Robert Fautz, whose firm turns rundown real estate into environmentally sustainable properties, plans to inject $33 million into Hollywood’s Liberia, once the city’s segregated African-American neighborhood.
Fautz plans to invest in commercial properties, affordable housing and a 90-loft mixed-used development with 16,000 square feet of retail space and a half-acre of green space. The $20 million mixed-use project has been dubbed Liberty Lofts Park, and Fauntz is currently seeking city approval for the project, according to the Daily Business Review
Fautz also plans to renovate the Rosewood Shops at 2910 North 22nd Avenue.
Hollywood-based Fautz Associates has offices in New York and Boston and a portfolio of 150 single-family homes, apartments and nearly 1 million square feet of industrial and commercial properties in Florida, according to the Daily Business Review. [DBR] – Christopher Cameron