential units. Notable projects, like Soleste Hollywood Boulevard and University Station, showcase the city's commitment to development and growth. Additionally, industrial zoning and Opportunity Zones, coupled with proximity to key areas like Port Everglades, contribute to Hollywood's appeal for businesses.

Hollywood is investing over $500 million in capital improvement projects, reflecting its commitment to infrastructure enhancement. These projects encompass a new police headquarters, a public-private partnership golf course redevelopment project called Orangebrook, and various other developments aimed at meeting the evolving needs of the community. The city's economic development team is dedicated to assisting businesses with incentives, site selection, and expedited permitting services. With its sought-after beaches, historic downtown, diverse amenities, and an active lifestyle, Hollywood positions itself as a forward-focused city poised for future growth.

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Broward County

$220M Loan For Fort Lauderdale Mixed-Use Project

Hines and Urban Street Development secure $220M loan from Bank OZK for phase 1 of FAT Village in Fort Lauderdale. The 5.6-acre mixed-use development will feature 601 multifamily units, 180K sq ft of office space, and 70K sq ft of retail. Located near Brightline rail station, it aims to revitalize the city's art-centric district!

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Lawmakers Mull Major Changes To Landmark Live Local Act

Proposed changes to Florida’s Live Local Act aim to address ambiguities and tighten rules on housing development. Amendments include prohibiting the use of floor area ratio to deny projects and adjusting height restrictions. Some amendments broaden qualifying properties. Despite pushback from municipalities, developers are still pursuing projects under the law.

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Miami-Dade County

Class A Creative Office and Retail Tower Proposed in Brickell

848 Brickell, a 51-story Class A office and retail tower in Miami's Financial District. Sterling Bay's expertise in creating cutting-edge workspaces aligns with Key International's vision for modern offices. Known for transformative urban campuses, Sterling Bay has a proven track record with globally recognized tenants.

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Construction Of Homestead Warehouse Project

Forman Capital lends $12.8M for Racetrack Toy Collection, a 28-unit warehouse development in Homestead, FL. The project boasts strong pre-sales, gated entry, 80 parking spaces, and proximity to Homestead-Miami Speedway. Units range from 1,989 to 3,873 sq ft, priced from $656,370. Scheduled for completion by Sept 2024.

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Featured Properties

1211 FL 436

Casselberry, FL 32707

Class-A Office Building

Available for Sale

Building Size: 83,520 SF

Lot Size: 8.29 AC

Asking Price: $14,500,000

Exclusively Listed by

The DeMarco Real Estate Group

Listing Page

2525 W 4th Ave

Hialeah, FL 33487

Industrial Building

Available for Sale

Building Size: 63,570 SF

Lot Size: 2.10 AC

Asking Price: $15,000,000

Exclusively Listed by

The DeMarco Real Estate Group

Listing Page
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