The Real Deal Miami

Hyde Resort & Residences in Hollywood hosts grand opening: PHOTOS

$360M condo and hotel development opened in January

February 02, 2017 04:03PM

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The Related Group, Sbe and Fortune International Group debuted their Hyde Resort & Residences Hollywood project last month, complete with a performance by the Gipsy Kings and a live-streamed demolition of a sister project, Hyde Beach House.

The $360 million condo and hotel development, at 4111 South Ocean Drive, is adding 40 sold-out condo units, 367 hotel rooms, an Emena spa, and the Terrazas at Hyde Hollywood restaurant, pool bar and cafe to the Hollywood Beach area. Prices ranged from $750,000 to $2 million.

January’s grand opening included a tour of the 12th floor, light bites and cocktails.

The Related Group bought the development site in 2013 for $17 million, records show. The Miami-based developer is making a combined $620 million investment in Hollywood Beach for both Hyde Hollywood and Hyde Beach House, the latter of which is expected to close a large construction loan soon. – Katherine Kallergis

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