Watch Hyde Resort & Residences Hollywood Beach rise: VIDEO

All 40 condos have been sold

TRD MIAMI /
Mar.March 22, 2016 12:15 PM

Hyde Resort & Residences in Hollywood Beach is in the midst of topping off with a completion date for this fall.

The 40-story, beachfront tower will include 40 condominium units and 367 hotel rooms when it opens by the end of the year. Construction crews are expected to finish topping off the tower by April 1, according to a spokesperson.

Fortune International Group handled sales for the 40 units, which have been fully sold.

Residents of the condo-hotel will have access to Hyde Beach Kitchen + Cocktails, a three-story beach club on site. Sbe, a partner along with the Related Group and Fortune, will also release a select number of memberships open to non-residents, a spokesperson told The Real Deal. The beach club will feature food and beverage outposts, a Ciel spa and a poolside lounge. The hotel will be managed by hospitality company sbe, which has also partnered with Related to build the Hyde Hotel and Residences in Midtown Miami, along with the SLS and SLS Lux Hotel and Residences in Brickell.

In December 2014, the developers closed on a $102 million construction loan from the Blackstone Group. At the time, the project had an estimated sellout of $200 million. Units ranged from $600,000 to $1.8 million.

Hyde Resort & Residences’ neighbor, Hyde Beach House, is currently under construction. Prices for those units range from $400,000 to $1.3 million. It is 55 percent presold, according to a press release.


Related Articles

arrow_forward_ios
Jorge Pérez and Jon Paul Pérez with the Wynwood properties

Related Group pays $19M for Wynwood development site

Related Group pays $19M for Wynwood development site
Related Group’s Jorge Perez and 5400 Broken Sound Boulevard in Boca Raton (Credit: Google Maps)

Related, Rockpoint nab $69M construction loan for Boca Raton apartments

Related, Rockpoint nab $69M construction loan for Boca Raton apartments
From left: Gran Paraiso and Bayside Terrace Condo

Gran Paraiso construction debris rained down on Edgewater condo building, lawsuit alleges

Gran Paraiso construction debris rained down on Edgewater condo building, lawsuit alleges
Dave Folsom, president & CEO of Sotherly Hotels, and the DoubleTree Resort by Hilton Hollywood Beach at 4000 South Ocean Drive (Credit: Google Maps)

Hollywood DoubleTree’s $59M CMBS loan enters special servicing

Hollywood DoubleTree’s $59M CMBS loan enters special servicing
Rendering of Miramar Town Center with Jorge Pérez

Related moving forward with Miramar Town Center project

Related moving forward with Miramar Town Center project
Only 20% of Related Group’s commercial tenants paid rent in April

Only 20% of Related Group’s commercial tenants paid rent in April

Only 20% of Related Group’s commercial tenants paid rent in April
From left: David Weitz, Steve Wernick, Michael Lirtzman, Joe Furst, and Erik Rutter

Silicon Valley heads to Wynwood’s office market

Silicon Valley heads to Wynwood’s office market
Jorge Perez and Masoud Shojaee with  the Flats Apartments at CityPlace Doral (Credit: Google Maps)

Related, Shoma, PGIM sell Doral apartments for $100M amid coronavirus pandemic

Related, Shoma, PGIM sell Doral apartments for $100M amid coronavirus pandemic
arrow_forward_ios

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

Loading...