6 Unit Apartment Building in desirable East Hollywood ...€¦ · TABLE OF CONTENTS Property...

6 Unit Apartment Building indesirable East Hollywood, Florida

Price: $750,000

6 very well maintained unitsEasy to manage

100% historic occupancy8.84% Pro-Forma Capitalization Rate

6 UNIT MULTIFAMILY PROPERTY

1841 ADAMS ST • HOLLYWOOD, FL 33020

4151 Hollywood Blvd | Hollywood, FL 33020 | Phone: (954) 361-0000 | Fax: (954) 361-0070 | www.DeMarcoGroup.com

John DeMarco, CCIMBroker / Owner

9544531000

[email protected]

The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections and analysis. The informationprovided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or other professional advice, consultation or service. The user of thissoftware should consult with a professional in the respective legal, accounting, tax or other professional area before making any decisions.

TABLE OF CONTENTSProperty Summary 3

Property Description 4

Property Photos 5

Unit Mix Report 6

Pro Forma Summary 7

Sale Comparables 9

Areal map 19

Location Map 20

Business Map 21

Detailed Demographics 22

Hollywood Florida 24

Hollywood Development Activity 27

PROPERTY SUMMARY

Property Summary

Type: MultiFamily

Price: $750,000

Units 6

Price per Unit: $125,000

Building Size: 2,763 Sq.Ft.

Lot Size: 8,183 Sq. Ft.

Occupancy: 100%

Gross Income: $54,000

Operating Expenses: $13,450

Net Income: $40,550

Actual CAP Rate: 5.40%

Projected NOI: $66,350

ProForma Cap Rate: 8.84%

About Hollywood

Hollywood has steadily grown into a dynamic business hub with morethan 10,000 companies located within the city. Approximately 80percent of Port Everglades, the world's secondbusiest cruise port, islocated in Hollywood and the port is home to Royal Caribbean's Allureof the Seas and Oasis of the Seas, the largest cruises liners in theworld. Hollywood also provides easy access to FortLauderdale/Hollywood International Airport and Miami InternationalAirport, a major gateway to Latin America, Hollywood is also a home tothe Memorial Healthcare System, the nation's fifthlargest healthcarenetwork.

Economy Overview

The Hollywood Submarket has attracted a fair amount of apartmentdevelopment over the past five years. The submarket's lower thanmetroaverage rents made the area popular with renters that wantaffordable alternatives to Downtown Fort Lauderdale or expensivepremier suburban submarkets that lie to the west, such as PembrokePines/West Miramar. Close to 1,000 units came to market over thepast five years, increasing the submarket's inventory by 10%. About340 units are currently in the works. The new supply thus far has notadversely affected the market. During this time there was a record rentsand near record low vacancies. Investors are attracted to thissubmarket as pricing generally remained below the metro average overthe past five years. Most deals over the past few quarters involved 2and 3 Star buildings. As this submarket has grown over the pastdecade, it has consistently gained popularity with some nationalinstitutional investors.

Page 03

PROPERTY DESCRIPTION

1841 Adams St Hollywood FL John DeMarco with RE/MAX 5 Star Realty is pleased to present the sale of 1841 Adams St Hollywood FL 33020. Thesubject property consists of five 1B/1B and one large studio; the total building size is 2,763 SF, well situated on a large8,183 sf lot. All apartments are leased and in overall excellent condition. Most of the units have been renovated in last 2years including new bathrooms, flooring, paint, impact windows, and new roof.

The apartments are leased between $700.00 $900.00 per month, grossing $54,000 per year. After all expenses thisproperty is netting $40,550 per year providing an investor with an 5.00% actual capitalization rate at full asking price. a newowner can increase current rents to $950$1,150 per month which would raise the net income to $66,350 per yearproviding a 8.84% capitalization rate on a proforma basis.

This location is considered to be in an excellent residential leasing area. The average days to lease an apartment in thisneighborhood is less than 7 days. This location is very desirable in Hollywood Downtown area and only 2.6 miles away fromHollywood Beach. Rental demand continues to be very strong in 2020. The region's population grew by 362,800 over thepast five years with 75% of the increase attributable to people moving here. South FL will see a positive net migration of5.7%.

This property is priced to sell well below market value at only $125,00 per unit. See enclosed recent comparable salesaveraging $131,997 per unit.

Excellent opportunity to invest in the rapidly appreciating south Florida multifamily market.

Page 04

PROPERTY PHOTOS Page 05

UNIT MIX REPORT

Units Type Approx. SqFt Avg. Rents Monthly Mkt Rents Monthly

1 1B/1B 0 $700.00 $700.00 $1,150.00 $1,150.00

1 1B/1B 0 $900.00 $900.00 $1,150.00 $1,150.00

1 1B/1B 0 $700.00 $700.00 $1,150.00 $1,150.00

1 1B/1B 0 $800.00 $800.00 $1,150.00 $1,150.00

1 1B/1B 0 $800.00 $800.00 $1,150.00 $1,150.00

1 Studio 0 $600.00 $600.00 $900.00 $900.00

6 0 $4,500.00 $6,650.00

UNIT MIX UNIT MIX SQUARE FEET

● 1B/1B

● 1B/1B

● 1B/1B

● 1B/1B

● 1B/1B

● Studio

● 1B/1B

● 1B/1B

● 1B/1B

● 1B/1B

● 1B/1B

● Studio

UNIT MIX INCOME UNIT MIX MARKET INCOME

● 1B/1B

● 1B/1B

● 1B/1B

● 1B/1B

● 1B/1B

● Studio

● 1B/1B

● 1B/1B

● 1B/1B

● 1B/1B

● 1B/1B

● Studio

Page 06

PRO FORMA SUMMARY

Income

Description Actual Per Unit Market Per Unit

Gross Potential Rent $54,000 $9,000 $79,800 $13,300

Less: Vacancy $0 $0 $0 $0

Effective Gross Income $54,000 $9,000 $79,800 $13,300

Operating Expenses

Description Actual Per Unit Market Per Unit

Building Insurance $1,560 $260 $1,560 $260

Taxes Real Estate $7,690 $1,282 $7,690 $1,282

Trash Removal $1,500 $250 $1,500 $250

Utility Water $2,100 $350 $2,100 $350

Utility Lawn $600 $100 $600 $100

Total Expenses ($13,450) ($2,242) ($13,450) ($2,242)

Net Operating Income $40,550 $6,758 $66,350 $11,058

Page 07

PRO FORMA SUMMARY

Unit Mix & Annual Scheduled Income

Type Units Actual Total Market Total

1B/1B 1 $8,400 $8,400 $13,800 $13,800

1B/1B 1 $10,800 $10,800 $13,800 $13,800

1B/1B 1 $8,400 $8,400 $13,800 $13,800

1B/1B 1 $9,600 $9,600 $13,800 $13,800

1B/1B 1 $9,600 $9,600 $13,800 $13,800

Studio 1 $7,200 $7,200 $10,800 $10,800

Totals 6 $54,000 $79,800

Annualized Income

Description Actual Market

Gross Potential Rent $54,000 $79,800

Less: Vacancy $0 $0

Effective Gross Income $54,000 $79,800

Less: Expenses ($13,450) ($13,450)

Net Operating Income $40,550 $66,350

Annualized Expenses

Description Actual Market

Building Insurance $1,560 $1,560

Taxes Real Estate $7,690 $7,690

Trash Removal $1,500 $1,500

Utility Water $2,100 $2,100

Utility Lawn $600 $600

Total Expenses $13,450 $13,450

Expenses Per RSF $13,449.73 $13,449.73

Expenses Per Unit $2,242 $2,242

Investment Summary

Price $750,000

Year Built 1981

Units 6

Price/Unit $125,000

RSF 1

Price/RSF $750,000.00

Lot Size 8,183 sf

Floors 1

APN 5142 15 01 6690

Cap Rate 5.41%

Market Cap Rate 8.85%

GRM 13.89

Market GRM 9.4

Page 08

SALE COMPARABLES

1 204 SE 4th St SOLD

51-42-27-16-0410

Hallandale Beach, FL 33009

Sale Date:

Pro Forma CapRate:

Price/SF:Sale Price:

Actual Cap Rate:

$208.33$585,00011/16/2018 Bldg Type:

Year Built/Age:RBA:

--

Parcel No:

Public Record

Class C Multi-FamilyApartmentsBuilt 1961 Age: 572,808 SF

Broward County

Research Status:

Price/Unit: $146,250 # of Units: 4

GRM/GIM: -Sale Conditions: -

Comp ID: 4616837

2 915 NE 8th St - Park Terrace SOLD

51-42-22-13-1970

Hallandale Beach, FL 33009

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:

$203.79$2,225,000 - Confirmed11/25/2019 (131 days on mkt) Bldg Type:

Year Built/Age:RBA:

-5.72%

Parcel No:

Confirmed


Broward County

Research Status:



Comp ID: 4963008

3 22 SE 10th Ter SOLD

51-42-03-13-0160

Dania Beach, FL 33004

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:

$97.85$592,00008/13/2019 Bldg Type:

Year Built/Age:RBA:

--

Parcel No:

Public Record


Broward County

Research Status:



Comp ID: 4877744

4 1721-1725 SW 11th Ct SOLD

50-42-09-13-0540

Fort Lauderdale, FL 33312

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:

$148.16$619,90001/28/2020 Bldg Type:

Year Built/Age:RBA:

--

Parcel No:

Public Record


Broward County

Research Status:



Comp ID: 5069028


51-42-03-13-0020

DANIA BEACH, FL 33004

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:


Year Built/Age:RBA:

-5.23%

Parcel No:

Confirmed


Broward County

Research Status:



Comp ID: 4726109

6 909 SE 14th Ct SOLD

50-42-14-03-1501


Sale Date:

Pro Forma CapRate:


Actual Cap Rate:


Year Built/Age:RBA:

-6.20%

Parcel No:

Confirmed


Broward County

Research Status:



Comp ID: 4864875

Copyrighted report licensed to RE/MAX 5 Star Realty - 995182. 8/7/2020

Page 1

Page 09

SALE COMPARABLES

7 1708 N 16th Ave SOLD

51-42-10-40-0130

Hollywood, FL 33020

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:

$167.62$555,00003/11/2019 Bldg Type:

Year Built/Age:RBA:

--

Parcel No:

Public Record


Broward County

Research Status:



Comp ID: 4712539

8 624 SW 16th Ave SOLD

50-42-09-03-0030


Sale Date:

Pro Forma CapRate:


Actual Cap Rate:

$79.49$567,10005/15/2019 Bldg Type:

Year Built/Age:RBA:

--

Parcel No:

Public Record

Class C Multi-FamilyApartments-7,134 SF

Broward County

Research Status:



Comp ID: 4775668


50-42-15-10-3940


Sale Date:

Pro Forma CapRate:


Actual Cap Rate:

$170.26$710,00007/23/2020 Bldg Type:

Year Built/Age:RBA:

--

Parcel No:

Public Record


Broward County

Research Status:



Comp ID: 5199580

10 4601 SW 32nd Ave SOLD

50-42-30-01-0190


Sale Date:

Pro Forma CapRate:


Actual Cap Rate:

$105.07$750,000 - Confirmed03/05/2019 (341 days on mkt) Bldg Type:

Year Built/Age:RBA:

-7.03%

Parcel No:

Confirmed


Broward County

Research Status:



Comp ID: 4698027

11 401 N Dixie Hwy SOLD

51-42-22-04-0020

Hallandale, FL 33009

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:

$254.05$1,050,000 - Confirmed03/13/2019 Bldg Type:

Year Built/Age:RBA:

-9.83%

Parcel No:

Confirmed


Broward County

Research Status:


GRM/GIM: -Sale Conditions: 1031 Exchange

Comp ID: 4716484

12 2019 Jackson St - Jackson Street Apartments SOLD

51-42-15-01-1060

Hollywood, FL 33020

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:


Year Built/Age:RBA:

-6.05%

Parcel No:

Confirmed

Class C Multi-FamilyApartmentsBuilt 1969 Renov 1998 Age: 4917,911 SF

Broward County

Research Status:



Comp ID: 4530718


Page 2

SALE COMPARABLES

13 1825 Johnson St SOLD

51-42-10-14-0220

Hollywood, FL 33020

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:

$190.99$2,500,000 - Full Value03/16/2019 Bldg Type:

Year Built/Age:RBA:

--

Parcel No:

Full Value


Broward County

Research Status:



Comp ID: 4708056

14 1935-1947 Lincoln St SOLD

51-42-15-01-2750

Hollywood, FL 33020

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:

$210.46$700,00004/24/2019 Bldg Type:

Year Built/Age:RBA:

--

Parcel No:

Public Record

Class B Multi-FamilyApartmentsBuilt 1950 Age: 693,326 SF

Broward County

Research Status:



Comp ID: 4759728

15 1639 Madison St SOLD

51-42-15-04-0040

Hollywood, FL 33020

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:


Year Built/Age:RBA:

-6.50%

Parcel No:

Confirmed


Broward County

Research Status:



Comp ID: 4701887

16 2300 Pierce St - Floral Villa SOLD

51-42-16-01-4230

Hollywood, FL 33020

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:


Year Built/Age:RBA:

-6.00%

Parcel No:

Confirmed


Broward County

Research Status:



Comp ID: 4708064

17 1536-1538 Polk St - Carlton House SOLD

51-42-15-02-4070

Hollywood, FL 33020

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:


Year Built/Age:RBA:

-6.61%

Parcel No:

Confirmed


Broward County

Research Status:



Comp ID: 4952383

18 1942 Rodman St SOLD

51-42-22-10-1590

Hollywood, FL 33020

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:

$154.10$680,50012/02/2019 Bldg Type:

Year Built/Age:RBA:

--

Parcel No:

Public Record


Broward County

Research Status:



Comp ID: 4986215


Page 3

SALE COMPARABLES

19 1840-1844 Taft St SOLD

51-42-10-25-0370, 51-42-10-25-0380

Hollywood, FL 33020

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:


Year Built/Age:RBA:

--

Parcel No:

Confirmed


Broward County

Research Status:



Comp ID: 4685412

20 2319 Taylor St - Konefal Apartments SOLD

51-42-16-01-3840

Hollywood, FL 33020

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:

$117.81$1,225,000 - Full Value05/29/2020 Bldg Type:

Year Built/Age:RBA:

--

Parcel No:

Full Value


Broward County

Research Status:



Comp ID: 5154621

21 2325 Taylor St SOLD

51-42-16-01-3850

Hollywood, FL 33020

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:


Year Built/Age:RBA:

-7.88%

Parcel No:

Confirmed


Broward County

Research Status:



Comp ID: 4931226


Page 4

SALE COMPARABLES

Dollar Volume

Legend:

Current Survey

Sold Transactions21

$26,771,500Number of TransactionsTotal Dollar Volume

158,0326.46

Total Bldg Square FeetTotal Land in Acres

281,398194

Total Land in SFTotal Units

$1,274,8337,525

Average PriceAverage Number of SF

$169.41$170.26

Average Price Per Bldg SFMedian Price Per SF

0.3214,070

Average Number of AcresAverage Number of SF(Land)

$137,997$138,750

Average Price Per UnitMedian Price Per Unit

96.71%

Average Number of UnitsActual Cap Rate

SoldTransactions

-Average GRM

-Average GIM

Time Interval - Quarterly

Report Time Frame: 7/1/2018 - 8/7/2020

Trend Report


Page 5

SALE COMPARABLES

Average Price Per SF

Legend:

Current Survey

Sold Transactions21


158,0326.46


281,398194


$1,274,8337,525


$169.41$170.26


0.3214,070


$137,997$138,750


96.71%


SoldTransactions

-Average GRM

-Average GIM



Trend Report


Page 6

SALE COMPARABLES

Median Price Per SF

Legend:

Current Survey

Sold Transactions21


158,0326.46


281,398194


$1,274,8337,525


$169.41$170.26


0.3214,070


$137,997$138,750


96.71%


SoldTransactions

-Average GRM

-Average GIM



Trend Report


Page 7

SALE COMPARABLES

Average Price Per Unit

Legend:

Current Survey

Sold Transactions21


158,0326.46


281,398194


$1,274,8337,525


$169.41$170.26


0.3214,070


$137,997$138,750


96.71%


SoldTransactions

-Average GRM

-Average GIM



Trend Report


Page 8

SALE COMPARABLES

Trend Report

Sold Transaction Sold Transaction

3Q18 07/1-9/30/18 1Q19 01/1-3/31/19

Number of TransactionsTotal Dollar VolumeTotal Bldg Square FeetTotal Land in AcresTotal Land in SFTotal UnitsAverage 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 RateAverage GRMAverage GIM

4Q18 10/1-12/31/18 2Q19 04/1-6/30/19

Sold TransactionSold Transaction

1$3,300,000

17,9110.37

16,11724

$3,300,00017,911

$184.24$184.24

0.3716,117

$137,500$137,500

246.05%

--

1$585,000

2,8080.21

9,1484

$585,0002,808

$208.33$208.33

0.219,148

$146,250$146,250

4---

7$10,195,000

56,3982.11

91,91275

$1,456,4298,057

$180.77$190.99

0.3013,130

$135,933$131,250

117.34%

--

3$2,317,100

17,5361.03

44,86717

$772,3675,845

$132.13$148.39

0.5222,433

$136,300$140,000

65.23%

--

Sold Transaction Sold Transaction

3Q19 07/1-9/30/19 1Q20 01/1-3/31/20


4Q19 10/1-12/31/19 2Q20 04/1-6/30/20

Sold TransactionSold Transaction

3$3,484,000

25,2371.11

48,35225

$1,161,3338,412

$138.05$133.00

0.3716,117

$139,360$142,667

87.04%

--

3$4,335,500

19,3900.78

33,97727

$1,445,1676,463

$223.59$203.79

0.2611,326

$160,574$158,929

96.17%

--

1$619,900

4,1840.25

10,8904

$619,9004,184

$148.16$148.16

0.2510,890

$154,975$154,975

4---

1$1,225,000

10,3980.46

20,03813

$1,225,00010,398

$117.81$117.81

0.4620,038

$94,231$94,231

13---


Page 9

SALE COMPARABLES

Trend Report

3Q20 07/1-8/7/20


Sold Transaction

1$710,000

4,1700.14

6,0985

$710,0004,170

$170.26$170.26

0.146,098

$142,000$142,000

5---


Page 10

AREAL MAP

LOCATION MAP

BUSINESS MAP

DETAILED DEMOGRAPHICS

Population 1 Mile 3 Miles 5 Miles

Male 11,871 68,235 156,569

Female 11,540 74,258 171,575

Total Population 23,411 142,493 328,144

Housing 1 Mile 3 Miles 5 Miles

Total Units 14,647 92,257 185,755

Occupied 11,653 68,460 142,680

Owner Occupied 4,543 39,135 87,505

Renter Occupied 7,110 29,325 55,175

Vacant 2,994 23,797 43,075

Race 1 Mile 3 Miles 5 Miles

White 15,595 108,086 230,273

Black 5,873 26,005 76,422

Am In/AK Nat 19 39 92

Hawaiian 1 2 30

Hispanic 7,197 41,858 104,935

MultiRacial 3,668 14,902 36,470

DETAILED DEMOGRAPHICS

Age 1 Mile 3 Miles 5 Miles

Ages 04 1,040 5,982 15,415

Ages 59 1,267 7,632 19,755

Ages 1014 1,133 7,111 18,561

Ages 1519 1,040 6,619 17,628

Ages 2024 1,098 6,590 17,421

Ages 2529 1,195 6,733 17,378

Ages 3034 1,384 7,229 18,030

Ages 3539 1,604 8,240 19,755

Ages 4044 1,812 9,516 22,048

Ages 4549 1,931 10,556 23,795

Ages 5054 1,924 10,554 23,522

Ages 5559 1,776 10,083 22,103

Ages 6064 1,537 9,232 19,948

Ages 6569 1,280 8,144 17,274

Ages 7074 1,035 7,093 14,719

Ages 7479 769 6,087 12,227

Ages 8084 538 4,877 9,564

Ages 85+ 1,048 10,215 19,001

Income 1 Mile 3 Miles 5 Miles

Median $36,282 $44,380 $48,224

< $10,000 1,168 6,354 12,358

$10,000$14,999 937 4,482 8,905

$15,000$19,999 769 5,032 8,851

$20,000$24,999 642 4,236 8,206

$25,000$29,999 1,357 4,550 9,157

$30,000$34,999 731 3,698 8,197

$35,000$39,999 782 3,716 7,550

$40,000$44,999 855 3,762 7,556

$45,000$49,999 487 3,041 6,462

$50,000$60,000 694 4,782 11,656

$60,000$74,000 840 5,924 13,693

$75,000$99,999 805 6,410 14,883

$10,0000$124,999 597 3,889 8,775

$125,000$149,999 209 2,087 4,589

$150,000$199,999 190 1,950 4,180

> $200,000 136 2,392 5,636

HOLLYWOOD, FLORIDA

Location of Hollywood inBroward County Florida

Population:140,768

County:Broward

Area:30.73 sq mi (79.58 km2)

Median Household Income:Hollywood: $50,019Broward: $55,842

Median Property Value:Hollywood: $ 217, 100Broward: $ 260,700

Median Age:Hollywood: 42.1Broward: 40.2

Education:Hollywood is made up of 32 public andcharter schools with 13 private schools.The public schools are operated bythe Broward County Public Schools.

Climate:Subtropical; average rainfall: 62inches; average temperature: 75.4°;winter mean temperature: 66.5°;summer mean temperature: 84.2°

DEMOGRAPHICSThe city's age demographic shows a mixed population

with 21.3% under the age of 18, 7.0% from 18 to 24,

31.3% from 25 to 44, 23.1% from 45 to 64, and 17.3%

who were 65 years of age or older. The median age was

39 years. For every 100 females there were 94.1 males.

For every 100 women age 18 and over, there were 90.9

men.

As of 2000, Hollywood had the seventy-fifth highest

percentage of Cuban residents in the U.S., at 4.23% of

the city's population, and the sixty-fifth highest

percentage of Colombian residents in the US, at 2.26%

of the city's population. It also had the fifty-seventh

highest percentage of Peruvian residents in the US, at

1.05% of the city's population and the twentieth highest

percentage of Romanian residents in the US, at 1.1% of

the its population. As of 2000, speakers of English as

a first language accounted for 66.94% of

residents, Spanish accounted for 21.62%, French made

up 2.06%, French Creole consisted of 1.32% of the

population.

The median income for a household in the

city was $40,714, and the median income for a family

was $55,849.

OUR LOCATIONHollywood, Florida is ideally located between two major International airports. The Fort Lauderdale/Hollywood International Airport is just

a short 10-minute drive, and the Miami International Airport is located just 30 minutes South. Hollywood is a popular driving destination,

which is easily accessible from several major Interstates and highways such as I-95, I-75 and Florida’s Turnpike. Port Everglades, the

world’s premier cruise port is located just 10 minutes away, serves nearly 20 cruise lines. Additionally, the 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. Hollywood stands at the most advantageous location, where everything is

located no more than a 10-minute drive. According to the United States Census Bureau, the city has a total area of 30.8 square miles (80

km2), of which 27.34 square miles (71 km2) is land and 3.46 square miles (9km2) is water (11.23%). Hollywood is located in southeastern

Broward County, and includes approximately 5 to 6 miles ofAtlantic Ocean-beach, interrupted briefly by a portion deeded to Dania

Beach.

HOLLYWOOD BEACH

Hollywood Beach has a broad-walk which extends about

2.5 miles along the Atlantic Ocean Parking is available on

side streets or in parking garages for a fee, and public

trolleys run through the day. Restaurants and hotels line the

broad-walk along with a theatre, children's playground, and

other attractions including bicycle rental shops, ice cream

parlors, souvenir shops, and a farmer's market. The broad-

walk is used for walking and jogging, and there is a bike

lane for bicyclists and rollerbladers.

YOUNG CIRCLE

Young Circle is another area surrounded by shops,

restaurants, and bars. A Food Truck Takeover occurs

every Monday, during which dozens of local food

trucks park and offer a variety of cuisines including

Cuban, Venezuelan, Mediterranean, Mexican,

Jamaican, and Peruvian foods in addition to

barbecue, burgers, gourmet grilled cheese, and

dessert trucks.

ART & CULTURE CENTER

DOWNTOWN HOLLYWOOD

Downtown Hollywood has various options for any budget and

taste. The growing arts and culture hub includes grand murals,

art installments, galleries and the unique ArtsPark at Young

Circle, which hosts weekly activities for families, foodies, art

enthusiasts, locals and visitors alike. It includes a 10-acre

family friendly park, outdoor musical performances, festivals,

visual art, fountains, free glass blowing demonstrations,

beautiful landscapes, sidewalk cafes in the area.

The Art and Culture Center of Hollywood presents

contemporary gallery exhibitions, live stage performances

and high-quality education programs for adults and

children. The Center fosters a creative environment where

new and challenging work can flourish through programs

that reflect the highest standards of artistry and diversity.

The Downtown Hollywood Mural Project’s mission is to

beautify and add culture the Downtown area. You can

often watch the creation of a new mural during the Third

Saturday ArtWalk.

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.

CONTENTS

591113151619252730

CONTACT USOUR MISSIONEconomic Development

2600 Hollywood Boulevard • Hollywood, FL 33020954.921.3620

www.choosehollywoodfl.comRaelin Storey, [email protected]

Director, Communications, Marketing & Economic Development

Community Redevelopment Agency1948 Harrison Street • Hollywood, FL 33020

954.924.2980

Jorge Camejo, [email protected] 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:

• Confidential Project Management• Site Selection• Market Research + Data• Business Connections• Permitting + Regulatory• Economic Incentives

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 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.

• Office vacancy rates are trending lower and asking rents are up, yet Hollywood remains competitively priced for businesses seeking to relocate or expand while keeping costs down.

• Companies are choosing Hollywood 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.

• National tenants are locating in Hollywood and adding to its core retail market which continues to grow at a steady and sustainable pace with retail vacancies trending below 6%.

• The Place at Hollywood and Hollywood 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 million square feet of office 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.


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, Scalamandré, Stephen Turner, J Nelson, Judith Norman Now, Snaidero and Tiffany 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

Office MarketOccupancy

Total OfficeInventory

Sources: CBRE, CoStar


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 CVENT 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:

• Healthcare• Tourism + Hospitality• Aerospace/Aviation• Marine• Professional/Business Services• International Trade• Education + Technology

Are you considering a corporate relocation or are you an entrepreneur seeking the right environment for your start up? Hollywood offers affordable corporate office space to grow your business with trends showing an increase in the office rental market. The city works in partnership with private industry, economic development organizations and educational institutions to create the ideal conditions for business growth.

Healthcare+ Social

Assistance

Retail Trade Leisure +Hospitality

Administration+ SupportServices

Professional+ BusinessServices

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


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 foreign-trade zone and available office space 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


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 total passenger traffic and 13th in domestic 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 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 Organization’s 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 commercial and residential districts. Once completed in 2018, the State Road 7 expansion will feature six traffic lanes and incorporate 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 Ocean.

Rendering: FEC Corridor Complete Streets

Rendering: Federal Highway Complete Streets


DEVELOPMENT ACTIVITY | COMPLETEDDEVELOPMENT ACTIVITY | COMPLETED

Margaritaville Hollywood Beach Resort

Positano Beach

Parc Station

$200+MILLION

Development Delivered to Market Last Year

50,000SF

Retail + Restaurant+ Entertainment Space

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. ~ New York Times, April 2016


2. Meliã Costa Hollywood

Meliã Costa Hollywood 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.

Location: 777 North Ocean DriveDeveloper: Liberty Grande, LLCInvestment: $150 MillionWebsite: costahollywood.com

DEVELOPMENT ACTIVITY | UNDER CONSTRUCTION


DEVELOPMENT ACTIVITY | UNDER CONSTRUCTIONDEVELOPMENT ACTIVITY | COMPLETED

Hyde Resort & Residences

Hyde Resort & Residences brings Hyde style into a residential resort escape right at the edge of the Atlantic Ocean for the first time. 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.

Location: 4111 North Ocean DriveDeveloper: 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.

Location: 777 North Ocean DriveDeveloper: 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 four-story office building offers easy access to major highways, Fort Lauderdale-Hollywood International Airport and Port Everglades.

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


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.

Location: Stirling Road + SW 35th AvenueDeveloper: 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


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.

Location: 6024 North Ocean DriveDeveloper: 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 include a showroom, office, service area and a five-story parking garage.

Location: 1841 N State Road 7 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.

Location: 4000 South Ocean DriveDeveloper: PRH 4000 South OceanInvestment: $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


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

Location: 410 N Federal Highway Developer: JED Equities, LLCInvestment: $20 million

North Federal

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.

Location: 1203 N. Federal Highway Federal Highway north of Hollywood BoulevardArea: 0.45 Acres Zoning: C-2 - allows residential, hotel, retail, office and other usesLand Use: Regional Activity CenterADT: Federal Highway - 27,500 Vehicles

Contact: Shiv Newaldass, City of Hollywood [email protected]

DEVELOPMENT OPPORTUNITIES

Opportunities abound to be a part 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 Florida Real Estate Outlook


DEVELOPMENT OPPORTUNITIESDEVELOPMENT OPPORTUNITIES

Sheridan Station TOD

The Florida Department of Transportation is interested in a public-private partnership for the development of the Sheridan Street Park & Ride Lot owned by the FDOT and adjacent to the Tri-Rail station. Developer would construct, operate and maintain a mixed-use commercial/residential Transit Oriented Development while preserving the existing transportation-related facilities.

Location: Generally southwest of I-95 + Sheridan StreetArea: 17.5 AcresZoning: Planned DevelopmentLand Use: Transit Oriented DevelopmentADT: 320,000 Vehicles

Contacts: John Portera, FDOT [email protected]

Shiv Newaldass, City of Hollywood [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 between S 24th Ave + Dixie Hwy 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 are seeking proposals for a Transit Oriented 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.

Location: 309 N. 21st Ave/Dixie Highway East of FEC Railway + north of 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 Acres

Planned Development District

Transit Oriented Development

Development Rights

299,000 Sq Ft Oce

300,000 Sq Ft Commercial

150-Room Hotel

550 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


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 Pembroke Rd + South Park Rd.Area: Approx. 30.6 AcresZoning: Government UseADT: 61,000+ Vehicles



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

ED

ER

AL

HW

YS

FED

ER

AL

HW

Y

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

IVE

RSI

TY D

R

UN

IVE

RSI

TY D

R

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ATE

RD

7

S 56

AV

E

DANIA BEACH BLVD

DAVIE RD EXT

D

27

STATE RD 84

FLORID

A’S T

PKEFL

OR

IDA

’S T

PK

E

DA

VIE

RD

DA

VIE

RD

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

Nautilus Apartments

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

AutoNation Honda

Toyota of Hollywood

The Place at Hollywood

Regional Activity Center

Transit Oriented Corridor

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

North Federal

SIGNATURE DEVELOPMENT ACTIVITY

RESIDENTIAL

HOTEL

INFRASTRUCTURE + ZONING DEVELOPMENT OPPORTUNITIES

OTHER

COMMERCIAL

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

6 Unit Apartment Building in desirable East Hollywood ...€¦ · TABLE OF CONTENTS Property...

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