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Jan.January 07, 2022 02:30 PM

A Mindset for Smart Growth in Florida’s Hollywood

Find Your Future in Florida’s Hollywood

Every successful City knows the key to achieving a strong, long-lasting, sustainable future is to secure new economic activity today. New growth, whether it be the construction of a new office building or condominium project, or the expansion of an existing business, creates opportunities for jobs and adds to the tax base allowing for the robust services residents and business owners want and expect. As a world-class, full-service City, Hollywood understands this delicate equation and has a plan for balance with a mindset of smart growth.  Hollywood’s “business first” attitude is one of the reasons more than $1.45 billion in private investment is planned or currently under construction, following the City’s approximately $600 million investment in new roadways and infrastructure improvements city-wide.   

Private development projects in downtown Hollywood include the recently completed $160 million mixed-use Hollywood Circle, and the $80 million 1818 Park project now leasing, as well as the  $10 million Icon Office Building project which is nearing the topping-off stage. On the southeastern portion of the City’s iconic Young Circle, demolition The has now cleared the way for a new proposal 363 unit luxury residential building with retail on the ground floor. . Additional residential, office and commercial projects are also slated for Hollywood Beach and along the City’s thriving western corridor that boasts the Seminole Hard Rock Casino and Resort with its landmark Guitar Hotel. CentrePointe Offices at Oakwood Plaza is a transformational development project that offers one of the best locations in all of South Florida. Designed for the Next-Gen user, this project will create a combined live-work-play community with over 1,000,000 RSF of office space, multifamily residential, restaurant, specialty retail, and on-site hospitality.

Artist Rendering: CentrePointe Offices at Oakwood Plaza

Three public-private partnership projects are currently under consideration by the City including the renovation and revitalization of Orangebrook Golf and Country Club, the 1301 S. Ocean Drive Community Center, Open Space and Residential Project and the University Station Transit Oriented Development project.   

These signature projects are helping to reshape Hollywood’s landscape and skyline, thereby ensuring a bright, sustainable future. 

Major corporations have planted solid roots in Hollywood as their chosen home to headquarter, including aerospace and aviation leader HEICO Corporation. Peer industry leaders also headquartered in Hollywood include Sintavia, LLC, and Lufthansa Technik. The Boring Company, the transportation infrastructure and tunnel construction arm of Elon Musk’s conglomerate, also has plans to relocate to South Florida. Online pet supply retailer Chewy.com, and one of the largest public healthcare systems in the nation, Memorial Healthcare have also invested their future with Hollywood, ensuring diverse opportunities for economic advancement.

Hollywood is steadily growing into a dynamic business hub in South Florida, with more than 10,000 companies city-wide. Centrally located on Florida’s east coast between Miami and Fort Lauderdale, Hollywood provides easy access to Fort Lauderdale/Hollywood International Airport and Miami International Airport, Port Everglades and multiple important rail and road transportation routes. With nearly 7 miles of breathtaking beaches, Hollywood is the perfect location to grow and compete in today’s global marketplace.

Hollywood is also home to two federally-designated Opportunity Zones that await businesses interested in preferential tax treatment, and is primed for smart growth through zoning that encourages revitalization along key commercial corridors. Hollywood is also home to two commercial and industrial parks and has a growing niche in Professional Services, Healthcare and the Marine Industry. Sintavia chose Hollywood’s Port 95 Commerce Park to open its 55,000 square-foot high-tech additive manufacturing facility. The company invested more than $25 million in its state-of-the-art advanced manufacturing equipment which has allowed the company to quadruple its production capacity of superior, lightweight precision parts for aviation and aeronautics. 

Florida’s Hollywood is also committed to helping businesses succeed and grow through a streamlined development review process for high-impact and target industries relocating or expanding in Hollywood. The city’s designation as a ‘Platinum City’ for permitting by the Greater Fort Lauderdale Alliance ensures businesses have a first-rate experience when it comes to locating here. And, the city’s Economic Development Team is here to help support the business community with one-on-one concierge service to assist with individual business needs.

With robust investment opportunities comes a talented and diverse workforce, along with the neighborhoods they live in. Hollywood offers affordable starter homes to luxury waterfront living with property values outpacing other South Florida communities. Within Hollywood’s walkable, tree-lined neighborhoods, residents find easy access to beautiful parks, bike paths, and recreational amenities. Historic Downtown Hollywood offers diverse restaurants, galleries and shops along with popular cultural attractions like the Hollywood Hot Glass Studio and Art and Culture Center/Hollywood. The Downtown Hollywood Mural Project featuring more than two dozen wall-sized outdoor murals is a must-see stop for any art enthusiast. Hollywood’s upcoming centennial celebration in 2025 will be a time to recognize the city’s past, acknowledge the positive growth opportunities of today, and celebrate a very bright tomorrow.

 

City of Hollywood Office of Economic Development

954.921.3620

http://choosehollywoodfl.com/


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