What’s being built there? A 23-story condo building to rise in downtown Hollywood

The location? One Hollywood Residences will be built at 1817 Taylor Street. This development is down the street from ArtsPark at Young Circle, a 10-acre area in downtown Hollywood.

What’s planned? The .9 acre of property will see 248 homes reaching 23 stories.
Amenities include a resort-style pool and spa with lounge chairs and cabanas, outdoor bar and barbecue with seating area, rooftop garden with 360-degrees observatory deck, a sauna and treatment room, fitness center with yoga studio, co-working spaces and business center, kids club and playground, outdoor plaza, multi-purpose clubroom and private event space with a dedicated kitchen.
It is a pet-friendly project.

What will the apartments cost? Unit prices start in the low $400,000s. Preconstruction sales started in June 11. Homeowner association fees have not yet been calculated but expected to be $1 a square feet.

Condos range from 517 square feet to 1,425 square feet. The terraces range from 54 square feet to 406 square feet for “exceptional outdoor living.” Residences range from studios to three-bedroom units with a den, and include one to three bathrooms.
Residents buying during preconstruction sales are locking in a dollar amount and floor plan, but sales are not done until association fees are finalized, allowing buyers to back out.

What else is happening in downtown Hollywood? Alejandro Ensinck, managing director of Star Developers Group, the developer, said the team, which had independently built elsewhere in Florida and Georgia and abroad in Spain and Argentina, identified Hollywood as a “gem in South Florida. We did not hesitate to buy this land.”

The growth of Hollywood’s downtown has made the area enticing. Among the city’s slew of downtown projects also in the works:
— The Monroe Residences is a five-story, 40-unit luxury condominium under construction on Monroe Street. The development will have four three-bedroom units, 16 two-bedroom units and 20 one-bedroom units. Amenities will include rooftop green space, access-controlled parking with 44 spaces, a pool, a gym and a barbecue and picnic area.

— The Bread Building is a mixed-use development located on the southeast corner of Hollywood Boulevard and Young Circle at the site of the former Hollywood Bread Building, which served as the corporate headquarters for a company of the same name. The development includes 362 multi-family units and 17,000 square feet of retail space.

— University Station will offer workforce and affordable housing, retail spaces, and a 635-space parking garage. Barry University’s College of Nursing and Health Services also will be located on the site.

— Aesthetic Apartments is a five-story residential multi-family apartment building of 22 units and a parking garage.

— Soleste Hollywood is an eight-story, mixed-use development with 324 units and 30,000 square feet of commercial space. The floor plans include studios and up to three-bedroom apartments.

What’s being replaced? The developer said the land was empty.

When will construction be finished? The project is in permitting and site plan approval. Construction will start in the first quarter of 2025 and is expected to be ready for residents at the end of 2027.

Will there be stores? There will be two retail spaces totaling 7,000 square feet that will front North Federal Highway on the ground floor of the project. Ensinck said he anticipates a bank occupying one of the sites, and a restaurant on the other, to cater to the new residents.
There are no named tenants yet. “We are working on that,” he said.
Who is gobbling up homes pre-construction so far: While county property experts have said that traditionally people from the Northeast are still a “top migration pattern,” Maria Elena Plasencia, who is director of sales for the project, said those kinds of buyers want “immediate gratification” and tend to purchase homes already built or close to completion. The ones buying multiple properties at a time for this Hollywood project are investors who could ultimately flip the units, she said, since “real estate is one of the best investments you can make in Florida.

“They see the potential in Hollywood, they see the growth and they’re banking on it.”
Lisa J. Huriash can be reached at lhuriash@sunsentinel.com. Follow on X, formerly Twitter, @LisaHuriash