Related Group taps Live Local for Hollywood beachfront project, sidestepping county land-use ruling
Related Group advanced a revised plan to build Portofino Hollywood, a beachfront residential development, after adding workforce housing to qualify the development for expedited approval under the state’ Live Local Act. The Hollywood City Commission voted 5-2 Wednesday to amend the city’s development agreement with Related, allowing the Miami-based company to drop earlier plans for an all-condo building and instead develop a residential tower with 124 market-rate condos and 86 workforce housing rentals. The development site is at 1301 South Ocean Drive, where Related has a 99-year ground lease for a city-owned site. The residential complex would sit next to […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Tribal knowledge built this business. It can’t carry it.
The timing tax: How America’s rent calendar punishes the workers it should protect
Why your best agents leave (and the conversations you should be having now)
How much will mortgage rates fall with the Iran deal and Fed week?
Inside the Biggest Celebrity Real Estate Dramas—From Ivanka and Jared’s $1.4 Billion Resort Uproar to Katy Perry’s Montecito Mansion Fight
The $5,000 Hidden Summer Fee Owners of Older Homes Forget To Budget For
Louisville Sees 33% Surge in Homes on Market as Sellers Flood Back In
South Florida Dirt: Inside the first week of broker George Pino’s trial
Glass-Walled House Perched on a Giant Lakeside Rock Makes It Feel Like You’re ‘Living in the Water’
Why the Luxury Golf Club Lifestyle Has Become the Ultimate Real Estate Status Symbol
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131