Pulte to build 645 homes at Hollywood’s Hillcrest Golf & Country Club

Two gated communities with homes and townhomes will be built on golf course land

TRD MIAMI /
May.May 27, 2016 02:15 PM

Pulte Group plans to build 645 homes, including townhouses and single-family homes, on two golf courses at the Hillcrest Golf & Country Club development in Hollywood. 

The 18-hole golf course at Hillcrest will be turned into a gated community with 256 townhouses and 238 single family homes. A second gated community will have 151 homes — 84 townhouses and 67 single-family homes. It will be built on a nine-hole golf course.

The Hollywood City Commission unanimously approved the project last week.  

Pulte plans to acquire the land for the development from Concord Wilshire Partners, which specializes in residential, resort and mixed-use development throughout the U.S., according to its website. Yet, Broward County property records show that United Association, a union of plumbers, fitters, welders and service techs, headquartered in Annapolis, Maryland, still owns the property. A source close to the deal said that Concord Wilshire has secured the right to buy the property from United Association.      

Pulte said it plans to close on the land purchase at Hillcrest on June 21 expects to break ground later that month. The project’s timetable will be tied to how quickly the units are sold, but the likelihood is that the development will take five years to complete, according to a company spokesperson.

“I’d be concerned about additional residential development, in general, because there’s been so much of it” in recent years in South Florida, said Jonathan Kingsley, executive vice president for Colliers International in South Florida. “But the single-family market continues to be robust,” he said.

Although the residential market may be “cycling down” in South Florida, “single-family is the best way to go, if you go residential,” Kingsley said. “You can’t build higher-end product in [the Hillcrest area] but more affordable homes, priced between $250,000 and $450,000 should do well,” he says.

Hillcrest was originally built in the early 1960s by developer Ben Tobin and was one of the first golf course/condominium developments in Broward County. The existing residential portion consists of four and five-story buildings and 10- to 12-story high-rises.  


Related Articles

arrow_forward_ios
Todd Jones and Albert Banalloun, with a rendering of the project (Credit: Fisher Architects)

Hollywood Publix with boat dock advances

Hollywood Publix with boat dock advances
Josh Zegen of Madison Realty Capital and 777 North Ocean Drive, Hollywood (Google Maps)

Madison Realty closes on Costa Hollywood Beach condos for $43M

Madison Realty closes on Costa Hollywood Beach condos for $43M
Jorge Perez and Apogee Beach

Jorge Pérez lists Apogee Beach penthouse for $7.6M

Jorge Pérez lists Apogee Beach penthouse for $7.6M
Hollywood East and Vivian Dimond

Former H3 Hollywood rental tower lands $58M refi ahead of completion

Former H3 Hollywood rental tower lands $58M refi ahead of completion
The Hollywood waterfront home

Hollywood waterfront home sale sets new record for the city

Hollywood waterfront home sale sets new record for the city
Related Group Senior VP of Development Bill Shewalter and a site plan of the project (Related Group)

Related plans low-rise multifamily project in Hollywood

Related plans low-rise multifamily project in Hollywood
777 North Ocean Drive, Hollywood (Credit: Google Maps)

Bankruptcy judge approves Madison Realty’s purchase of Costa Hollywood Beach condos

Bankruptcy judge approves Madison Realty’s purchase of Costa Hollywood Beach condos
From left: Developer Jesus Quintero, Chad Carroll, and the Quint Collection

Chad Carroll takes over sales of waterfront Hollywood townhomes

Chad Carroll takes over sales of waterfront Hollywood townhomes
arrow_forward_ios

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

Loading...