The Related Group and sbe broke ground on Hyde Beach House earlier this month.
The project, which is 70 percent presold, is being developed by Related, 13th Floor Investments and Key International. The groundbreaking took place at Hyde Beach Kitchen + Cocktails with drinks by chef Danny Elmaleh.
Sales launched last year for Hyde Beach House, which will have 77 condos, and 265 hotel rooms at 4010 South Ocean Drive in Hollywood. Prices range from $690,000 to $1.3 million.
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. – Katherine Kallergis and Sean Stewart-Muniz