1903 Hollywood Blvd · 2018. 6. 5. · 1903 Hollywood Blvd | Hollywood, FL 33020 The accuracy of...

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1903 Hollywood Blvd1903 Hollywood Blvd | Hollywood, FL 33020

JOHN DEMARCO, [email protected]

Corner Landmark Building sits on Very Best Location in Historic Downtown Hollywood. ➢

11,445 Square Feet on .21 Acre Corner Lot Deeded as Separate Parcels ➢

Over 1mil in build-out with state of the art improvements including; 3 Bars, CommercialKitchen,Stage, & Outdoor Patio

➢

Situated in Center of the CRA Redevelopment Zone and Surrounded by Active andProposed New Development Projects.

➢

Located Less than 2 miles from Hollywood Beach, 8 miles from Fort Lauderdale Beach and15 Miles from Miami Beach.

➢

RE/MAX 5 STAR REALTY4151 Hollywood BlvdHollywood, FL 33020(954) 361-0000www.DeMarcoGroup.com

INVESTMENT DETAILS1903 Hollywood Blvd | Hollywood, FL 33020

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

ANALYSISAnalysis Date June 2018

PROPERTYProperty 1903 Hollywood BlvdProperty Address 1903 Hollywood Blvd

Hollywood, FL 33020

Year Built 1971

FINANCIAL INFORMATIONAll Cash

PURCHASE INFORMATIONProperty Type RetailPurchase Price $3,499,000Tenants 1Total Rentable Sq. Ft. 11,445

LOANSType Debt Term Amortization Rate Payment LO CostsAll Cash

INCOME & EXPENSESGross Operating Income $240,000Monthly GOI $20,000Total Annual Expenses ($50,691)Monthly Expenses ($4,224)

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EXECUTIVE SUMMARY1903 Hollywood Blvd | Hollywood, FL 33020


Acquisition CostsPurchase Price, Points and Closing Costs $3,499,000Investment - Cash $0

Investment InformationPurchase Price $3,499,000Price per Tenant $3,499,000Price per Sq. Ft. $305.72

Income, Expenses & Cash FlowGross Scheduled Income $240,000Total Vacancy and Credits $0Operating Expenses ($50,691)Net Operating Income $189,309Debt Service $0Cash Flow Before Taxes $189,309

Financial Indicators

Debt Coverage Ratio N/ACapitalization Rate 5.41%Gross Income / Square Feet $20.97Gross Expenses / Square Feet ($4.43)Operating Expense Ratio 21.12%

P. 3

PROPERTY DESCRIPTION1903 Hollywood Blvd | Hollywood, FL 33020


Best Location in Hollywood | 1903 Hollywood Blvd

Great investment opportunity in downtown Hollywood Florida. The subject property is a fully built-out bar andrestaurant. Successfully operating for over 10 years. Over 1mil in build-out with state of the art improvements. 4amlicense approved with large outside seating area and bar. This is the only downtown Hollywood City approved outdoorbar patio. Build-out includes full commercial kitchen, 3 large custom bars, DJ sound equipment with lighting and much more. Thefirst floor consists of +/-6500 sf of useable space with an additional 1500 sf outside patio and bar. The second floorcontains 5000 sf and can be used as office, bar/lounge or nightclub. The second floor is ready to be built-out. This corner landmark sits in the very best location of Downtown Hollywood, the corner of 19th and Hollywood Blvd. Amazing opportunity for owner user or investors.When property is re-tenanted after closing at market leasing rates, it will provide an investor with a strong 9.2%capitalization rate or $320,460 in NOI on a pro-forma basis. Current tenant is leasing the 1st floor for $20,000 permonth. Please remember to not disturb existing business or property. All showings are by appointment only. Contactlisting broker for additional information.

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PROPERTY PHOTOS1903 Hollywood Blvd | Hollywood, FL 33020


1903 Hollywood Blvd, Hollywood FL 33020

Entrance Facing Hollywood Blvd Corner of Hollywood Blvd & 19th Ave

Interior seating & Indoor Bars Rear Bar with Stage

Outdoor Seating & Bar Patio Bar

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LOCATION MAP1903 Hollywood Blvd | Hollywood, FL 33020


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PRO FORMA SUMMARY1903 Hollywood Blvd | Hollywood, FL 33020


TENANT ANNUAL SCHEDULED INCOME Tenant Actual Market

Whiskey Tango $240,000 $320,748TOTALS $240,000 $320,748

ANNUALIZED INCOME Description Actual Market

Gross Potential Rent $240,000 $320,748Less: Vacancy $0 $0Misc. Income $0 $50,688Effective Gross Income $240,000 $371,436Less: Expenses ($50,691) ($50,691)Net Operating Income $189,309 $320,745

ANNUALIZED EXPENSES Description Actual Market

Building Insurance $9,000 $9,000Taxes - Real Estate $41,691 $41,691Total Expenses $50,691 $50,691Expenses Per RSF $4.43 $4.43

INVESTMENT SUMMARY Price: $3,499,000Year Built: 1971Tenants: 1RSF: 11,445Price/RSF: $305.72Lot Size: 9,092 sfFloors: 2APN: 51421501443Cap Rate: 5.41%Market Cap Rate: 9.17%

P. 9

1 535 N Andrews Ave SOLDFort Lauderdale, FL 33301 Broward County

Fat Village Properties, LLCRecorded Buyer: Recorded Seller: Cilldara, Inc.421 N Andrews AveFort Lauderdale, FL 33301(954) 761-1628

True Buyer: Urban Street Development

535 N Andrews AveFort Lauderdale, FL 33301(954) 764-4453Cilldara, Inc.True Seller:

Sale Date:

– Research Status:

Sale Price:$782.12$4,200,000 - Confirmed01/10/2017 Bldg Type:

Year Built/Age:GLA:

Parcel No:Financing:

50-42-03-02-1150, 50-42-03-02-1160, 50-42-03-02-1170Down payment of $4,200,000 (100.0%)

Confirmed

RetailRestaurantBuilt 1941 Age: 765,370 SF

Land Area: 0.52 AC (22,651 SF)Price/SF:

3802670Comp ID:

Map Page: Trakker 24-V14

2 3571 N Federal Hwy - Hops Restaurant (Part of Multi-Property) SOLDPompano Beach, FL 33064 Broward County

Christopher PartridgeTrue Buyer: Recorded Seller: Brixmor HTG SPE 1 LLC23-08 Newtown AveAstoria, NY 11102Christopher Partridge

450 Lexington AveNew York, NY 10017

Brixmor Property GroupTrue Seller:

Sale Date:


PrFrma Cap Rate:

Sale Price:

Actual Cap Rate:

$242.33$1,541,220 - Allocated11/21/2016 Bldg Type:

Zoning:Sale Conditions:

Year Built/Age:GLA:

-5.60%

Parcel No:Financing: -

Allocated

RetailRestaurantBuilt 1958 Renov 1991 Age: 586,360 SF

B-3-


3764887Comp ID:

3 1239 S Federal Hwy SOLDFort Lauderdale, FL 33316 Broward County

Food Capital LlcRecorded Buyer: Recorded Seller: Cwiklik Alice E18205-18299 Biscayne BlvdAventura, FL 33160

Cwiklik Alice ETrue Seller:

Sale Date:


PrFrma Cap Rate:

Sale Price:$187.39$1,100,000 - Confirmed03/20/2018 Bldg Type:

Zoning:

Year Built/Age:GLA:

-


50-42-15-01-2260-

Confirmed


B-1Land Area: 0.32 AC (13,939 SF)

Price/SF:

4233110Comp ID:

Copyrighted report licensed to Re/Max 5 Star Realty - 746067. 5/1/2018

Page 1

4 1843 S Federal Hwy SOLDFort Lauderdale, FL 33316 Broward County

Pronto 1843, LLCRecorded Buyer: Recorded Seller: Good Better & Best Inc1843 S Federal HwyFort Lauderdale, FL 33316(954) 462-5555

1410 E Las Olas BlvdFort Lauderdale, FL 33301(954) 463-4041Good Better & Best IncTrue Seller:

Sale Date:


PrFrma Cap Rate:

Sale Price:

Actual Cap Rate:

$210.14$1,450,000 - Confirmed03/27/2017 (105 days on mkt) Bldg Type:


Year Built/Age:GLA:

--


50-42-15-13-0070, 50-42-15-13-0080-

Confirmed


B-1High Vacancy Property


3865408Comp ID:

5 4473 Lyons Rd - Building G (Part of Multi-Property) SOLDCoconut Creek, FL 33073 Broward County

MCA Promenade Owner, LLCRecorded Buyer: Recorded Seller: Garrison Investment Group LP2 Seaport LnBoston, MA 02110

True Buyer: AEW Capital Management

1350 Avenue of the AmericasNew York, NY 10019

Garrison Investment GroupTrue Seller:

Sale Date:


Price/SF:Sale Price:

$303.47$3,338,126 - Allocated05/03/2016 Bldg Type:

Year Built/Age:RBA:

Parcel No:Financing: -

Allocated

RetailRestaurantBuilt 201611,000 SF

-Recorded Buyer: Recorded Seller: Garrison Investment Group LP1290 Avenue of the AmericasNew York, NY 10104

2 Seaport LnBoston, MA 02210

George Fryer(617) 261-9000

1290 Avenue of the AmericasNew York, NY 10104(212) 372-9590

Comp ID: 3583923


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6 11211 Pines Blvd SOLDPembroke Pines, FL 33026 Broward County

JCS 11211PDQ, LLCRecorded Buyer: Recorded Seller: Advance Business Associates, LLP200 S Biscyane BlvdMiami, FL 33131

6701 N Hiatus RdTamarac, FL 33321(954) 597-2200Advance Business Associates, LLPTrue Seller:

Sale Date:


PrFrma Cap Rate:

Sale Price:

Actual Cap Rate:

$337.21$3,773,000 - Confirmed02/15/2017 (400 days on mkt) Bldg Type:


Year Built/Age:GLA:

-5.00%


51-40-13-13-0036Down payment of $1,510,000 (40.0%); $2,263,000 from Total Bank

Confirmed


--


3834937Comp ID:

7 100 N University Dr - Romano's Macaroni Grill SOLDPlantation, FL 33324 Broward County

Tavush Plantation, LLCRecorded Buyer: Recorded Seller: 100 University LLC3300 E Commercial BlvdFort Lauderdale, FL 33308

2600 Island BlvdAventura, FL 33160Edgar HalacTrue Seller:

Sale Date:


PrFrma Cap Rate:

Sale Price:$591.13$4,450,000 - Full Value05/25/2017 Bldg Type:

Zoning:

Year Built/Age:GLA:

-


50-41-04-42-0011-

Full Value

RetailRestaurantBuilt 1994 Renov 2019 Age: 237,528 SF

NTLand Area: 1.82 AC (79,279 SF)

Price/SF:

3915767Comp ID:

8 5840 Wiles Rd - Turtle Crossing SOLDCoral Springs, FL 33067 Broward County

Bww Turtle Crossing LlcRecorded Buyer: Recorded Seller: Turtle Crossing Coral Springs LLC3325 S University DrDavie, FL 33328

3325 S University DrDavie, FL 33328Ross Matz Investments, Inc.True Seller:

Sale Date:


Sale Price:$349.59$2,100,00009/29/2017 Bldg Type:

Year Built/Age:GLA:


48-41-13-01-2639-

Research Complete



4025700Comp ID:


Page 3

Dollar Volume

Legend:

Current SurveySold Transactions 8

$21,952,346Number of TransactionsTotal Dollar Volume

60,22414.34

Total Bldg Square FeetTotal Land in Acres

624,650$2,744,043

Total Land in SFAverage Price

7,528$364.51

Average Number of SFAverage Price Per Bldg SF

$320.342.05

Median Price Per SFAverage Number of Acres

89,236-

Average Number of SF(Land)Average Price Per Unit

--

Median Price Per UnitAverage Number of Units

5.00%Actual Cap Rate

SoldTransactions

Time Interval - Quarterly

Report Time Frame: 4/1/2016 - 5/1/2018

Trend Report


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Trend Report

Sold Transaction Sold Transaction

2Q16 04/1-6/30/16 1Q17 01/1-3/31/17

Number of TransactionsTotal Dollar VolumeTotal Bldg Square FeetTotal Land in AcresTotal Land in SFAverage PriceAverage Number of SFAverage Price Per Bldg SFMedian Price Per SFAverage Number of AcresAverage Number of SF(Land)Average Price Per UnitMedian Price Per UnitAverage Number of UnitsActual Cap Rate

4Q16 10/1-12/31/16 2Q17 04/1-6/30/17

Sold TransactionSold Transaction

1$3,338,126

11,000--

$3,338,12611,000

$303.47$303.47

------

1$1,541,220

6,3609.51

414,256$1,541,220

6,360$242.33$242.33

9.51414,256

----

3$9,423,000

23,4591.81

78,844$3,141,000

7,820$401.68$337.21

0.6026,281

---

5.00%

1$4,450,000

7,5281.82

79,279$4,450,000

7,528$591.13$591.13

1.8279,279

----

Sold Transaction

3Q17 07/1-9/30/17

Number of TransactionsTotal Dollar VolumeTotal Bldg Square FeetTotal Land in AcresTotal Land in SFAverage PriceAverage Number of SFAverage Price Per Bldg SFMedian Price Per SFAverage Number of AcresAverage Number of SF(Land)Average Price Per UnitMedian Price Per UnitAverage Number of UnitsActual Cap Rate

1Q18 01/1-3/31/18

Sold Transaction

1$2,100,000

6,0070.88

38,333$2,100,000

6,007$349.59$349.59

0.8838,333

----

1$1,100,000

5,8700.32

13,939$1,100,000

5,870$187.39$187.39

0.3213,939

----


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HOLLYWOOD ECONOMIC DEVELOPMENT1903 Hollywood Blvd | Hollywood, FL 33020

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection byand/or with the appropriate professionals.

CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 1

DEVELOPMENT ACTIVITY

P. 15




Hollywood is the 3rd largest city in Broward County and is strategically located on the South Florida coast between Fort Lauderdale and Miami. Hollywood is adjacent to the Fort Lauderdale-Hollywood International Airport and is the primary home to Port Everglades. In addition to its proximity to I-95 and the Florida Turnpike, Hollywood is home to two Commerce/Industrial Parks and has a growing niche in Professional Services and Healthcare. There is more than $1.65 billion in real estate development, planned or under construction, throughout the city with key commercial corridors offering additional

redevelopment opportunities. Downtown Hollywood is easily accessible to

South Florida’s major cities and will offer new convenient

connections through the planned Tri-

Rail Coastal Link commuter rail

service creating an ideal environment for mixed-use, transit-oriented projects that provide the urban lifestyle many are seeking.

Hollywood attracts visitors from around the world who come to stay along the historic oceanfront Broadwalk. This 2.5-mile pedestrian walkway is just steps from the Atlantic and is lined with shops, restaurants and accommodations to fit every taste and budget. The city boasts a high quality of life with more than 60 parks, three municipal golf courses and a variety of recreational amenities including a nearly 10-acre urban park in the heart of Downtown Hollywood featuring outdoor concerts and special events within a burgeoning arts scene.

CONTENTS

591113151619252730

CONTACT USOUR MISSIONEconomic Development

954.921.3620www.choosehollywoodfl.com

Raelin Storey, [email protected], Communications,

Marketing & Economic Development

Community Redevelopment Agency

954.924.2980Jorge Camejo, [email protected]

Executive Director

The City of Hollywood’s economic development team is committed to implementing a holistic and sustainable economic growth strategy that results in a robust economy and healthy neighborhoods. We are here to help you with:

COMMERCIAL MARKETS

INDUSTRY

PORT EVERGLADES

TRANSPORTATION + ACCESSIBILITY

DISTRICT DEVELOPMENT

DEVELOPMENT ACTIVITY COMPLETED

DEVELOPMENT ACTIVITY UNDERCONSTRUCTION

DEVELOPMENT ACTIVITY PLANNED

REDEVELOPMENT OPPORTUNITIES

DEVELOPMENT MAP

ABOUT US

P. 16




COMMERCIAL MARKETS

From its beaches, to its lively downtown, to its distinctive neighborhoods, Hollywood is City focused on the future where businesses discover a welcoming climate for economic growth and sustainable development. Florida’s Hollywood offers all the amenities and resources national and international companies are seeking when looking for the right location to call home.

and asking rents are up, yet Hollywood remains competitively priced for businesses seeking to relocate or expand while keeping costs down.

for its convenient location in the heart of South Florida with easy access to Port Everglades and Fort Lauderdale Hollywood International Airport, as well as major transportation routes.

Businesses are expanding and new visitors and residents are discovering the unique blend of value and quality that sets Hollywood apart from other South Florida cities.

Hollywood and adding to its core retail market which continues to grow at a steady and sustainable pace with retail vacancies trending below 6%.

Plaza completed in early 2016, boast over 300,000 square feet of new and redeveloped retail space and are thriving with national retailers such as Walmart, Pollo Tropical, TD Bank, Ross, Burlington, Bank of America and Aldi’s.

Hollywood’s urban and suburban commercial

corridors boast nearly 6

space with an occupancy rate above 92%.

Hollywood Beach, voted a top 25 beach destination

by TripAdvisor, continues to attract tourists from around the world. This steady flow

of visitors creates a constant demand for quality retail

and entertainment options.

P. 17




COMMERCIAL MARKETS

The Southeast Broward County Industrial Market, encompassing Hollywood, Dania Beach, Hallandale Beach and Fort Lauderdale, has shown positive growth for the past year. Vacancy rates in the industrial market have trended below 6% with average asking rents at $10 SF—the highest level in the past 5 years. Tenant interest has grown in the prime industrial parks in Hollywood including the South Florida Design and Commerce Park and the Port 95 Commerce Park. These ideally located parks are populated by a wide variety of business sectors from aerospace companies to advertising agencies, uniform and facility services providers and architectural and interior design firms.

An eclectic cluster of high end design firms have formed the South Florida Design Park which features Jerry Pair, Stark Carpet,

Fabrics among others.

Vacancy rates in the industrial market have trended below

6% with average asking rents at $10—the highest level

in the past 5 years.

The time is right to invest in starting or growing a business in Hollywood with prime locations that will give you a competitive advantage get your products and services to market faster and at a lower cost.

Hollywood-based Quantum Marine is an industry leader in stabilization technology for the yachting industry. The Quantum team set out with determination to develop innovative technologies to combat the dynamics of the

ocean environment. Its Zero-Speed Stabilization System has changed the yachting world.

Computer rendering of the new 30,000 sf Quantum Marine Corportate Headquarters recently completed

92.1%

5.9MILLION SF

InventorySources: CBRE, CoStar

P. 18




INDUSTRY

It’s all about location and Hollywood has it – in the heart of South Florida between Fort Lauderdale and Miami. Hollywood is at a crossroads for international trade with easy access to major employment centers and key transportation routes. Leading companies call Hollywood home including:

HEICO Corporation - a top manufacturer of aerospace, defense, industrial and electronics componentsDiplomat Resort & Spa - ranked among the top 20 most popular meeting resorts by

Brandsmart - a leading consumer electronics and appliance retailer in the southeastern U.S.Memorial Healthcare System - one of the largest public healthcare systems in the nation.

Incredible opportunities exist for Hollywood’s target industry clusters. The city is focused on expanding these industries:

Are you considering a corporate relocation or are you an entrepreneur seeking the right environment for your start up? Hollywood

grow your business with trends showing an

works in partnership with private industry, economic development organizations and educational institutions to create the ideal conditions for business growth.

Healthcare

AssistanceHospitality

Administration

Services

Professional

Services

HOLLYWOOD’S TOP 5 INDUSTRIES

Joe DiMaggio Children’s HospitalABOUT OUR WORKFORCE

29% BACHELOR’S DEGREE OR HIGHER

40COLLEGES &UNIVERSITIES

46,000+AVIATION WORKERS

81,000+

LABORFORCE

1.04MHOLLYWOOD

BROWARDCOUNTY

82,000+EMPLOYEES INHEALTH CARE &

SOCIAL ASSISTANCE

13,000LIFE SCIENCEWORKERS

80,000INFORMATION & COMMUNCATIONTECHNOLOGY WORKERS

29% BACHELOR’S DEGREE OR HIGHER

40COLLEGES &UNIVERSITIES

46,000+AVIATION WORKERS

81,000+

LABORFORCE

1.04MHOLLYWOOD

BROWARDCOUNTY

82,000+EMPLOYEES INHEALTH CARE &

SOCIAL ASSISTANCE

13,000LIFE SCIENCEWORKERS

80,000INFORMATION & COMMUNCATIONTECHNOLOGY WORKERS

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PORT EVERGLADES

Port Everglades is South Florida’s “powerhouse port” and one of the most diverse seaports in the United States. It is among the top cruise ports in the world and one of the most active containerized cargo ports in the United States, serving as South Florida’s main seaport for petroleum products such as gasoline and jet fuel.

Exotic cruise vacations and international trade are what make Port Everglades a vital economic engine for Hollywood and Broward County. As a leading container port in a region that thrives on trade and tourism, the port is the ideal point of entry for companies that conduct business in Latin America, the Caribbean, Europe and the Far East. A

within the Port make it a highly desirable business center for world trade.

Port Everglades is a self-supporting Enterprise Fund of Broward County government. It does not rely on local tax dollars for operations or capital improvements.

The total value of economic activity at Port Everglades now tops $28 billion annually, and more than 224,000 Florida jobs are impacted by the Port, including 13,300 people who work for companies that provide direct services to Port Everglades.

The Port is moving forward with several expansion projects designed to meet the demands of a growing population and the needs of the maritime industry. These capital improvements are expected to be completed during the next 6 years increasing productivity and throughput.

28BILLION

Annual Economic Activity

3RDBUSIEST

Passenger Cruise Port

#1FLORIDA’S

Seaport by Revenue

Source: FY2015 Port Everglades Commerce Report

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TRANSPORTATION + ACCESSIBILITY

Hollywood is the nexus of South Florida offering unbeatable proximity to key transportation routes and assets. Conveniently located along Interstate 95 between Fort Lauderdale and Miami, Hollywood provides easy access to major highways such as Interstates 595 and 75, along with the Florida Turnpike.

Fort Lauderdale-Hollywood International Airport (FLL)FLL is located on the City’s northern boundary and is one of the fastest growing airports in the country. FLL is ranked 21st in the U.S. in

origin and destination passengers. There are more than 325 departure and 325 arrival flights a day. FLL offers nonstop service to more than 125 U.S. cities and flights to Canada, the Caribbean, Mexico, Latin America and Europe. FLL averages 650 commercial flights per day on 30 airlines. Each day over 73,000 travelers pass through the four terminals at FLL.

Freight RailBoth the Florida East Coast Railway (FEC) and CSX Railroad run through Hollywood offering convenient and affordable rail transportation for moving freight between rail yards and trucking terminals. To ensure continued economic growth for the region,

FEC has completed a $53 million, 42.5-acre near-dock intermodal container transfer facility that will transfer international and domestic containers between ship and rail and handle domestic containers originating in or destined for the eastern United States market.

Passenger RailAs part of the South Florida regional Transportation Authority, Tri-Rail commuter service connects Hollywood with Miami to the south and downtown West Palm Beach to the north. Two stops are located in Hollywood. Convenient bus connections are provided from all Tri-Rail stations. Additionally, the three major South Florida Aiports (Fort Lauderdale/Hollywood, Palm Beach and Miami) are accessible via train and connecting shuttle service.

Hollywood TrolleyThe Hollywood Trolley makes getting around Hollywood Beach and Downtown a breeze. Visitors and residents can board the trolley at more than a dozen convenient locations near Hollywood’s major activity and parking areas and explore the many things to see and do in Hollywood. The Hollywood Trolley is a service of the Hollywood Community Redevelopment Agency.

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URBAN DESIGN + INFRASTRUCTURE

Welcoming + Accessible Complete StreetsThe City of Hollywood recently broke ground on its first Complete Streets project—Hollywood Boulevard from City Hall east to Dixie Highway. This project will be the Broward County Metropolitan Planning

model for how streets should be designed to support all forms of transportation in the future. Additional Complete Streets projects planned for Hollywood include: the FEC Corridor Greenway (Dixie Highway and 21st Avenue); State Road 7; A1A on Hollywood Beach and Federal Highway.

State Road 7 Corridor ExpansionState Road 7 serves as a key corridor through the South Florida serving numerous

completed in 2018, the State Road 7 expansion

sewer service throughout the corridor. The project will follow a complete streets model that includes landscaped safety medians, new lighting, sidewalks, bicycle lanes and bus bays. A new linear park along the corridor will make this a distinctive, visually appealing thoroughfare that is safer for pedestrians, residents and motorists.

Downtown Regional Activity CenterRecognizing the importance of the Regional Activity Center (RAC) designation, the City of Hollywood has completed the rezoning of its RAC to encourage attractive and functional redevelopment in this area of regional significance. Hollywood’s RAC covers an area of over 1,450 acres that includes Downtown Hollywood and the key commercial and residential corridors of Federal Highway, Dixie Highway and Hollywood Boulevard.

Community Redevelopment Agency (CRA)Hollywood’s CRA is comprised of two districts created to stimulate private investment and economic growth. The Downtown District is approximately 580 acres and extends from 22nd Avenue on the west to generally 17th Avenue on the east, Johnson Street on the north and Washington Street on the south. The Beach District consists of 293 acres from Sherman Street south to the south property line of the Diplomat Resort and Spa, and from the Intracoastal Waterway to the Atlantic

P. 22




DEVELOPMENT ACTIVITY | COMPLETEDDEVELOPMENT ACTIVITY | COMPLETED

Margaritaville Hollywood Beach Resort

Positano Beach

Parc Station

$200+MILLION

Development Delivered to Market Last Year

50,000SF

More than $200 million in development was completed in Hollywood last year including more than 50,000 sf of retail, restaurant and entertainment space, with more on the way.

It’s never been a better time to invest in Hollywood. From its strategic location and proactive business environment to its outstanding quality of life, Hollywood is where you want to be.

The hotel has reached an occupancy rate of 93 percent, the lodging equivalent of a smash hit.

P. 23




2. Meliã Costa Hollywood

Meliã Costa Hollywood is redeveloping the

Beach into one of South Florida’s premier mixed-use hotel developments. It will feature 304 condo-hotel units, 11,000 SF of retail space, 24,000 SF of restaurant space, meeting space as well as a gym and spa. The hotel will also boast its own 225-car mechanical parking system that allows visitors and residents to drop keys with a valet, after which the car will be whisked into its vertical storage space via elevator.

Location: 777 North Ocean Drive

Investment: $150 MillionWebsite: costahollywood.com


DEVELOPMENT ACTIVITY | UNDER CONSTRUCTIONDEVELOPMENT ACTIVITY | COMPLETED

Hyde Resort & Residences

Hyde Resort & Residences brings Hyde style into a residential resort

Legendary for its creation of exclusive nightlife destinations in Los Angeles, Las Vegas, and Miami Beach, Hyde brings 367 luxury hotel units and 40 residential units to Hollywood Beach.

Developer: The Related GroupInvestment: $250 MillionWebsite: hyderesortresidences.com

Costa Hollywood

Costa Hollywood Condo Resort is redeveloping the former Hollywood Grande site on Hollywood Beach into one of South Florida’s premier mixed-use hotel developments. It will feature 304 condo-hotel units, 11,000 SF of retail space, 24,000 SF of restaurant space, meeting space as well as a gym and spa. The hotel will also boast its own 225-car mechanical parking system that allows visitors and residents to drop keys with a valet, after which the car will be whisked into its vertical storage space via elevator.

Developer: Liberty Grande, LLCInvestment: $150 MillionWebsite: costahollywood.com

Quantum Marine Quantum Marine, manufacturers of hydraulic equipment for the yacht, military, and commercial markets, has chosen Hollywood as the location for its recently completed corporate headquarters located at SW 30th Avenue and South of 36th Street, within Port 95 Commerce Park. The

major highways, Fort Lauderdale-Hollywood International Airport and Port Everglades.

Location: Port 95 Commerce ParkDeveloper: Quantum MarineInvestment: $6.2 MillionWebsite: quantumhydraulic.com

P. 24




DEVELOPMENT ACTIVITY | UNDER CONSTRUCTIONDEVELOPMENT ACTIVITY | UNDER CONSTRUCTION

Hollywood Circle

Hollywood Circle will be a 25-story, mixed-use development located in the center of Downtown Hollywood on Young Circle. The development will include 397 upscale rental apartments ideal for those seeking an exciting, urban environmen; The Circ, a uniquely branded 104-room boutique hotel; a 46,000 SF supermarket; and approximately 15,000 SF of additional retail space.

Location: 1776 Polk StreetDeveloper: Hollywood Circle, LLCInvestment: $160 MillionWebsite: hollywoodcirclefl.com

The Preserve at Emerald Hills

MG3’s development on the former site of Lake Eden, The Preserve at Emerald Hills will be a master planned community consisting of 40 luxury coach homes and 77 luxury estate homes.

Developer: MG3 DevelopersInvestment: $60 MillionWebsite: thepreserveatemeraldhills.com

H3 HollywoodH3 Hollywood will bring a 14-story, mixed-use development featuring 247 residential units to Downtown Hollywood. The project will also include approximately 5,000 SF of commercial space.

Location: 2165 Van Buren StreetConstruction Contractor: LB ConstructionWebsite: www.lbconstructionsf.com

P. 25




DEVELOPMENT ACTIVITY | UNDER CONSTRUCTIONDEVELOPMENT ACTIVITY | UNDER CONSTRUCTION

Parkview at Hillcrest

Parkview at Hillcrest is an approximately 243 acre residential development located between Pembroke Road and Washington Street east of 52nd Avenue. It is a joint project between Pulte Homes, Inc. and Concord Wilshire consisting of 645 single family homes and townhomes.

Location: 4600 Hillcrest DriveDeveloper: Hillcrest Country Club, LLP Investment: $250 MillionWebsite: www.pulte.com/parkview

Seaside Village

Seaside Village will be a boutique style development consisting of 15 waterfront condo units and 8 luxury single family homes. The project is located adjacent to the Intracoastal Waterway on Hollywood Beach and also includes a marina.

Developer: Vintage Homes, Inc.Investment: Approx $38 MillionWebsite: seasidevillagenorthbeach.com

Toyota of Hollywood

Toyota of Hollywood is developing an approximately 408,000 SF dealership that will replace its former facility. The new Toyota complex will be built on multiple lots totaling

service area and a five-story parking garage.

Developer: Triangle Auto Center, Inc. Investment: $25 million

P. 26




DEVELOPMENT ACTIVITY | PLANNEDDEVELOPMENT ACTIVITY | UNDER CONSTRUCTION

Hyde Beach House

Hyde Beach House is developing a 2.4 acre site along Hollywood Beach’s Intracoastal as a mixed-use condo hotel. The development will feature 342 luxury units and will include ground floor retail.

Investment: $225 Million

Young Circle Commons

Young Circle Commons is an approved mixed-use development located at the southwest corner of Hollywood Boulevard and Young Circle at the site of the former Great Southern Hotel. The development will include 166 upscale residential units and 103 hotel rooms with approximately 30,000 SF of commercial space. The development will preserve and incorporate the north and west facades of the hotel with the new project.

Location: 1858 Hollywood BoulevardDeveloper: Block 40, LLCInvestment: $80 Million

P. 27




DEVELOPMENT ACTIVITY | PLANNED

Sol Van Buren

Sol Van Buren is an approved residential development located at the southwest corner of Van Buren Street and South 20th Avenue in Downtown Hollywood. The development includes seven two-story walk-up loft units on the ground floor, with remaining units on the third floor and above.

Location: 2000 Van Buren StreetDeveloper: Sol Van Buren LLCInvestment: $4.7 million

JED Tower

JED Tower is a planned, mixed-use development located on the corner of Taylor Street and

Hollywood. The development plan includes 134 residential units and 12,455 square feet of retail space with parking structure for 276 spaces.

Developer: JED Equities, LLCInvestment: $20 million

Be a part of the revitalization of a prime commercial corridor just blocks from bustling Young Circle and Downtown Hollywood’s rapidly changing core, where more than $350 million in public and private investment is taking shape.

Federal Highway north of Hollywood BoulevardArea: 0.45 Acres Zoning: C-2 - allows residential, hotel,

Land Use: Regional Activity CenterADT: Federal Highway - 27,500 Vehicles

Contact: [email protected]

DEVELOPMENT OPPORTUNITIES

of Hollywood’s vision for sustainable prosperity where smart growth equals the highest quality of life for current and future residents. The City of Hollywood has identified several key parcels available for redevelopment and has a process in place to accept and review proposals for public-private partnerships.

Specific neighborhoods

and projects will outperform,

adjacent competitive areas. Boca Raton,

Hollywood and others primed for growth.

-Jack McCabeMcCabe Research &

Consulting, 2017 South

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DEVELOPMENT OPPORTUNITIESDEVELOPMENT OPPORTUNITIES

The Florida Department of Transportation is interested in a public-private partnership for the development of the Sheridan Street Park &

the Tri-Rail station. Developer would construct, operate and maintain a mixed-use commercial/

preserving the existing transportation-related facilities.

Location: Generally southwest of

Area: 17.5 AcresZoning: Planned Development

ADT: 320,000 Vehicles

[email protected]

Adams Street Site

The City of Hollywood and Hollywood Community Redevelopment Agency are interested in proposals for both market driven and affordable housing development located within walking distance of Downtown Hollywood. Capital improvements made by the city have included sewer installation as well as sidewalks, landscaping and lighting improvements. Redevelopment of the city-owned parcels must comply with applicable state and federal affordable housing requirements.

Location: Generally south of Adams Street

Area: 6.58 AcresZoning: DH-2 and DH-3Land Use: Regional Activity Center

Contact: Anthony Grisby, City of Hollywood [email protected]

University Station

The City of Hollywood and the Hollywood CRA

Development in close proximity to the city’s historic Downtown. The subject site is along the FEC Rail Corridor is being considered as a potential commuter rail stop. Additionally, Barry University’s College of Heath Sciences is currently located at the subject site.

Hollywood Blvd Area: 2.51 AcresZoning: Government Use Land Use: Regional Activity Center


Jorge Camejo, Hollywood CRA [email protected]

Area:Zoning:Land Use:

17.5 AcresPlanned Development DistrictTransit Oriented Development

Development Rights

299,000 Sq Ft Office300,000 Sq Ft Commercial150-Room Hotel550 Mid-Rise Residential Units

95SOUTH

NORTH

SHERIDAN STREET 46,000 ADT

274,000 A

DT

TAFT STREET

PLANNEDRESIDENTIAL

DEVELOPMENT

SHERIDAN STREETTRI-RAIL STATION

COMMUNITYPARK

TRI-RAIL CSX LINE

FLORID

A’S TURNPIKE

STIRLING RD

SHERIDAN ST

HOLLYWOOD BLVD

GRIFFIN RD

PEMBROKE RD

HALLANDALE BEACH BLVD

FORT LAUDERDALEHOLYWOOD

INTERNATIONALAIRPORT

PORT EVERGLADES

95

US 1

A1A

SR 7

595N

Sheridan Station TOD

Department of Community & Economic Development2600 Hollywood Boulevard

Hollywood, FL 33020954.921.3271

Under contract

South Park Road Site

The City of Hollywood owns property along South Park Road with easy access to major transportation routes (Hollywood Boulevard to the north, Interstate 95 to the east and Pembroke Road to the south). The site is a designated brownfield and may be eligible for state incentives for clean-up and redevelopment. The City will entertain proposals for the purchase of the property.

Location: Generally located northwest of

Area: Approx. 30.6 AcresZoning: Government Use


P. 29




HOLLYWOOD BLVDPINES BLVD

WASHINGTON ST

PEMBROKE RD

SHERIDAN STSHERIDAN ST SHERIDAN ST

STIRLING RDSTIRLING RD

GRIFFIN RD

ORANGE DR

GRIFFIN RD

2

3

95

595

9

10

14

E

20

1

22

28

26

17

FORT LAUDERDALEHOLLYWOOD INT’L

AIRPORT

PORTEVERGLADES

11

21

12

7

18 16

19

15B

29

13

23A

25

N F

EDER

AL

HW

YS

FED

ERA

L H

WY

S D

IXIE

HW

YN

DIX

IE H

WY

HOLLYWOOD BLVD

TAFT STTAFT ST

JOHNSON ST

N P

AR

K R

DS

PAR

K R

D

N 5

6 A

VE

N S

TATE

RD

7

UN

IVER

SITY

DR

UN

IVER

SITY

DR

S ST

ATE

RD

7

S 56

AV

E

DANIA BEACH BLVD

DAVIE RD EXT

D

27

STATE RD 84

FLORID

A’S TP

KEFL

OR

IDA

’S T

PKE

DA

VIE

RD

DAV

IE R

D

C

HALLANDALE BEACH BLVD

5

8

24

4

6

Sage Beach

Sunset Harbor

Positano Beach

Seaside Village

Sol Van Buren

JED Tower

Jackson Street Apartments

Parc Station Apartments

The Preserve at Emerald Hills

Parkview at Hillcrest

Stirling Village Apartments

Hyde Resort & Residences

Hyde Beach House

Costa Hollywood

Hollywood Circle

Young Circle Commons

H3 Hollywood

Scott Street Hotel

Margaritaville Hollywood

Scott Street Hotel

West Lake Commons

Quantum Marine Headquarters

Shoppes at 57th Avenue

Toyota of Hollywood

The Place at Hollywood

Regional Activity Center

Community Redevelopment Districts

Complete Streets Projects

CRA Public Parking Garage

Port Everglades ICTF

Airport Parking Garage

South Park Road Site

Adams Street Site

University Station

MIXED USE

31

13

A

1615

27

E

11

22

94

25

C

18

24

5

82

21

B

1719

28

12

23

1014

26

D

6

20

29

7

P. 30



City of Hollywood

Economic Development2600 Hollywood Boulevard

Hollywood, FL 33020954.921.3620

Community Redevelopment Agency1948 Harrison Street

Hollywood, FL 33020954.924.2980

www.choosehollywoodfl.com

The City of Hollywood makes reasonable efforts to ensure the accuracy of this publication recognizing the content is subject to change. All information based on Quarter 3 - 2017 data.

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DEMOGRAPHICS1903 Hollywood Blvd | Hollywood, FL 33020


Population Characteristic 1 Mile 3 Mile 5 MileAges 0-4 1,204 5,528 14,392Ages 5-9 1,497 7,106 18,467Ages 10-14 1,351 6,649 17,378Ages 15-19 1,227 6,183 16,508Ages 20-24 1,293 6,091 16,295Ages 25-29 1,390 6,181 16,249Ages 30-34 1,608 6,656 16,890Ages 35-39 1,853 7,640 18,550Ages 40-44 2,117 8,801 20,767Ages 45-49 2,287 9,774 22,443Ages 50-54 2,242 9,716 22,131Ages 55-59 2,048 9,245 20,761Ages 60-64 1,724 8,401 18,658Ages 65-69 1,370 7,394 16,084Ages 70-74 1,028 6,423 13,660Ages 75-79 727 5,502 11,318Ages 80-84 460 4,392 8,781

Household Income 1 Mile 3 Mile 5 MileMedian Household Income $35,860 $44,380 $48,325< $10000 1,109 5,927 11,319$10000-$14999 1,006 4,062 8,175$15000-$19999 1,004 4,729 8,267$20000-$24999 886 3,869 7,699$25000-$29999 1,270 4,441 8,481$30000-$34999 923 3,395 7,673$35000-$39999 842 3,368 7,043$40000-$44999 864 3,427 7,132$45000-$49999 570 2,999 5,866$50000-$60000 730 4,631 10,960$60000-$74000 1,049 5,430 12,777$75000-$99999 873 5,880 13,923$100000-$124999 688 3,591 8,362$125000-$149999 272 1,833 4,326$150000-$199999 181 1,678 4,043> $200000 145 1,730 5,218

Race Characteristic 1 Mile 3 Mile 5 MileNon Hispanic White 18,106 97,479 217,366Population Black 6,100 25,563 68,618Population Am In/AK Nat 23 41 473

Characteristic Housing 1 Mile 3 MileHousing Units 15,812 84,665Occupied Housing Units 12,880 63,089Owner Occupied Housing Units 4,520 34,653Renter Occupied Housing Units 8,360 28,436Vacant Housing Units 2,932 21,576

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Population 1 Mile 3 Mile 5 MileMale 13,419 (50.87 %) 63,100 (48.18 %) 146,939 (47.92 %)Female 12,961 (49.13 %) 67,865 (51.82 %) 159,698 (52.08 %)Total Population 26,380 130,965 306,637

Age Breakdown 1 Mile 3 Mile 5 MileAges 0-4 1,204 (4.56 %) 5,528 (4.22 %) 14,392 (4.69 %)Ages 5-9 1,497 (5.67 %) 7,106 (5.43 %) 18,467 (6.02 %)Ages 10-14 1,351 (5.12 %) 6,649 (5.08 %) 17,378 (6.02 %)Ages 15-19 1,227 (4.65 %) 6,183 (4.72 %) 16,508 (5.38 %)Ages 20-24 1,293 (4.90 %) 6,091 (4.65 %) 16,295 (5.31 %)Ages 25-29 1,390 (5.27 %) 6,181 (4.72 %) 16,249 (5.30 %)Ages 30-34 1,608 (6.10 %) 6,656 (5.08 %) 16,890 (5.51 %)Ages 35-39 1,853 (7.02 %) 7,640 (5.83 %) 18,550 (6.05 %)Ages 40-44 2,117 (8.03 %) 8,801 (6.72 %) 20,767 (6.77 %)Ages 45-49 2,287 (8.67 %) 9,774 (7.46 %) 22,443 (7.32 %)Ages 50-54 2,242 (8.50 %) 9,716 (7.42 %) 22,131 (7.22 %)Ages 55-59 2,048 (7.76 %) 9,245 (7.06 %) 20,761 (6.77 %)Ages 60-64 1,724 (6.54 %) 8,401 (6.41 %) 18,658 (6.08 %)Ages 65-69 1,370 (5.19 %) 7,394 (5.65 %) 16,084 (5.25 %)Ages 70-74 1,028 (3.90 %) 6,423 (4.90 %) 13,660 (4.45 %)Ages 75-79 727 (2.76 %) 5,502 (4.20 %) 11,318 (3.69 %)Ages 80-84 460 (1.74 %) 4,392 (3.35 %) 8,781 (2.86 %)Ages 85+ 954 (3.62 %) 9,283 (7.09 %) 17,305 (5.64 %)

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Household Income 1 Mile 3 Mile 5 MileMedian Income $35,860 $44,380 $48,325Less than $10,000 1,109 5,927 11,319$10,000 -$14,999 1,006 4,062 8,175$15,000 - $19,999 1,004 4,729 8,267$20,000 -$24,999 886 3,869 7,699$25,000 - $29,999 1,270 4,441 8,481$30,000 - $34,999 923 3,395 7,673$35,000 - $39,999 842 3,368 7,043$40,000 - $44,999 864 3,427 7,132$45,000 - $49,999 570 2,999 5,866$50,000 - $59,999 730 4,631 10,960$60,000 - $74,999 1,049 5,430 12,777$75,000 - $99,999 873 5,880 13,923$100,000 - $124,999 688 3,591 8,362$125,000 - $149,999 272 1,833 4,326$150,000 - $199,999 181 1,678 4,043Greater than $200,000 145 1,730 5,218

Housing 1 Mile 3 Mile 5 MileHousing Units 15,812 84,665 173,151Occupied Units 12,880 63,089 133,351Owner Occupied Units 4,520 34,653 81,549Renter Occupied Units 8,360 28,436 51,802Vacant Units 2,932 21,576 39,800

Race Demographics 1 Mile 3 Mile 5 MilePopulation Non Hispanic White 18,106 97,479 217,366Population Black 6,100 25,563 68,618Population Am In/Ak Nat 23 41 473

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