6015-6023 Hollywood Blvd. - LoopNet

Each office independently owned and operated

6015-6023 Hollywood Blvd. 6015-6023 Hollywood Boulevard | Hollywood, FL 33024

JOHN DEMARCO, ACP, [email protected]

8,251 sf useable sf sitting on a large 29,998 sf lot.➢

Less than a mile West of the Florida Turnpike ➢

152 feet of business frontage on Hollywood Blvd. ➢

Actual net income is $169,099 per year providing a 5% capitalizationrate

➢

Pro-Forma Capitalization Rate is 7%➢

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

INVESTMENT DETAILS6015-6023 Hollywood Boulevard | Hollywood, FL 33024

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 April 2019

PROPERTYProperty 6015-6023 Hollywood Blvd. Property Address 6015-6023 Hollywood Boulevard

Hollywood, FL 33024

Year Built 1965

FINANCIAL INFORMATIONAll Cash

PURCHASE INFORMATIONProperty Type CommercialPurchase Price $2,990,000Tenants 3Total Rentable Sq. Ft. 8,251

LOANSType Debt Term Amortization Rate Payment LO CostsAll Cash

INCOME & EXPENSESGross Operating Income $201,480Monthly GOI $16,790Total Annual Expenses ($32,381)Monthly Expenses ($2,698)

P. 2

EXECUTIVE SUMMARY6015-6023 Hollywood Boulevard | Hollywood, FL 33024


Acquisition CostsPurchase Price, Points and Closing Costs $2,990,000Investment - Cash $0

Investment InformationPurchase Price $2,990,000Price per Tenant $996,667Price per Sq. Ft. $362.38

Income, Expenses & Cash FlowGross Scheduled Income $201,480Total Vacancy and Credits $0Operating Expenses ($32,381)Net Operating Income $169,099Debt Service $0Cash Flow Before Taxes $169,099

Financial Indicators

Debt Coverage Ratio N/ACapitalization Rate 5.66%Gross Income / Square Feet $24.42Gross Expenses / Square Feet ($3.92)Operating Expense Ratio 16.07%

P. 3

PROPERTY DESCRIPTION6015-6023 Hollywood Boulevard | Hollywood, FL 33024


6015-6023 Hollywood Blvd. FL 33024

John DeMarco with Re/Max 5 Star Realty is pleased to present the sale of 6015-6023 Hollywood Blvd. Hollywood FL.Located along a high traffic zone on Hollywood Blvd, positioned less than one mile from West of the Florida Turnpike atthe intersection of Hollywood Blvd. and State Road 7. The property is in the major redevelopment area on State Road 7and 441 corridor under the City of Hollywood's master plan to improve the infrastructure of Hollywood Blvd.

There are two adjoining parcels totaling 29,998 square feet with two buildings that have total of 8,251 leasable squarefeet. Currently the property has three tenants generating a net income of $169,099. The actual 5% capitalization rate atfull asking price. A new investor can re-tenant this property at current market rates with triple net leases, this wouldgenerate a 7% capitalization rate on a pro-forma basis.

Please remember to not disturb existing tenants, for additional information call listing Broker.

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PROPERTY PHOTOS6015-6023 Hollywood Boulevard | Hollywood, FL 33024


P. 5

TENANT MIX REPORT6015-6023 Hollywood Boulevard | Hollywood, FL 33024


Suite Tenants Approx. SqFt Avg. Rents Monthly Mkt Rents Monthly6023 6023 4661 $8,290 $8,290 $8,290 $8,2906015 A 6015 A 1794 $5,500 $5,500 $5,500 $5,5006015 B 6015 B 1794 $3,000 $3,000 $5,500 $5,5003 8,249 $16,790 $19,290

TENANT MIX TENANT MIX SQUARE FEET

● 6023● 6015 A● 6015 B

● 6023● 6015 A● 6015 B

TENANT MIX INCOME TENANT MIX MARKET INCOME

● 6023● 6015 A● 6015 B

● 6023● 6015 A● 6015 B

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PRO FORMA SUMMARY6015-6023 Hollywood Boulevard | Hollywood, FL 33024


TENANT ANNUAL SCHEDULED INCOME Tenant Actual Market

6023 $99,480 $99,4806015 A $66,000 $66,0006015 B $36,000 $66,000TOTALS $201,480 $231,480

ANNUALIZED INCOME Description Actual Market

Gross Potential Rent $201,480 $231,480Less: Vacancy $0 $0Effective Gross Income $201,480 $231,480Less: Expenses ($32,381) $0Net Operating Income $169,099 $231,480

ANNUALIZED EXPENSES Description Actual Market

Insurance $9,000 $0Taxes - Real Estate $23,381 $0Total Expenses $32,381 $0Expenses Per RSF $3.92 $0.00

INVESTMENT SUMMARY Price: $2,990,000Year Built: 1965Tenants: 3RSF: 8,251Price/RSF: $362.38Lot Size: 29,998 sfFloors: 1Cap Rate: 5.66%Market Cap Rate: 7.74%

P. 7

1 1300 Dixie Hwy SOLDHollywood, FL 33020 Broward County

Sale Date:

– Research Status:

Sale Price:$436.89$675,00005/19/2017 Bldg Type:

Year Built/Age:GLA:

Parcel No:Financing:

51-42-09-05-0050-

Public Record

RetailAuto Repair-1,545 SF

Land Area: -Price/SF:

3919567Comp ID:

2 900 N Sr 7 SOLDHollywood, FL 33021 Broward County

Sale Date:


PrFrma Cap Rate:

Sale Price:$884.96$900,000 - Confirmed08/29/2018 Bldg Type:

Zoning:

Year Built/Age:GLA:

-


51-41-12-05-2140$2,500,000 from Seller

Confirmed

RetailAuto DealershipBuilt 1966 Age: 521,017 SF

SR7 CCD-MHLand Area: 0.33 AC (14,375 SF)

Price/SF:

4506333Comp ID:

3 1955 S State Rd 7 SOLDDavie, FL 33317 Broward County

Sale Date:


PrFrma Cap Rate:

Sale Price:$423.14$2,450,000 - Confirmed06/06/2017 (167 days on mkt) Bldg Type:

Zoning:

Year Built/Age:GLA:

-


50-41-13-03-0400-

Confirmed


B-3, CountyLand Area: 0.71 AC (30,928 SF)

Price/SF:

3927001Comp ID:

Map Page: Trakker 29-R16

Copyrighted report licensed to RE/MAX 5 Star Realty - 995182.

Page 1

4 2095 N State Road 7 SOLDHollywood, FL 33021 Broward County

Sale Date:


PrFrma Cap Rate:

Sale Price:$401.17$1,230,000 - Approximate02/28/2017 Bldg Type:

Zoning:

Year Built/Age:GLA:

-


51-41-12-11-0392Down payment of $430,500 (35.0%)

Approximate


C-4, HollywoodLand Area: 0.56 AC (24,394 SF)

Price/SF:

3855087Comp ID:

5 4006 S State Road 7 SOLDMiramar, FL 33023 Broward County

Sale Date:


PrFrma Cap Rate:

Sale Price:$606.45$940,000 - Full Value04/01/2017 Bldg Type:

Zoning:

Year Built/Age:GLA:

-


51-41-25-13-0450, 51-41-25-13-0460$502,500 from Seller

Full Value


B-2Land Area: 0.32 AC (13,939 SF)

Price/SF:

4239415Comp ID:


Page 2

Dollar Volume

Legend:

Current SurveySold Transactions 5

$6,195,000Number of TransactionsTotal Dollar Volume

12,9681.92

Total Bldg Square FeetTotal Land in Acres

83,635$1,239,000

Total Land in SFAverage Price

2,594$477.71

Average Number of SFAverage Price Per Bldg SF

$436.890.48

Median Price Per SFAverage Number of Acres

20,909-

Average Number of SF(Land)Average Price Per Unit

--

Median Price Per UnitAverage Number of Units

-Actual Cap Rate

SoldTransactions

Time Interval - Quarterly

Report Time Frame: 1/1/2017 - 4/11/2019

Trend Report


Page 3

Trend Report

Sold Transaction

1Q17 01/1-3/31/17 3Q18 07/1-9/30/18

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

2Q17 04/1-6/30/17

Sold TransactionSold Transaction

1$1,230,000

3,0660.56

24,394$1,230,000

3,066$401.17$401.17

0.5624,394

----

3$4,065,000

8,8851.03

44,867$1,355,000

2,962$457.51$436.89

0.5222,433

----

1$900,000

1,0170.33

14,375$900,000

1,017$884.96$884.96

0.3314,375

----


Page 4

MAPS AND AERIALS6015-6023 Hollywood Boulevard | Hollywood, FL 33024

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.

P. 12

MAPS AND AERIALS6015-6023 Hollywood Boulevard | Hollywood, FL 33024

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.

P. 13

LOCATION MAP6015-6023 Hollywood Boulevard | Hollywood, FL 33024


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DEMOGRAPHICS6015-6023 Hollywood Boulevard | Hollywood, FL 33024


Population 1 Mile 3 Mile 5 Mile

Male 10,797 (48.87 %) 82,405 (48.08 %) 201,031 (47.96 %)

Female 11,297 (51.13 %) 88,975 (51.92 %) 218,163 (52.04 %)Total Population 22,094 171,380 419,194

Age Breakdown 1 Mile 3 Mile 5 Mile

Ages 0-4 1,249 (5.65 %) 9,898 (5.78 %) 23,642 (5.64 %)

Ages 5-9 1,627 (7.36 %) 12,607 (7.36 %) 29,937 (7.14 %)Ages 10-14 1,521 (6.88 %) 12,007 (7.01 %) 28,209 (7.14 %)Ages 15-19 1,474 (6.67 %) 11,550 (6.74 %) 27,153 (6.48 %)Ages 20-24 1,473 (6.67 %) 11,396 (6.65 %) 27,127 (6.47 %)Ages 25-29 1,468 (6.64 %) 11,078 (6.46 %) 26,696 (6.37 %)Ages 30-34 1,447 (6.55 %) 10,686 (6.24 %) 26,090 (6.22 %)Ages 35-39 1,494 (6.76 %) 10,807 (6.31 %) 26,293 (6.27 %)Ages 40-44 1,548 (7.01 %) 11,525 (6.72 %) 27,847 (6.64 %)Ages 45-49 1,582 (7.16 %) 12,100 (7.06 %) 29,467 (7.03 %)Ages 50-54 1,556 (7.04 %) 11,731 (6.85 %) 28,881 (6.89 %)Ages 55-59 1,409 (6.38 %) 10,596 (6.18 %) 26,798 (6.39 %)Ages 60-64 1,179 (5.34 %) 8,990 (5.25 %) 23,165 (5.53 %)Ages 65-69 888 (4.02 %) 7,196 (4.20 %) 18,784 (4.48 %)Ages 70-74 702 (3.18 %) 5,654 (3.30 %) 14,887 (3.55 %)Ages 75-79 506 (2.29 %) 4,246 (2.48 %) 11,267 (2.69 %)Ages 80-84 360 (1.63 %) 3,058 (1.78 %) 7,938 (1.89 %)Ages 85+ 611 (2.77 %) 6,255 (3.65 %) 15,013 (3.58 %)

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DEMOGRAPHICS6015-6023 Hollywood Boulevard | Hollywood, FL 33024


Household Income 1 Mile 3 Mile 5 Mile

Median Income $37,851 $46,829 $47,051

Less than $10,000 798 4,695 12,730$10,000 -$14,999 530 3,422 9,496$15,000 - $19,999 470 3,559 9,158$20,000 -$24,999 667 3,832 9,476$25,000 - $29,999 554 4,020 10,186$30,000 - $34,999 800 3,830 9,674$35,000 - $39,999 435 3,502 9,175$40,000 - $44,999 317 2,878 8,733$45,000 - $49,999 440 3,063 7,609$50,000 - $59,999 909 5,718 13,907$60,000 - $74,999 822 6,758 16,818$75,000 - $99,999 566 7,689 17,708$100,000 - $124,999 373 3,732 9,684$125,000 - $149,999 160 1,801 4,424$150,000 - $199,999 115 1,665 4,077Greater than $200,000 100 1,188 2,957

Housing 1 Mile 3 Mile 5 Mile

Housing Units 8,264 67,987 181,019

Occupied Units 7,374 61,099 158,887Owner Occupied Units 4,052 39,695 100,242Renter Occupied Units 3,322 21,404 58,645Vacant Units 890 6,888 22,132

Race Demographics 1 Mile 3 Mile 5 Mile

Population Non Hispanic White 13,704 95,801 223,898

Population Black 5,942 59,581 161,524Population Am In/Ak Nat 5 471 542

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CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 1

DEVELOPMENT ACTIVITY


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.

CONTENTS591113151621252730

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


COMMERCIAL MARKETS

From its beaches, to its lively downtown, to its distinctive neighborhoods, Hollywood is a 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 4%.

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 94%.

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.


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 3% with average asking rents at $10.31 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

3% with average asking rents at $10.31—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.

92.1%

5.9MILLION SF

InventorySources: CBRE, CoStar

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

Margaritaville Hollywood Beach Resort


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 components.Diplomat Resort & Spa - ranked among the top 20 most popular meeting resorts by

Chewy.com - the online pet retailer recently brought its customer service center to Hollywood. 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:

Professional Services/Info Tech

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

80,000+

LABORFORCE

1MHOLLYWOOD

BROWARDCOUNTY

82,000+EMPLOYEES INHEALTH CARE &

SOCIAL ASSISTANCE

13,000LIFE SCIENCEWORKERS

80,000INFORMATION & COMMUNICATIONTECHNOLOGY WORKERS

29% BACHELOR’S DEGREE OR HIGHER

40COLLEGES &UNIVERSITIES

46,000+AVIATION WORKERS

80,000+

LABORFORCE

1MHOLLYWOOD

BROWARDCOUNTY

82,000+EMPLOYEES INHEALTH CARE &

SOCIAL ASSISTANCE

13,000LIFE SCIENCEWORKERS

80,000INFORMATION & COMMUNICATIONTECHNOLOGY WORKERS

Source: Greater Fort Lauderdale Alliance


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


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.


URBAN DESIGN + INFRASTRUCTURE

Welcoming + Accessible Complete StreetsConstruction is underway on the City’s first Complete Streets project—Hollywood Boulevard from City Hall east to Dixie Highway. This project will be the Broward

flagship project serving as a 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. Rezoning of this area has been completed to allow for mixed use development and increased density and intensity of uses.

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


DEVELOPMENT ACTIVITY | COMPLETEDDEVELOPMENT ACTIVITY | COMPLETED

Hyde Resort and Residences

$200+MILLION

Development Delivered

50,000SF

Approximately $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.

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.

Quantum Marine Corporate Headquarters


DEVELOPMENT ACTIVITY | COMPLETEDDEVELOPMENT ACTIVITY | COMPLETED

Hollywood Circle

Hollywood Circle will be a 25-story, mixed-use development located in the center of Downtown

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

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


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


DEVELOPMENT ACTIVITY | UNDER CONSTRUCTIONDEVELOPMENT ACTIVITY | COMPLETED

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. Phase I is nearing completion with homeowners moving in while Phase II gets underway

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

2165 Van Buren StreetThis project 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 Street

304-space public parking garage to Hollywood

be an eight level, 128,542 SF garage with Real-Time Parking Space Availability Counter System, ParkMobile and Pay-By-Plate options, eight handicap accessible spots for disabled drivers, and two electric vehicle charging stations.

Construction Contractor: Kaufman Lynn Website: www.kaufmanlynn.com

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. Phase I is nearing completion with homeowners moving in while Phase II gets underway

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


DEVELOPMENT ACTIVITY | UNDER CONSTRUCTIONDEVELOPMENT ACTIVITY | UNDER CONSTRUCTION

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 about 7.5 acres. It will

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


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

Commons

an approved mixed-use development located at the southwest corner of Hollywood

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


DEVELOPMENT ACTIVITY | PLANNED 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

development located at 1955 Tyler Street in Downtown Hollywood. The development includes a three-story building with retail spaces on the ground floor and executive suites on the second and third floors.

th Avenue

Investment: $2 million

The Blue Building

The Blue Building is an approved mixed-use development located at 320-324 Minnesota Street in the Hollywood Beach area. The development includes a five-story building featuring hotel rooms on the second, third and

Location: 320-324 Minnesota StreetDeveloper: Marilyn Gallego and Aylee HallakInvestment: $3.1 million

located on the northeast corner of US-441 and

eight-story multi-family structure comprised of 180 units, Wawa gas station, Wendy’s restaurant and a storage facility.

Location: Developer: LL Hart Development LLCInvestment: $42 million


DEVELOPMENT ACTIVITY | PLANNED

Sintavia

Sintavia is an approved manufacturing facility located on the northeast corner of SW 25th Avenue and SW 39th Street, within Port 95 Commerce Park. The proposed two-story building encompasses

additive manufacturing process through its use of metal power bed fusion printers (3D metal printers), metallurgical laboratory, mechanical testing and CT scanners.

Location: 2500 SW 39th StreetDeveloper: Apogee Investment Partners LLCInvestment: $8.5 million

building near Memorial Regional Hospital South in Hollywood.

Location: 3701 Hillcrest DriveDeveloper: Jason L TobinInvestment: $4.6 million

DEVELOPMENT ACTIVITY | PLANNED

Parc Place

Parc Place is a planned mixed-use development located in Downtown Hollywood.

Location: 1727-1745 Van Buren, 1700 – 1716 Harrison Street,

Developer: MG3 Hollywood LLC


DEVELOPMENT ACTIVITY | PLANNED 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

Pinnacle at Peacefield

Pinnacle at Peacefield is an approved multi-family development comprised of 120 units qualified as affordable rental housing for seniors. The three-story building will be located in Hollywood’s Regional Activity Center District featuring associated parking, landscaping, and common recreational area and activity elements.

Location: Adams Street and South 24th Avenue and South Dixie HighwayDeveloper: Pinnacle at PeacefieldInvestment: $15 million


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]

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

Contact: [email protected]

Jorge Camejo, Hollywood CRA [email protected]

95SOUTH

NORTH

SHERIDAN STREET 46,000 ADT

274,000 A

DT

TAFT STREET

PLANNEDRESIDENTIAL

DEVELOPMENT

SHERIDAN STREETTRI-RAIL STATION

COMMUNITYPARK

TRI-RAIL CSX LINESouth 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


Be a part of the revitalization of a prime commercial corridor just blocks from bustling

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



HOLLYWOOD BLVDPINES BLVD

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Sage Beach

Positano Beach

Seaside Village

Sol Van Buren

JED Tower

Pinnacle at Peacefield

Parc Station Apartments

The Preserve at Emerald Hills

Parkview at Hillcrest

Hyde Resort & Residences

Hyde Beach House

Costa Hollywood

Hollywood Circle

2165 Van Buren Street

Parc Place

Margaritaville Hollywood

The Blue Building

West Lake Commons

Quantum Marine Headquarters

Shoppes at 57th Avenue

Toyota of Hollywood

The Place at Hollywood

Sintavia

Regional Activity Center

Community Redevelopment Districts

Complete Streets Projects

South Park Road Site

University Station

MIXED USE

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CRA Public Parking Garage

Port Everglades ICTF

Airport Parking Garage

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6015-6023 Hollywood Blvd. - LoopNet

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