search

The Real Deal Logo

Trending

HGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudTrump accused of making false statements about $50M Chicago tower loanTrump accused of making false statements about $50M Chicago tower loanLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aH-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boom
South Florida

Developer to invest $33M in Hollywood’s Liberia

Robert Fautz and Oakwood Plaza.
Robert Fautz and Oakwood Plaza.

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

Sign Up for the undefined Newsletter

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

Tags
Hollywood