The Real Deal Miami

About half of Hollywood condo-hotel is reserved

Related Group's project is second phase of Hyde Resort & Residences

August 01, 2015 09:00AM

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Renderings of the 40-story Hyde Beach House Hollywood

Renderings of the 40-story Hyde Beach House Hollywood

Miami-based Related Group has reservations for about half of the units in its planned 40-story second phase of the Hyde Resort & Residences, a condo-hotel under construction at the southern end of  Hollywood Beach.

The 40-story first phase is under construction at 4111 S. Ocean Drive. The sold-out condo-hotel development with 367 condo-hotel units and 40 residential-only units is expected to open sometime next year.

The 40-story second phase at 4000 South Ocean Drive, called Hyde Beach House Hollywood, will have 265 condo-hotel units and 77 units that will be year-round residences. Construction is scheduled to start next year and finish in 2018.

The head of Related Group’s condo division, Carlos Rosso, said buyers have reserved about half of the Beach House Hollywood units at prices from $430,000 to $1 million.

In addition to the Hollywood projects, Related has two other condo-hotel project in Broward County: The 33-story Beachwalk Resort in Hallandale Beach opened May 1, and Related is planning a comprehensive renovation of the W Hotel & Residences in Fort Lauderdale starting next year. [Sun-Sentinel]Mike Seemuth