A developer has obtained approvals for a $125 million luxury residential development in Hollywood.
MG3 Development Group and partner Brookman Fels plan to begin construction are launch sales at the Preserve at Emerald Hills within the next three months, the Sun-Sentinel reported. Plans call for 117 single-family and townhomes on 32 acres along the north side of Stirling Road. Residences are priced between $600,000 and more than $1 million.
The Preserve site was previously a trailer park. A different developer, Coscan, had acquired the land in 2005. Coscan closed the park and cleared the site for future development. [Sun-Sentinel] — Eric Kalis