Prominent developers team up for Hollywood project

Related Group, Key International and 13th Floor to build condo-hotel on recently acquired site

TRD MIAMI /
Aug.August 19, 2014 10:30 AM

Developers the Related Group, Key International and 13th Floor Investments teamed up to acquire 2.4 waterfront acres in Hollywood through foreclosure.

The companies plan to build a mixed-use condo-hotel project on the 4000 South Ocean Drive property, according to a written statement released on Monday. Construction could begin in the second half of 2015. The site is directly across A1A from Related’s Apogee Beach and Hyde Resort & Residences projects.

“As the condo market continues to expand northward, from Sunny Isles and Bal Harbour, we are seeing great appreciation in our Hallandale and Hollywood developments,” said Carlos Rosso, president of Related’s Condominium Division.

This is the first partnership between Related and Miami-based Key and 13th Floor. But Key and 13th Floor are frequent collaborators. Their recent developments include 400 Sunny Isles in Sunny Isles Beach and 1010 Brickell in Miami’s Brickell area. — Eric Kalis


Related Articles

arrow_forward_ios
Charles and Daneen Stiefel with One Park Grove (Getty)

Pharma mogul Charles Stiefel buys Coconut Grove penthouse

Pharma mogul Charles Stiefel buys Coconut Grove penthouse
Alex Rodriguez, Tom Murphy, Jorge Pérez, Gil Dezer, and Jackie Soffer (Credit: Michael Loccisano/Getty Images)

Money in the bank: Here are the South Florida real estate players who got PPP loans

Money in the bank: Here are the South Florida real estate players who got PPP loans
Vladislav Doronin (Credit: Gesi Schilling via Wikipedia)

Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M

Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M
Seth Wise, Co-CEO of The Altman Companies, Altís Ludlam Trail

Altman scores $55M construction loan for Ludlam Trail project

Altman scores $55M construction loan for Ludlam Trail project
Joseph Swedroe (Corcoran, iStock)

Corcoran agent in Miami loses job over “racist and fear-based” marketing

Corcoran agent in Miami loses job over “racist and fear-based” marketing
Vanessa Grout with Vladislav Doronin

Vanessa Grout leaves Ugo Colombo’s firm to lead OKO Group’s real estate arm

Vanessa Grout leaves Ugo Colombo’s firm to lead OKO Group’s real estate arm
Rendering of the project with Jon Paul Pérez (top) and Jorge Pérez 

Related switches gears on Terminal Island project, now plans low-rise offices

Related switches gears on Terminal Island project, now plans low-rise offices
Edgardo Defortuna and a rendering of La Playa de Varadero

Not stopping for the pandemic: Fortune, Château could launch Sunny Isles project by year-end

Not stopping for the pandemic: Fortune, Château could launch Sunny Isles project by year-end
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...