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