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Retail Strip Center Price: $1,800,000 Retail Strip Center Located right off FL Turnpike 8.54% ProForma Capitalization Rate 6200 JOHNSON STREET 6200 JOHNSON STREET • HOLLYWOOD, FL 33024 4151 Hollywood Blvd | Hollywood, FL 33020 | Phone: (954) 361-0000 | Fax: (954) 361-0070 | www.DeMarcoGroup.com

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Page 1: Retail Strip Center Price: $1,800,000 · Retail Market Report Demographics Development Activity. PROPERTY SUMMARY Property Summary ... of doing business in MiamiDade and Palm Beach

Retail Strip Center Price: $1,800,000

Retail Strip Center Located right off FL Turnpike

8.54% Pro­Forma Capitalization Rate

6200 JOHNSON STREET6200 JOHNSON STREET • HOLLYWOOD, FL 33024

4151 Hollywood Blvd | Hollywood, FL 33020 | Phone: (954) 361-0000 | Fax: (954) 361-0070 | www.DeMarcoGroup.com

Page 2: Retail Strip Center Price: $1,800,000 · Retail Market Report Demographics Development Activity. PROPERTY SUMMARY Property Summary ... of doing business in MiamiDade and Palm Beach

John DeMarco, CCIMBroker / Owner

954­453­1000

[email protected]

The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections and analysis. The informationprovided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or other professional advice, consultation or service. The user of thissoftware should consult with a professional in the respective legal, accounting, tax or other professional area before making any decisions.

TABLE OF CONTENTSProperty Summary

Property Description

Property Photos

Rent Roll

Sales Comps

Pro Forma Summary

Zoning

Maps and Aerials

Location Map

Business Map

Retail Market Report

Demographics

Development Activity

Page 3: Retail Strip Center Price: $1,800,000 · Retail Market Report Demographics Development Activity. PROPERTY SUMMARY Property Summary ... of doing business in MiamiDade and Palm Beach

PROPERTY SUMMARY

Property SummaryAPN: 514113100090

Type: Retail Plaza

Price: $1,800,000

Building Size: 9,652 SF

Lot Size: 35,870 SF

Price Per Sq. Ft. $186.48 per/SF

Year Built: 1975

Zoning: C­3

Number of Units: 7

Current Tenants 5

Occupancy 71%

Actual Gross $152,352

Actual NOI $55,159

Market Rental Rate $26.00 per/SF

Pro­Forma Gross $250,958

Pro­Forma NOI $153,765

Pro­Forma CAP Rate 8.54%

Property OverviewGreat  9,652  SF  shopping  retail  plaza  in  Hollywood  Florida.  Theproperty  currently  has  2  vacancies.  Great  investment opportunity. 

Location OverviewThe  City  of  Hollywood  is  a  beachfront  community  located  insoutheastern  Broward  County  midway  between  Miami  and  FortLauderdale.  Founded  by  Joseph  Young  in  1925,  Hollywood  isapproximately   30   square   miles    in    size   and    is   Broward’s    third­largest  municipality  with  a  population  of  roughly  153,000  residents.Hollywood  is  the  second  largest  City  in  Broward  County  andconsidered to be a very  desirable  both  as  a  City  to  reside  in  andto do business  in.  The county is well positioned to attract companiesthat want  to be  in South Florida  and benefit  from  the  region’s  stronginternational links but don’t necessarily  want  to  pay  the  high  costsof  doing  business  in  Miami­Dade and Palm Beach counties.

Page 4: Retail Strip Center Price: $1,800,000 · Retail Market Report Demographics Development Activity. PROPERTY SUMMARY Property Summary ... of doing business in MiamiDade and Palm Beach

PROPERTY DESCRIPTION

John DeMarco with Re/Max 5 Star Realty  is pleased to present the sale of 6200 Johnson Street, Hollywood Florida. Thetotal leasable square footage is 9,652 SF situated on a 35,870 sf lot. Property is currently occupied by 5 tenants and hasonly 2 vacancies (5,427 sf vacant). When fully leased this property will net $153,765 annually which will provide an investorwith  a  projected  8.54%  capitalization  rate  at  the  full  asking  price  of  $1,800  000.  The  billboard  is  not  included  with  thisproperty sale. Enclosed in this package are recently closed lease comparables confirming leasing rates in the area.      This is an excellent opportunity for an owner­user to occupy 5,472 SF and lease the balance of the building out to offsetcarrying  costs.  Liberal  new  C­­3  zoning  permits  most  uses  and  encourages  new  developments  with  generous  heightrestrictions. See enclosed C­­3 zoning outline.       Included in this offering package are recent closed retail sales that have sold on average of $234.10 a square foot.This property is being offered at only $186.48 per sf which is below recent sales. This is an excellent opportunity to invest inthe  retail  space market. South Florida's  strong economy,  favorable demographics,  and  the  large number of  visitors  thatcome to the area every year have continued to support the metro's retail sector.

Please remember to not disturb existing tenants. Please call the listing broker for additional information and a complete tour.

Page 5: Retail Strip Center Price: $1,800,000 · Retail Market Report Demographics Development Activity. PROPERTY SUMMARY Property Summary ... of doing business in MiamiDade and Palm Beach

PROPERTY PHOTOS

Page 6: Retail Strip Center Price: $1,800,000 · Retail Market Report Demographics Development Activity. PROPERTY SUMMARY Property Summary ... of doing business in MiamiDade and Palm Beach

PROPERTY PHOTOS

Page 7: Retail Strip Center Price: $1,800,000 · Retail Market Report Demographics Development Activity. PROPERTY SUMMARY Property Summary ... of doing business in MiamiDade and Palm Beach

RENT ROLL

Sunshine Plaza Rent Roll

Base Rent Lease info

Tenant Suite Start Date Lease End Monthly Rent Increase

Keyou Variety Store & Tax Office . 2 2/29/20 1/31/25 $1,650.00 5% / yearly

Vacant 4 – 12 $0.00

Iglesia De Dios Casa (church) 14 – 16 7/1/19 6/31/22 $3,500.00 $250 / yearly

Vacant 18 $0.00

CC's Dominican Beauty Salon 20 5/1/19 5/31/22 $1,028.00 $50 / yearly

Family Pain & Health Center 22 3/1/16 2/28/19 $1,171.03 lease expired/mtm

El Portal Maya Restaurant 24 – 28 12/1/15 11/30/20 $5,347.00

TOTAL Monthly $12,696.03TOTAL Yearly $152,352.36

Page 8: Retail Strip Center Price: $1,800,000 · Retail Market Report Demographics Development Activity. PROPERTY SUMMARY Property Summary ... of doing business in MiamiDade and Palm Beach

1 720 W Hallandale Beach Blvd - Hallandale Plaza (Part of Multi-Property) SOLDHallandale, FL 33009 Broward County

LED Trust LLCRecorded Buyer: Recorded Seller: Hb 730 -18 Llc210 71st StMiami Beach, FL 33141

True Buyer: Elysee Investments

138 Park DrBal Harbour, FL 33154CK Holding GroupTrue Seller:

Sale Date:

– Research Status:

PrFrma Cap Rate:

Sale Price:$206.32$1,806,138 - Allocated12/06/2019 (144 days on mkt) Bldg Type:

Zoning:

Year Built/Age:GLA:

-

Parcel No:Financing: -

Allocated

RetailBuilt 2012 Age: 78,754 SF

B-GLand Area: 0.62 AC (27,007 SF)

Price/SF:

4974996Comp ID:

2 1942 Harrison St SOLDHollywood, FL 33020 Broward County

3911 Hollywood LLCRecorded Buyer: Recorded Seller: Worldstar Holdings Llc2028 Harrison StHollywood, FL 33020

True Buyer: Karla Crawford Allan VossTrue Seller:

Sale Date:

– Research Status:

PrFrma Cap Rate:

Sale Price:

Actual Cap Rate:

$199.13$1,150,000 - Confirmed08/01/2019 (216 days on mkt) Bldg Type:

Zoning:Sale Conditions:

Year Built/Age:GLA:

--

Parcel No:Financing:

51-42-15-01-5200-

Confirmed

RetailStorefront Retail/OfficeBuilt 1952 Age: 675,775 SF

CCC-1, HollywoodHigh Vacancy Property

Land Area: 0.23 AC (10,019 SF)Price/SF:

4869086Comp ID:

Map Page: Trakker36-V22

3 1925 Hollywood Blvd SOLDHollywood, FL 33020 Broward County

Lefkas Hollywood, LLCRecorded Buyer: Recorded Seller: Shaw-Luciani, LLC1925 Hollywood BlvdHollywood, FL 33020

True Buyer: Greek

1351 Harrison StHollywood, FL 33019Surfside Hearing Aid CenterTrue Seller:

Sale Date:

– Research Status:

PrFrma Cap Rate:

Sale Price:

Actual Cap Rate:

$318.58$1,800,000 - Full Value09/16/2019 Bldg Type:

Zoning:Sale Conditions:

Year Built/Age:GLA:

--

Parcel No:Financing:

51-42-15-01-4370Down payment of $150,000 (8.3%)

Full Value

RetailRestaurantBuilt 1950 Age: 695,650 SF

CCC-1Purchase By Tenant

Land Area: 0.14 AC (6,098 SF)Price/SF:

4887917Comp ID:

Copyrighted report licensed to RE/MAX 5 Star Realty - 746067. 4/8/2020

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4 2341 Hollywood Blvd SOLDHollywood, FL 33020 Broward County

2339 Fairness Group, LLCRecorded Buyer: Recorded Seller: Syraco, LLC619 E Palisade AveEnglewood Cliffs, NJ 07632

True Buyer: Kenneth N Segal

20900 NE 30th AveEnglewood Cliffs, NJ 07632Juan ToledoTrue Seller:

Sale Date:

– Research Status:

PrFrma Cap Rate:

Sale Price:

Actual Cap Rate:

$217.48$1,075,000 - Confirmed11/25/2019 Bldg Type:

Zoning:Sale Conditions:

Year Built/Age:GLA:

--

Parcel No:Financing:

51-42-16-01-3220Down payment of $322,500 (30.0%); $752,500 from Seacoast National Bank

Confirmed

RetailFreestandingBuilt 1960 Renov 2004 Age: 594,943 SF

C-2High Vacancy Property

Land Area: 0.19 AC (8,276 SF)Price/SF:

4970870Comp ID:

5 4749 Hollywood Blvd SOLDHollywood, FL 33021 Broward County

-True Buyer: Recorded Seller: Rsgv Hollywood Llc2667 E Commercial BlvdFort Lauderdale, FL 33308Gerald VargasTrue Seller:

Sale Date:

– Research Status:

PrFrma Cap Rate:

Sale Price:$182.12$540,000 - Confirmed09/23/2019 (263 days on mkt) Bldg Type:

Zoning:

Year Built/Age:GLA:

-

Parcel No:Financing:

--

Confirmed

RetailStorefront Retail/OfficeBuilt 1953 Age: 662,965 SF

C-2, HollywoodLand Area: 0.22 AC (9,583 SF)

Price/SF:

4905804Comp ID:

Map Page: Trakker 36-S21

6 5655-5659 Johnson St SOLDHollywood, FL 33021 Broward County

Mvgc Investments LlcRecorded Buyer: Recorded Seller: Chiramel Philip & Mary2334 SW 130th TerMiramar, FL 33027

8384 S Lake Forest DrDavie, FL 33328Philip & Mary ChiramelTrue Seller:

Sale Date:

– Research Status:

PrFrma Cap Rate:

Sale Price:

Actual Cap Rate:

$197.52$1,100,000 - Confirmed08/23/2019 Bldg Type:

Zoning:Sale Conditions:

Year Built/Age:GLA:

-8.65%

Parcel No:Financing:

51-41-12-04-0750Down payment of $330,000 (30.0%)

Confirmed

RetailStorefront Retail/ResidentialBuilt 1961 Age: 585,569 SF

C-3-

Land Area: 0.20 AC (8,712 SF)Price/SF:

4883319Comp ID:

Copyrighted report licensed to RE/MAX 5 Star Realty - 746067. 4/8/2020

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Page 10: Retail Strip Center Price: $1,800,000 · Retail Market Report Demographics Development Activity. PROPERTY SUMMARY Property Summary ... of doing business in MiamiDade and Palm Beach

7 2461-2471 Pembroke Rd SOLDHollywood, FL 33020 Broward County

CFP 2467 LLCRecorded Buyer: Recorded Seller: Savits Enterprises IncPO Box 878Fort Lauderdale, FL 33302

1360 NE 103rd StMiami Shores, FL 33138Christopher SavitsTrue Seller:

Sale Date:

– Research Status:

PrFrma Cap Rate:

Sale Price:

Actual Cap Rate:

$358.33$1,075,000 - Confirmed10/11/2019 (70 days on mkt) Bldg Type:

Zoning:Sale Conditions:

Year Built/Age:GLA:

-9.80%

Parcel No:Financing:

51-42-21-03-0690, 51-42-21-03-0700, 51-42-21-03-0710, 51-42-21-03-0720 [Partial List]Down payment of $50,000 (4.7%)

Confirmed

RetailStorefrontBuilt 1956 Age: 633,000 SF

IM-1-

Land Area: 0.57 AC (24,829 SF)Price/SF:

4914453Comp ID:

8 6700 Pembroke Rd SOLDPembroke Pines, FL 33023 Broward County

Sage Peak Investments LlcRecorded Buyer: Recorded Seller: Jersey Pembroke Inc3435 10th St NNaples, FL 34103

Sale Date:

– Research Status:

PrFrma Cap Rate:

Sale Price:$250.73$512,00008/15/2019 Bldg Type:

Zoning:

Year Built/Age:GLA:

-

Parcel No:Financing:

51-41-23-14-0011-

Public Record

RetailRestaurantBuilt 1966 Age: 532,042 SF

R-1PLand Area: 0.89 AC (38,768 SF)

Price/SF:

4869048Comp ID:

9 7035 Taft St SOLDHollywood, FL 33024 Broward County

Shopping 2020 LLCRecorded Buyer: Recorded Seller: Big Wheel Bicycle USA Inc7035 Taft StPembroke Pines, FL 33024

7035 Taft StHollywood, FL 33024(954) 966-5545

Sale Date:

– Research Status:

PrFrma Cap Rate:

Sale Price:

Actual Cap Rate:

$268.75$1,075,000 - Confirmed01/31/2020 (430 days on mkt) Bldg Type:

Zoning:Sale Conditions:

Year Built/Age:GLA:

-8.00%

Parcel No:Financing:

51-41-11-30-0011Down payment of $1,075,000 (100.0%)

Confirmed

RetailFreestandingBuilt 1966 Renov 1972 Age: 544,000 SF

C-3Sale Leaseback

Land Area: 0.53 AC (23,087 SF)Price/SF:

5047700Comp ID:

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Page 11: Retail Strip Center Price: $1,800,000 · Retail Market Report Demographics Development Activity. PROPERTY SUMMARY Property Summary ... of doing business in MiamiDade and Palm Beach

10 2600 S University Dr - Building A (Part of Multi-Property) SOLDMiramar, FL 33025 Broward County

Sienna Shops, LLCRecorded Buyer: Recorded Seller: Sienna At Miramar Llc15801 Biscayne BlvdNorth Miami Beach, FL 33160

1986 NE 149th StNorth Miami, FL 33181

Sale Date:

– Research Status:

PrFrma Cap Rate:

Sale Price:$222.35$2,596,554 - Allocated09/30/2019 Bldg Type:

Zoning:

Year Built/Age:GLA:

-

Parcel No:Financing: -

Allocated

RetailFreestandingBuilt 2015 Age: 411,678 SF

B-2Land Area: 8.67 AC (377,665 SF)

Price/SF:

4907307Comp ID:

Copyrighted report licensed to RE/MAX 5 Star Realty - 746067. 4/8/2020

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Page 12: Retail Strip Center Price: $1,800,000 · Retail Market Report Demographics Development Activity. PROPERTY SUMMARY Property Summary ... of doing business in MiamiDade and Palm Beach

720 W Hallandale Beach Blvd(Part of Multi-Property Sale)1 Sold: $1,806,138 ($206.32/SF)Hallandale 8,754 SF Retail

1942 Harrison St2 Sold: $1,150,000 ($199.13/SF)Hollywood 5,775 SF General Retail/StorefrontRetail/Office

1925 Hollywood Blvd3 Sold: $1,800,000 ($318.58/SF)Hollywood 5,650 SF GeneralRetail/Restaurant

2341 Hollywood Blvd4 Sold: $1,075,000 ($217.48/SF)Hollywood 4,943 SF GeneralRetail/Freestanding

4749 Hollywood Blvd5 Sold: $540,000 ($182.12/SF)Hollywood 2,965 SF General Retail/StorefrontRetail/Office

5655-5659 Johnson St6 Sold: $1,100,000 ($197.52/SF)Hollywood 5,569 SF General Retail/StorefrontRetail/Residential

2461-2471 Pembroke Rd7 Sold: $1,075,000 ($358.33/SF)Hollywood 3,000 SF General Retail/Storefront

6700 Pembroke Rd8 Sold: $512,000 ($250.73/SF)PembrokePines

2,042 SF GeneralRetail/Restaurant

7035 Taft St9 Sold: $1,075,000 ($268.75/SF)Hollywood 4,000 SF GeneralRetail/Freestanding

2600 S University Dr (Part of Multi-Property Sale)10 Sold: $2,596,554 ($222.35/SF)Miramar 11,678 SF Retail/Freestanding

Address City Property Info Sale Info

Copyrighted report licensed to RE/MAX 5 Star Realty - 746067. 4/8/2020

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Page 13: Retail Strip Center Price: $1,800,000 · Retail Market Report Demographics Development Activity. PROPERTY SUMMARY Property Summary ... of doing business in MiamiDade and Palm Beach

10Sale PriceCenter SizePrice per SFActual Cap RateDays on MarketSale Price to Asking Price Ratio 83.64%

$512,0002,042 SF$182.12

8.00%70

$1,272,9695,438 SF$234.10

8.82%225

90.73%

$1,087,5005,256 SF$219.92

8.65%216

92.89%

$2,596,55411,678 SF

$358.339.80%

43093.48%

1010

354

Totals

Sold Transactions $12,729,692 Total Sales Transactions:Total Sales Volume: 10

Comps Statistics

CountHighMedianAverageLow

Quick Stats Report

Copyrighted report licensed to RE/MAX 5 Star Realty - 746067. 4/8/2020

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Page 14: Retail Strip Center Price: $1,800,000 · Retail Market Report Demographics Development Activity. PROPERTY SUMMARY Property Summary ... of doing business in MiamiDade and Palm Beach

Dollar Volume

Legend:

Current SurveySold Transactions 10

$12,729,692Number of TransactionsTotal Dollar Volume

54,37612.26

Total Bldg Square FeetTotal Land in Acres

534,046$1,272,969

Total Land in SFAverage Price

5,438$234.10

Average Number of SFAverage Price Per Bldg SF

$219.921.23

Median Price Per SFAverage Number of Acres

53,405-

Average Number of SF(Land)Average Price Per Unit

--

Median Price Per UnitAverage Number of Units

8.82%Actual Cap Rate

SoldTransactions

Time Interval - Quarterly

Report Time Frame: 7/1/2019 - 4/8/2020

Trend Report

Copyrighted report licensed to RE/MAX 5 Star Realty - 746067. 4/8/2020

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Page 15: Retail Strip Center Price: $1,800,000 · Retail Market Report Demographics Development Activity. PROPERTY SUMMARY Property Summary ... of doing business in MiamiDade and Palm Beach

Trend Report

Sold Transaction

3Q19 07/1-9/30/19 1Q20 01/1-3/31/20

Number of TransactionsTotal Dollar VolumeTotal Bldg Square FeetTotal Land in AcresTotal Land in SFAverage PriceAverage Number of SFAverage Price Per Bldg SFMedian Price Per SFAverage Number of AcresAverage Number of SF(Land)Average Price Per UnitMedian Price Per UnitAverage Number of UnitsActual Cap Rate

4Q19 10/1-12/31/19

Sold TransactionSold Transaction

6$7,698,554

33,67910.35

450,846$1,283,092

5,613$228.59$210.74

1.7375,141

---

8.65%

3$3,956,138

16,6971.38

60,113$1,318,713

5,566$236.94$217.48

0.4620,038

---

9.80%

1$1,075,000

4,0000.53

23,087$1,075,000

4,000$268.75$268.75

0.5323,087

---

8.00%

Copyrighted report licensed to RE/MAX 5 Star Realty - 746067. 4/8/2020

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Page 16: Retail Strip Center Price: $1,800,000 · Retail Market Report Demographics Development Activity. PROPERTY SUMMARY Property Summary ... of doing business in MiamiDade and Palm Beach

PRO FORMA SUMMARY

TENANT ANNUAL SCHEDULED INCOME 

Tenant Actual Market

6200­02 $19,800 $27,581

6214­621 $42,000 $58,506

6220 $12,336 $17,184

6222 $14,052 $19,574

6224­622 $64,164 $89,380

14­12 $0 $19,366

18 $0 $19,366

TOTALS $152,352 $250,958

ANNUALIZED INCOME 

Description Actual Market

Gross Potential Rent $152,352 $250,958

 ­ Less: Vacancy $0 $0

Effective Gross Income $152,352 $250,958

 ­ Less: Expenses ($97,193) ($97,193)

Net Operating Income $55,159 $153,765

ANNUALIZED EXPENSES 

Description Actual Market

Building Insurance $7,112 $7,112

Grounds Maintenance $3,840 $3,840

Janitorial $1,190 $1,190

Management Fees $35,172 $35,172

Misc $843 $843

Repairs/supplies $13,710 $13,710

Taxes ­ Real Estate $22,294 $22,294

Trash Removal $720 $720

Utility ­ Electricity $1,113 $1,113

Water/Sewer $11,199 $11,199

TOTAL EXPENSES $97,193 $97,193

EXPENSES PER RSF $97,193.00 $97,193.00

INVESTMENT SUMMARY 

PRICE $1,800,000

Year Built 1975

Tenants 7

RSF 1

Price/RSF $1,800,000.00

Lot Size 35,870 sf

Floors 1

APN 514113100090

Cap Rate 3.06%

Market Cap Rate 8.54%

Page 17: Retail Strip Center Price: $1,800,000 · Retail Market Report Demographics Development Activity. PROPERTY SUMMARY Property Summary ... of doing business in MiamiDade and Palm Beach

ZONING

C-3 Medium Intensity Commercial District Purpose and uses:

District Purposes

Main Permitted Uses

Special Exception

Accessory Uses

Prohibited Uses

This district is intended

to provide standards for

the sale of goods and

services to the entire

city while remaining

compatible with the

surrounding residential

neighborhood.

Apt. on the second

floor and above.*

Day Care

Facilities.

Any Use that is

customarily

associated with

the Main

Permitted Use

or Special

Exception.

(See § 4.21).

Any use not

listed as a

Main

Permitted

Use or

Special

Exception.

Assembly of

premanufactured

parts for sale on the

premises (See

§ 4.21).

School,**

public or

private.

Commercial uses.

Except for Self-

Storage Facilities.

Service

Stations.

Consignment shops.

Hotels & Motels.

Offices.

Pain Management

Clinics. (See § 4.22.R

for regulations).

Personal Services.

Places of worship,

meeting halls and

fraternal lodges.

Psychic Help Uses.

Retail

(indoor/outdoor).**

Substance Abuse and

Rehabilitation

Centers. (See

§ 4.22.R for

regulations).

Thrift Shops.**

Adult Educational

Facilities (See Article

2 “Definitions”).

Page 18: Retail Strip Center Price: $1,800,000 · Retail Market Report Demographics Development Activity. PROPERTY SUMMARY Property Summary ... of doing business in MiamiDade and Palm Beach

ZONING

*Can not exceed 50%

of the total floor area

of the building.

** See Performance

Standards in § 4.3.J.

2. Development regulations:

Setbacks Maximum Height

Minimum Unit Size

(Sq. Ft.) and

Maximum Density

0 ft. adjacent to commercial property.

5 stories or 60 ft.

Apt.: 500 Min.

750 Avg.

If adjacent to residential zoning district.

Hotel or motel:

300-335 sq. ft. 15

% of units

335+ sq. ft. 85% of

units

# of Stories Setback front, rear, sides

1 15 ft.

2-5 15 ft. + 10 ft.per floor Density

Apts. = 18 units per

acre

Hotel or motel = 36

units per acre.

A 5 ft. landscaped buffer must be included

within the setback area with one tree for every

20 linear ft. of required buffer area.

See Performance Standards in § 4.3.J.

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MAPS AND AERIALS

Page 20: Retail Strip Center Price: $1,800,000 · Retail Market Report Demographics Development Activity. PROPERTY SUMMARY Property Summary ... of doing business in MiamiDade and Palm Beach

LOCATION MAP

Page 21: Retail Strip Center Price: $1,800,000 · Retail Market Report Demographics Development Activity. PROPERTY SUMMARY Property Summary ... of doing business in MiamiDade and Palm Beach

BUSINESS MAP

Page 22: Retail Strip Center Price: $1,800,000 · Retail Market Report Demographics Development Activity. PROPERTY SUMMARY Property Summary ... of doing business in MiamiDade and Palm Beach

Hollywood

PREPARED BY

John DeMarco

Broker / Owner

Retail Submarket Report

Fort Lauderdale - FL

Page 23: Retail Strip Center Price: $1,800,000 · Retail Market Report Demographics Development Activity. PROPERTY SUMMARY Property Summary ... of doing business in MiamiDade and Palm Beach

OverviewHollywood Retail

8.1 K (89 K) 4.2% 2.7%12 Mo Deliveries in SF 12 Mo Net Absorption in SF Vacancy Rate 12 Mo Rent Growth

KEY INDICATORS

Market RentVacancy RateRBACurrent Quarter Availability Rate Net AbsorptionSF Deliveries SF Under

Construction

$18.280%163,179Malls 0% 0 0 0

$31.314.2%1,182,668Power Center 5.4% 34,493 0 0

$25.264.8%3,705,158Neighborhood Center 7.4% 5,695 0 0

$23.603.4%1,265,159Strip Center 4.9% 0 0 6,200

$24.863.3%4,680,999General Retail 4.1% 6,776 0 41,000

$38.288.6%898,909Other 8.9% 0 0 0

$26.414.2%11,896,072Submarket 5.7% 46,964 0 47,200

ForecastAverage

HistoricalAverage12 MonthAnnual Trends Peak When Trough When

4.7%5.3%0.6%Vacancy Change (YOY) 10.7% 2009 Q4 2.9% 2017 Q4

28,80832,651(89 K)Net Absorption SF 497,999 2011 Q2 (651,399) 2009 Q4

68,90079,6518.1 KDeliveries SF 349,034 2017 Q1 6,413 2012 Q3

1.4%1.7%2.7%Rent Growth 5.4% 2017 Q1 -5.3% 2010 Q1

N/A$76.4M$163 MSales Volume $240M 2010 Q3 $12.5M 2009 Q3

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LeasingHollywood Retail

NET ABSORPTION, NET DELIVERIES & VACANCY

VACANCY RATE

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LeasingHollywood Retail

3 STAR MOST ACTIVE BUILDINGS IN SUBMARKET - PAST 12 MONTHS

Property Name/Address Rating GLA Deals Leased SF 12 Mo Vacancy 12 Mo Net Absorp SF

8,1292501-2721 N Hiatus RdEmbassy Lakes Shopping Ce…

131,723 6 3.3% 4,186

1,850205-221 N Hiatus RdPembroke Lakes Square

9,125 1 28.8% 3,900

7,65611005-11013 Pines BlvdPembroke Lakes Square

19,269 2 27.4% 2,381

6,3793301-3357 Sheridan StPark Sheridan Plaza

53,836 3 10.4% 2,297

3,1561801-1817 N Young CirRadius

37,846 2 24.7% 1,916

3,6001708-1824 N University DrPasadena Plaza

78,316 2 1.2% 1,413

3,0005930-5940 Sheridan StSedano's Shopping Plaza

56,674 1 4.4% 1,374

6,8202028 Harrison St

19,070 5 14.0% 818

763340-380 Park RdBuilding G

5,300 1 2.9% 763

1,5908333-8399 Pines Blvd

125,000 2 1.6% 743

5,1801615-1661 N Hiatus RdVillage Square

88,162 5 7.4% 63

1603000 Stirling Rd3000 Plaza

37,000 2 0.4% 14

8,3003605-3777 Hollywood BlvdPresidential Plaza

37,502 4 0% 0

28,5201450 N State Road 7

41,020 1 13.9% 0

14,4761903 Hollywood BlvdWhiskey Tango All American…

14,475 1 0% 0

3,9806800-6890 Stirling RdLincoln Park Davie

36,938 2 7.1% (460)

2,4101741-1759 N University Dr

18,864 2 14.6% (1,901)

3,0425845 Hollywood BlvdSHOPPING PLAZA IN HOLLY…

6,598 2 12.1% (2,000)

1,400435 S State Road 7

10,031 2 36.3% (6,300)

2,75010101-10501 Pines BlvdPembroke Place

158,512 2 6.3% (21,863)

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RentHollywood Retail

MARKET RENT GROWTH (YOY)

MARKET RENT PER SQUARE FOOT

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Rent & VacancyHollywood Retail

OVERALL RENT & VACANCY

Market Rent

Per SF Index % Growth Vs Hist PeakYear

Vacancy

SF Percent Ppts Chg

2024 133 0.6% 6.5%$27.97 606,258 5.0% 0.1%

2023 132 0.8% 5.9%$27.80 586,791 4.8% 0.1%

2022 131 1.0% 5.1%$27.60 576,585 4.8% 0.2%

2021 130 1.9% 4.0%$27.31 549,942 4.6% 0.2%

2020 127 2.0% 2.0%$26.79 520,103 4.4% -0.3%

YTD 126 0.6% 0.6%$26.41 500,367 4.2% -0.5%

2019 125 3.5% 0%$26.26 560,793 4.7% 0.9%

2018 121 3.4% -3.4%$25.37 457,919 3.9% 1.0%

2017 117 4.4% -6.6%$24.54 339,710 2.9% -1.4%

2016 112 5.0% -10.5%$23.50 504,604 4.3% -0.7%

2015 107 3.9% -14.7%$22.39 573,389 5.0% 0.3%

2014 102 3.8% -18.0%$21.54 538,938 4.7% 0.4%

2013 99 4.0% -20.9%$20.76 507,275 4.3% -0.8%

2012 95 3.3% -24.0%$19.97 603,762 5.1% -0.9%

2011 92 -0.6% -26.4%$19.34 709,475 6.0% -1.3%

2010 93 -3.3% -25.9%$19.46 864,761 7.3% -3.3%

2009 96 -4.3% -23.4%$20.12 1,256,287 10.7% 5.7%

2008 100 -2.0% -20.0%$21.02 586,284 5.0% -0.4%

MALLS RENT & VACANCY

Market Rent

Per SF Index % Growth Vs Hist PeakYear

Vacancy

SF Percent Ppts Chg

2024 122 0.6% 6.9%$19.42 5,028 2.7% 0.3%

2023 121 0.8% 6.3%$19.30 4,410 2.5% 0.2%

2022 120 1.0% 5.5%$19.15 3,881 2.2% 0.7%

2021 119 2.0% 4.4%$18.96 2,618 1.6% 1.2%

2020 117 2.3% 2.3%$18.58 524 0.3% 0.3%

YTD 115 0.7% 0.7%$18.28 0 0% 0%

2019 114 3.3% 0%$18.16 0 0% -7.6%

2018 111 1.7% -3.2%$17.58 12,329 7.6% 3.7%

2017 109 3.5% -4.8%$17.28 6,344 3.9% -28.2%

2016 105 2.6% -8.0%$16.70 52,290 32.0% -6.1%

2015 102 3.9% -10.4%$16.28 62,290 38.2% -6.2%

2014 99 1.5% -13.7%$15.67 72,333 44.3% -4.7%

2013 97 1.9% -15.0%$15.44 80,050 49.1% -0.6%

2012 95 1.5% -16.6%$15.15 81,085 49.7% 3.4%

2011 94 -0.5% -17.8%$14.93 75,579 46.3% 2.7%

2010 94 -3.1% -17.4%$15.00 71,131 43.6% -5.1%

2009 97 -2.6% -14.8%$15.48 79,474 48.7% 0%

2008 100 11.7% -12.4%$15.90 79,474 48.7% 5.2%

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Rent & VacancyHollywood Retail

POWER CENTER RENT & VACANCY

Market Rent

Per SF Index % Growth Vs Hist PeakYear

Vacancy

SF Percent Ppts Chg

2024 123 0.6% 6.7%$33.20 59,577 5.0% 0.2%

2023 122 0.8% 6.1%$33.01 57,201 4.8% 0.1%

2022 121 1.1% 5.3%$32.75 55,778 4.7% 0.2%

2021 120 2.0% 4.1%$32.39 53,756 4.5% 0.2%

2020 118 2.1% 2.1%$31.77 51,065 4.3% -3.3%

YTD 116 0.6% 0.6%$31.31 49,250 4.2% -3.5%

2019 115 2.8% 0%$31.11 90,513 7.7% 3.9%

2018 112 1.6% -2.8%$30.25 44,092 3.7% 3.2%

2017 110 3.4% -4.3%$29.76 5,877 0.5% -0.7%

2016 107 3.4% -7.4%$28.79 13,654 1.2% -0.2%

2015 103 3.8% -10.5%$27.86 15,936 1.3% 0.7%

2014 99 5.3% -13.7%$26.84 7,546 0.6% 0.3%

2013 94 3.7% -18.0%$25.49 4,464 0.4% -0.7%

2012 91 2.5% -21.0%$24.59 12,949 1.1% -0.6%

2011 89 -1.2% -22.9%$23.99 19,579 1.7% -3.0%

2010 90 -4.9% -22.0%$24.28 54,579 4.6% 0.5%

2009 95 -5.5% -18.0%$25.52 48,941 4.2% -1.6%

2008 100 -0.4% -13.2%$27.00 67,662 5.7% -3.2%

NEIGHBORHOOD CENTER RENT & VACANCY

Market Rent

Per SF Index % Growth Vs Hist PeakYear

Vacancy

SF Percent Ppts Chg

2024 136 0.6% 7.2%$26.75 194,255 5.2% 0.1%

2023 135 0.8% 6.6%$26.59 189,799 5.1% 0%

2022 134 1.0% 5.8%$26.39 188,359 5.1% 0.1%

2021 132 1.9% 4.7%$26.12 183,689 4.9% 0.2%

2020 130 2.7% 2.7%$25.62 175,697 4.7% 0.9%

YTD 128 1.3% 1.3%$25.26 176,558 4.8% 0.9%

2019 127 4.9% 0%$24.95 143,945 3.9% 1.0%

2018 121 3.0% -4.6%$23.80 106,820 2.9% -0.7%

2017 117 4.1% -7.4%$23.11 130,938 3.5% -3.4%

2016 113 4.8% -11.1%$22.19 249,634 6.9% -1.6%

2015 107 4.7% -15.1%$21.17 288,096 8.5% 1.2%

2014 103 4.5% -18.9%$20.22 245,909 7.3% 2.6%

2013 98 4.0% -22.5%$19.35 153,368 4.6% -1.1%

2012 94 2.8% -25.4%$18.61 189,820 5.8% -2.4%

2011 92 -1.0% -27.5%$18.09 269,416 8.2% -2.5%

2010 93 -3.4% -26.7%$18.29 350,154 10.7% 0.3%

2009 96 -3.9% -24.1%$18.94 340,746 10.4% 3.3%

2008 100 -2.3% -21.0%$19.71 232,170 7.1% 0.7%

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Rent & VacancyHollywood Retail

STRIP CENTER RENT & VACANCY

Market Rent

Per SF Index % Growth Vs Hist PeakYear

Vacancy

SF Percent Ppts Chg

2024 135 0.7% 7.0%$25.11 52,995 4.1% 0.2%

2023 135 0.8% 6.2%$24.94 50,668 3.9% 0.1%

2022 133 1.1% 5.4%$24.73 49,379 3.9% 0.2%

2021 132 2.0% 4.2%$24.45 47,220 3.7% 0.1%

2020 129 2.1% 2.1%$23.96 45,664 3.6% 1.1%

YTD 127 0.6% 0.6%$23.60 42,647 3.4% 0.8%

2019 127 3.5% 0%$23.47 31,851 2.5% 0%

2018 122 3.9% -3.4%$22.68 32,479 2.6% -2.1%

2017 118 3.5% -7.0%$21.82 58,378 4.6% -0.2%

2016 114 5.4% -10.2%$21.09 60,786 4.8% -1.8%

2015 108 3.5% -14.7%$20.01 83,356 6.6% 0.5%

2014 104 3.2% -17.7%$19.33 77,507 6.2% -1.1%

2013 101 4.4% -20.2%$18.73 91,295 7.2% -1.4%

2012 97 3.0% -23.6%$17.94 108,933 8.6% -2.0%

2011 94 0.4% -25.8%$17.41 134,179 10.7% -0.7%

2010 94 -2.1% -26.1%$17.35 143,361 11.4% 2.3%

2009 96 -4.4% -24.5%$17.71 114,410 9.1% 4.1%

2008 100 -3.0% -21.0%$18.53 62,523 5.0% -0.7%

GENERAL RETAIL RENT & VACANCY

Market Rent

Per SF Index % Growth Vs Hist PeakYear

Vacancy

SF Percent Ppts Chg

2024 133 0.6% 6.3%$26.41 208,949 4.3% 0.2%

2023 133 0.8% 5.6%$26.25 199,578 4.1% 0.1%

2022 132 1.1% 4.8%$26.03 193,694 4.0% 0.3%

2021 130 2.0% 3.6%$25.75 179,395 3.8% 0.2%

2020 128 1.6% 1.6%$25.24 169,213 3.6% -0.8%

YTD 126 0.1% 0.1%$24.86 154,253 3.3% -1.1%

2019 126 2.7% 0%$24.85 208,742 4.4% 0%

2018 122 3.7% -2.7%$24.18 205,799 4.4% 2.5%

2017 118 4.0% -6.2%$23.31 85,795 1.9% -0.2%

2016 113 5.2% -9.8%$22.42 93,062 2.0% -0.7%

2015 108 4.1% -14.2%$21.31 123,711 2.7% -0.3%

2014 103 3.2% -17.6%$20.48 135,643 3.0% -0.4%

2013 100 4.8% -20.2%$19.83 172,008 3.4% -0.7%

2012 96 3.3% -23.8%$18.93 204,385 4.1% 0%

2011 93 0.1% -26.3%$18.32 204,132 4.1% -0.7%

2010 92 -2.3% -26.3%$18.30 238,946 4.8% -8.5%

2009 95 -5.3% -24.6%$18.74 659,132 13.3% 10.6%

2008 100 -3.6% -20.4%$19.79 132,465 2.7% 0.1%

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DEMOGRAPHICS

Population 1 Mile 3 Mile 5 Mile

Male 11,198 (49.29 %) 77,185 (48.18 %) 198,936 (48.08 %)

Female 11,520 (50.71 %) 83,008 (51.82 %) 214,860 (51.92 %)

Total Population 22,718 160,193 413,796

Race Demographics 1 Mile 3 Mile 5 Mile

Population Non Hispanic White 15,807 97,233 224,979

Population Black 3,899 47,898 153,718

Population Am In/Ak Nat 9 467 570

Housing 1 Mile 3 Mile 5 Mile

Housing Units 8,018 63,607 176,907

Occupied Units 7,363 57,113 156,179

Owner Occupied Units 4,181 38,159 96,452

Renter Occupied Units 3,182 18,954 59,727

Vacant Units 655 6,494 20,728

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DEMOGRAPHICS

Household Income 1 Mile 3 Mile 5 Mile

Median Income $38,848 $46,454 $47,028

Less than $10,000 774 4,573 12,870

$10,000 ­$14,999 538 3,148 8,987

$15,000 ­ $19,999 326 3,067 8,783

$20,000 ­$24,999 535 3,451 9,365

$25,000 ­ $29,999 533 3,740 10,002

$30,000 ­ $34,999 760 3,634 9,548

$35,000 ­ $39,999 440 3,302 8,738

$40,000 ­ $44,999 301 2,751 8,477

$45,000 ­ $49,999 434 2,703 7,678

$50,000 ­ $59,999 903 5,250 13,989

$60,000 ­ $74,999 1,141 6,347 16,721

$75,000 ­ $99,999 702 7,076 18,025

$100,000 ­ $124,999 340 3,634 9,666

$125,000 ­ $149,999 74 1,768 4,427

$150,000 ­ $199,999 15 1,592 4,163

Greater than $200,000 29 1,401 2,918

Age Breakdown 1 Mile 3 Mile 5 Mile

Ages 0­4 1,285 (5.66 %) 8,992 (5.61 %) 23,238 (5.62 %)

Ages 5­9 1,669 (7.35 %) 11,596 (7.24 %) 29,362 (7.10 %)

Ages 10­14 1,598 (7.03 %) 11,185 (6.98 %) 27,624 (7.10 %)

Ages 15­19 1,543 (6.79 %) 10,837 (6.76 %) 26,611 (6.43 %)

Ages 20­24 1,548 (6.81 %) 10,582 (6.61 %) 26,650 (6.44 %)

Ages 25­29 1,560 (6.87 %) 10,206 (6.37 %) 26,367 (6.37 %)

Ages 30­34 1,529 (6.73 %) 9,773 (6.10 %) 25,931 (6.27 %)

Ages 35­39 1,567 (6.90 %) 9,861 (6.16 %) 26,312 (6.36 %)

Ages 40­44 1,654 (7.28 %) 10,616 (6.63 %) 28,001 (6.77 %)

Ages 45­49 1,703 (7.50 %) 11,309 (7.06 %) 29,609 (7.16 %)

Ages 50­54 1,661 (7.31 %) 11,046 (6.90 %) 28,950 (7.00 %)

Ages 55­59 1,474 (6.49 %) 9,987 (6.23 %) 26,635 (6.44 %)

Ages 60­64 1,219 (5.37 %) 8,528 (5.32 %) 22,809 (5.51 %)

Ages 65­69 884 (3.89 %) 6,900 (4.31 %) 18,341 (4.43 %)

Ages 70­74 653 (2.87 %) 5,499 (3.43 %) 14,469 (3.50 %)

Ages 75­79 450 (1.98 %) 4,134 (2.58 %) 10,903 (2.63 %)

Ages 80­84 279 (1.23 %) 3,034 (1.89 %) 7,674 (1.85 %)

Ages 85+ 442 (1.95 %) 6,108 (3.81 %) 14,310 (3.46 %)

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DEVELOPMENT ACTIVITY

CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 1

DEVELOPMENT ACTIVITY

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DEVELOPMENT ACTIVITY

Hollywood is the third largest city in Broward County and is strategically located on the South Florida coast between Fort Lauderdale and Miami. Hollywood is adjacent to the Fort Lauderdale-Hollywood International Airport and is the primary home to Port Everglades. In addition to its proximity to I-95 and the Florida Turnpike, Hollywood is home to two Commerce/Industrial Parks and has a growing niche in Professional Services and Healthcare. There is more than $1.45 billion in real estate development, planned or under construction, throughout the city with key commercial corridors offering additional

redevelopment opportunities. Downtown Hollywood is easily accessible to

South Florida’s major cities and offers convenient

connections through commuter rail service

creating an ideal e n v i r o n m e n t

ABOUT US

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DEVELOPMENT ACTIVITY

CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 3

for mixed-use, transit-oriented projects that provide the urban lifestyle many are seeking.

Hollywood is a global tourism destination with visitors coming to stay along the historic oceanfront Broadwalk—a 2.5 mile pedestrian promenade just steps from the Atlantic Ocean featuring shops, restaurants, and accommodations to fit every taste and budget. The city boasts a high quality of life with more than 60 parks, five golf courses, and a variety of recreational amenities including a nearly 10-acre urban park in the heart of Downtown Hollywood with outdoor concerts and special events within a burgeoning arts scene.

CONTENTS59111315182229334042

CONTACT USOUR MISSIONEconomic Development

2600 Hollywood Blvd. Room 203 • Hollywood, FL954.921.3620

www.choosehollywoodfl.comRaelin Storey, [email protected]

Director, Communications, Marketing & Economic Development

Community Redevelopment Agency1948 Harrison Street • Hollywood, FL

954.924.2980www.hollywoodcra.org

Jorge Camejo, [email protected] Director

Hollywood’s economic development team is committed to implementing a holistic and sustainable economic growth strategy that results in a robust economy and healthy neighborhoods. We are here to help you with:

• Confidential Project Management• Site Selection• Market Research + Data• Business Connections• Permitting + Regulatory Guidance• Economic Incentives

COMMERCIAL MARKETS

INDUSTRY

PORT EVERGLADES

TRANSPORTATION + ACCESSIBILITY

DISTRICT DEVELOPMENT

COMMUNITY REDEVELOPMENT AGENCY

DEVELOPMENT ACTIVITY COMPLETED

DEVELOPMENT ACTIVITY UNDER CONSTRUCTION

DEVELOPMENT ACTIVITY PLANNED

REDEVELOPMENT OPPORTUNITIES

DEVELOPMENT MAP

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DEVELOPMENT ACTIVITY

Hollywood’s urban and suburban commercial corridors boast more than 5 million square feet of office space with an occupancy

rate above 93%.Hollywood BeachBroadwalk

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DEVELOPMENT ACTIVITY

CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 5

COMMERCIAL MARKETS

From its beaches, to its lively downtown, to its distinctive neighborhoods, Hollywood is a City focused on the future where businesses discover a welcoming climate for economic growth and sustainable development. Florida’s Hollywood offers all the amenities of a global tourism destination combined with the resources national and international companies seek when looking for the right location to call home.

• Office vacancy rates are trending lower and asking rents are up, yet Hollywood remains competitively priced for businesses seeking to relocate or expand while keeping costs down.

• Companies are choosing Hollywood for its convenient location with easy access to Port Everglades, Fort Lauderdale Hollywood International Airport, and major transportation routes.

Businesses are expanding and new visitors and residents are discovering the unique blend of value and quality that sets Hollywood apart from other South Florida cities.

• National tenants are locating in Hollywood and adding to its core retail market which continues to grow at a steady and sustainable pace with retail vacancies trending below 5%.

• The Place at Hollywood, completed in early 2016, boasts over 300,000 square feet of new and redeveloped retail space and is thriving with national retailers such as Walmart, Pollo Tropical, TD Bank, Ross, Burlington, Bank of America and Aldi.

Seminole Hard Rock

Hotel & Casino

Fall 2019 Completion

$1.5 BILLIONEXPANSION

The Hard Rock Guitar Hotel will feature 638 luxury guest rooms & suites.

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DEVELOPMENT ACTIVITY

VSource: Greater Fort

Lauderdale Convention & Vistors Bureau

Margaritaville Hollywood Beach Resort

oted a top 15 beach destination by TripAdvisor

and ranked as one of Buzzfeed’s best vacation spots, Hollywood Beach

attracts tourists from around the world. This steady flow of visitors

creates a constant demand for quality retail and

entertainment options.

The Diplomat Beach Resort Hollywood

77%AVERAGE HOTELOCCUPANCY

AVERAGE DAILY RATE

$14877%

AVERAGE HOTELOCCUPANCY

AVERAGE DAILY RATE

$148

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DEVELOPMENT ACTIVITY

CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 7

COMMERCIAL MARKETS

The time is right to invest in starting or growing a business in Hollywood. Prime locations will give you a competitive advantage to get your products and services to market faster and at a lower cost.

The Southeast Broward County Industrial Market, encompassing Hollywood, Dania Beach, Hallandale Beach and Fort Lauderdale, has shown positive growth for the past year. Vacancy rates in the industrial market have trended below 4% with average asking rents at $10.70 SF. Tenant interest has grown in the prime industrial parks in Hollywood including the South Florida Design & Commerce Center and the Port 95 Commerce Park. These ideally located parks are populated by a wide variety of business sectors, from aerospace companies to advertising agencies to architectural and interior design firms.

An eclectic cluster of high-end design firms have formed the South Florida Design Park which features Kravet, Jerry Pair, Stark Carpet, Scalamandré, Stephen Turner, J Nelson, Judith Norman Now, Jeffrey Michaels and Snaidero, among others.

Vacancy rates in the industrial market have

trended below 4% with average asking rents at $10.70.

93.1%

5.3MILLION SF

Office MarketOccupancy

Total OfficeInventory

Sources: CBRE, CoStar

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DEVELOPMENT ACTIVITY

Healthcare+ Social

Assistance

Retail Trade Leisure +Hospitality

Administration+ SupportServices

Professional+ BusinessServices

HOLLYWOOD’S TOP 5 INDUSTRIES

Joe DiMaggio Children’s HospitalABOUT OUR WORKFORCE

38% BACHELOR’S DEGREE OR HIGHER

40AREA COLLEGES& UNIVERSITIES

46,000+AVIATION WORKERS

83,000+

LABORFORCE

1MHOLLYWOOD

BROWARDCOUNTY

79,000+EMPLOYEES INHEALTH CARE &

SOCIAL ASSISTANCE

13,000LIFE SCIENCEWORKERS

80,000INFORMATION & COMMUNICATIONTECHNOLOGY WORKERS

38% BACHELOR’S DEGREE OR HIGHER

40AREA COLLEGES& UNIVERSITIES

46,000+AVIATION WORKERS

83,000+

LABORFORCE

1MHOLLYWOOD

BROWARDCOUNTY

79,000+EMPLOYEES INHEALTH CARE &

SOCIAL ASSISTANCE

13,000LIFE SCIENCEWORKERS

80,000INFORMATION & COMMUNICATIONTECHNOLOGY WORKERS

Source: Greater Fort Lauderdale Alliance

Joe DiMaggio Children’s Hospital

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DEVELOPMENT ACTIVITY

CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 9

INDUSTRY

It’s all about location and Hollywood has it – in the heart of South Florida between Fort Lauderdale and Miami. Hollywood is at a crossroads for international trade with easy access to major employment centers and key transportation routes. Leading companies call Hollywood home including:

HEICO Corporation - a top manufacturer of aerospace, defense, industrial and electronics components.Sintavia - the first of its kind metal additive manufacturer (AM) in North America offering large-scale AM production coupled with a robust aerospace quality management system. Quantum Marine - pioneered the world’s most advanced marine stabilizing technologies, serving the luxury yacht, military and commercial industries.Chewy.com - the online pet retailer recently brought its customer service center to Hollywood. Memorial Healthcare System - one of the largest public healthcare systems in the nation.

Incredible opportunities exist for Hollywood’s target industry clusters. The city is focused on expanding these industries:

• Healthcare• Aerospace/Aviation• Marine Industries• Professional Services/Info Tech

Are you considering a corporate relocation or are you an entrepreneur seeking the right environment for your start-up? Hollywood offers affordable corporate office space to grow your business with trends showing an increase in the office rental market. The City works in partnership with private industry, economic development organizations, and educational institutions to create the ideal conditions for business growth.

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DEVELOPMENT ACTIVITY

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CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 11

PORT EVERGLADES

Port Everglades is South Florida’s “powerhouse port” and one of the most diverse seaports in the United States. It is among the top cruise ports in the world and one of the most active containerized cargo ports in the United States, serving as South Florida’s main seaport for petroleum products such as gasoline and jet fuel.

Exotic cruise vacations and international trade are what make Port Everglades a vital economic engine for Hollywood and Broward County. As a leading container port in a region that thrives on trade and tourism, the Port is the ideal point of entry for companies that conduct business in Latin America, the Caribbean, Europe and the Far East. A foreign-trade zone and available office space within the Port make it a highly desirable business center for world trade.

Port Everglades is a self-supporting Enterprise Fund of Broward County government. It does not rely on local tax dollars for operations or capital improvements. The total value of economic activity at Port Everglades now tops $34 billion annually, and more than 231,600 Florida jobs are impacted by the Port, including 13,130 people who work for companies that provide direct services to Port Everglades.

The Port is moving forward with several expansion projects designed to meet the demands of a growing population and the needs of the maritime industry. These capital improvements are expected to be completed during the next five years increasing productivity and throughput.

34BILLION

Annual Economic Activity

3RDBUSIEST

Passenger Cruise Port

#1FLORIDA’S

Seaport by Revenue

Source: FY2018 Port Everglades Commerce Report

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CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 13

TRANSPORTATION + ACCESSIBILITY

Hollywood is the nexus of South Florida, offering unbeatable proximity to key transportation assets. Hollywood provides easy access to major highways including Interstates 95, 595 and 75, along with Florida’s Turnpike.

Fort Lauderdale-Hollywood International Airport (FLL)FLL is located on the City’s northern boundary and is the fastest growing large hub airport in the country. The airport processed nearly 36 million passengers in 2018—an increase of 10.6 percent from the previous year. There are more than 350 departure and 325 arrival flights daily, and FLL offers nonstop service to more than 100 U.S. cities and flights to Canada, the Caribbean, Mexico, Latin America, Europe and the Middle East, including non-stops to Dubai. With an average of 650 commercial flights per day on 30 airlines, each day over 36,000 travelers pass through the four terminals at FLL.

Freight RailBoth the Florida East Coast Railway (FEC) and CSX Railroad run through Hollywood offering convenient and affordable rail transportation for moving freight between rail yards and trucking terminals. To ensure continued economic growth for the region, FEC has invested in a $53 million, 43-acre

near-dock intermodal container transfer facility within Port Everglades that transfers international and domestic containers between ship and rail and handles domestic containers originating in or destined for the eastern United States.

Passenger RailAs part of the South Florida Regional Transportation Authority, Tri-Rail commuter service connects Hollywood with Miami to the south and downtown West Palm Beach to the north. Two stops are located in Hollywood and convenient bus connections are provided from all Tri-Rail stations. Additionally, the three major South Florida airports (Fort Lauderdale/Hollywood, Palm Beach and Miami) are accessible via train and connecting shuttle service.

Sun Shuttle The Sun Shuttle, powered by Circuit© is an environmentally-friendly, electric public transportation option that transports riders through service areas in Downtown Hollywood, on Hollywood Beach, and along Federal Highway. Riders can download the “Ride Circuit” app to quickly and easily get where they want to go in Hollywood, completely free of charge.

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DEVELOPMENT ACTIVITY

Rendering: FEC Corridor Complete Streets

Rendering: Federal Highway Complete Streets

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DEVELOPMENT ACTIVITY

CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 15

URBAN DESIGN + INFRASTRUCTURE

Welcoming + Accessible Complete StreetsConstruction is nearly complete on the City’s first Complete Streets project—Hollywood Boulevard from City Hall east to Dixie Highway. This is the Broward County Metropolitan Planning Organization’s flagship project serving as a model for how streets should be designed to support all forms of transportation in the future. Additional Complete Streets projects are planned or currently underway in Hollywood including: the FEC Corridor Greenway (Dixie Highway and 21st Avenue), State Road 7, A1A on Hollywood Beach and Federal Highway.

State Road 7 Corridor ExpansionState Road 7 serves as a key corridor through South Florida serving numerous commercial and residential districts. The State Road 7 expansion features six traffic lanes and incorporates sewer service throughout the corridor. The project follows a Complete Streets model which includes landscaped safety medians, new lighting, sidewalks, bicycle lanes and bus bays. A new linear park along the corridor makes this a distinctive, visually appealing thoroughfare that is safer for pedestrians, residents and motorists. Rezoning of this area has been completed to allow for mixed-use development and increased density and intensity of uses.

Downtown Regional Activity CenterRecognizing the importance of the Regional Activity Center (RAC) designation, the City of Hollywood rezoned the RAC to encourage attractive and functional redevelopment in this area of regional significance. Hollywood’s RAC covers an area over 1,450 acres including Downtown Hollywood and the key commercial and residential corridors of Federal Highway, Dixie Highway and Hollywood Boulevard.

Rendering: Hollywood Blvd. Complete Streets Streets

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DEVELOPMENT ACTIVITY

View of the Circ Hotel and Circ Residences on Young Circle in

Downtown Hollywood

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DEVELOPMENT ACTIVITY

CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 17

OPPORTUNITY AWAITS

Opportunity Zones Opportunity Zones are census tracts designated by the federal government, where investments receive preferential tax treatment under the Tax Cuts and Jobs Act of 2017. The goal is to spur economic development and job creation in these areas by providing tax incentives. Two designated Opportunity Zones are located in the City of Hollywood:

1. Liberia - Oakwood Plaza - South Florida Design & Commerce Center 2. Young Circle - Hollywood Boulevard - South Federal Highway

The City’s role in the Opportunity Zones program is to connect funding with projects, provide a database of investment projects and to leverage zone investment to create new opportunities for residents that encourage upward mobility.

HOLLYWOOD BLVDPINES BLVD

WASHINGTON ST

PEMBROKE RD

SHERIDAN ST SHERIDAN ST

STIRLING RDSTIRLING RD

GRIFFIN RD

ORANGE DR

GRIFFIN RD

95

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FORT LAUDERDALEHOLLYWOOD INT’L

AIRPORT

PORTEVERGLADES

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HALLANDALE BEACH BLVD

SHERIDAN ST

1

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Florida State Statute Chapter 163, Part III allows a local government to create a Community Redevelopment Area (CRA) when conditions of slum and blight exist. It provides financial and planning tools to create programs that foster private investment. The Hollywood CRA is comprised of two districts: the Beach district and the Downtown district.

CRA Beach DistrictThe CRA Beach District includes approximately 293 acres from Sherman Street south to the southern property line of the Diplomat Beach Resort, and from the Intracoastal Waterway east to the Atlantic Ocean. The Redevelopment Agency’s focus is on improving and revitalizing the District by implementing a multi-pronged approach to redevelopment.

Hollywood Beach is known for its world-famous Broadwalk which stretches 2.5 miles along the white sand. Luxury resorts and charming boutique hotels accommodate international and domestic visitors. Hollywood Beach offers numerous retail, residential and commercial redevelopment opportunities.

CRA Downtown DistrictThe Downtown Hollywood District boundaries include approximately 580 acres, including the 10-acre ArtsPark at Young Circle, and the Hollywood Beach Golf Club. The boundaries are Washington Street to the south, 22nd Avenue to the west, and Johnson Street to the north. The eastern boundaries are: 14th Avenue from Johnson Street south to Polk Street, 16th Avenue from Polk Street to Van Buren Street, and 17th Avenue from Van Buren Street to Washington Street.

COMMUNITY REDEVELOPMENT AGENCY

HOLLYWOOD BLVD.

HALLANDALE BEACH BLVD.

SHERIDAN ST.

AT

LAN

TIC

OC

EAN

INT

RA

CO

AST

AL

WA

TER

WA

Y

Diplomat Beach Resort1,000 Rooms

Sage Beach24 Beachfront

condos

Margaritaville Resort349 Rooms

1,056-space Parking GarageLEED Silver Resort

Costa Hollywood307 units

30,000+ sq. ft. retail

Nevada St.Parking GarageMarriott Hollywood Beach

229 Rooms

Sunset Harbor10 four-storytownhomes

Sky Harbor8-unit luxury

condos

Positano 1117 unitsVillas of Positano

62 units

ExistingDevelopment

ScheduledDevelopment

Diplomat ResortExpansion

CRA Beach District

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CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 19

COMMUNITY REDEVELOPMENT AGENCY

NYO

UNGCIRCLE

EY

OU

NG

CIR

CLE

S YOUNG CIRCLEHARRISON ST

VAN BUREN ST

JACKSON ST

TYLER ST

POLK ST

TAYLOR ST

FILLMORE ST

19TH

AV

E

HOLLYWOOD BLVD.

20TH

AV

E

21ST A

VE

FEC R

AILW

AY

DIX

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US-1

US-1

Hollywood Blvd - Historic District

AnniversaryPark

Hollywood StationCondominium

211 Units

Courtyards ofHollywood Station

43 Townhomes

Retail/Office/Residential

Hollywood East247 Residential

Units

Barry UniversityGraduate School

of BiomedicalSciences

Cinema ParadisoHollywood

Art-house cinema

ExistingDevelopment

ScheduledDevelopment

Landmarks

RedevelopmentOpportunity

Public ParkingGarage

Young Circle Commons229 Residential units

24,916 sq. ft.commercial space

RedevelopmentOpportunity

City of HollywoodTransit Oriented

Development RedevelopmentOpportunity

Parc Place411 Residential units

18,098 sq. ft. commercial space

Sol Van Buren62 Residential Units

Art &Culture

Center ofHollywood

Radius311 Residential units

40,000 sq. ft. commercial space

Lofts at Hollywood Station93 Condos

Hollywood Circle397 Residential units

104 roomboutique hotel58,646 sq. ft.

commercial space incl.48,000 sq. ft. Publix

RedevelopmentOpportunity

Regent Park253 Units Redevelopment

Opportunity

CRA Downtown District

Downtown Hollywood offers new and planned construction of Class-A office space, co-working space, mixed-use development opportunities, flexible zoning and the charm of a traditional downtown. Pedestrian-friendly, brick-paved sidewalks and convenient north-south and east-west corridors make Downtown Hollywood an easy and ideal area to navigate by foot, bicycle,

vehicle or public transportation. Home to the Hollywood Art & Culture Center; Cinema Paradiso – Hollywood art-house cinema; the ArtsPark at Young Circle; and dozens of international restaurants, galleries and unique shops, Downtown Hollywood is a distinctive business, cultural and entertainment market, and an exciting place to live, work and play.

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Mural in Downtown Hollywood by artist Ernesto Maranje

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CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 21

CITY OF HOLLYWOOD AND CRA GRANT PROGRAMS

Commercial Property Improvement Program (CPIP)This program is designed to improve the façades of privately owned commercial or industrial buildings within commercial corridors including Hollywood Boulevard, Johnson Street, Dixie Highway and Federal Highway. CPIP grant funds are available to property owners who restore, renovate or improve the exterior of their building and property enhancing the visual quality and attractiveness of the corridor. The program consists of a reimbursement grant for a percentage of the construction cost up to a maximum amount of $25,000 per property/property owner on a post-completion basis.

Property Improvement Program (PIP)The Property Improvement Program (PIP) is a grant program for buildings located in the Hollywood CRA Districts. It provides a 50% reimbursement grant up to $50,000 for comprehensive fixed capital improvements to the property. The intent of the program is to encourage property and business owners to restore, renovate and improve their property, thereby improving the area’s visual quality and attractiveness, and increasing property values.

Hotel Improvement Program (HIP)The Hotel Improvement Program (HIP) is a

grant program for hotels/motels, inns, or bed and breakfasts located in the Hollywood CRA Districts. It provides a 33% reimbursement grant up to $250,000 or 20% of the assessed value, whichever is lower, for comprehensive fixed capital improvements to both the interior and exterior of the property. To receive this grant, the property is required to become certified as a Superior Small Lodging (SSL) or AAA Diamond Rated property.

Paint Only Program (POP)The Paint Only Program (POP) is a grant program for properties located in the Hollywood CRA Districts. It provides a 50% reimbursement grant up to $10,000 for cleaning, patching and painting of the building exterior when done by a licensed contractor.

Mural Only Program (MOP)The Mural Only Program (MOP) is a reimbursement grant program to leverage private investment for on-site property enhancements. The MOP offers a 50% reimbursement grant up to a maximum reimbursement of $10,000 per property for costs associated with the creation and installation of a painted or mosaic mural, including design, labor, materials and equipment, on the exterior surface of buildings and structures located within the CRA Districts.

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DEVELOPMENT ACTIVITY

DEVELOPMENT ACTIVITY | COMPLETED

Hyde Resort and Residences

$200+MILLION

Development Delivered to Market Last Year

50,000SF

Retail + Restaurant+ Entertainment Space

Approximately $200 million in development was completed in Hollywood last year including more than 50,000 SF of retail, restaurant and entertainment space, with more on the way. It’s never been a better time to invest in Hollywood. From its strategic location and proactive business environment to its outstanding quality of life, Hollywood is where you want to be.

The Hollywood submarket is a center for employment in healthcare and retail trade. Its two main office nodes are along Hollywood Boulevard and Sheridan Street. Major employers include HEICO, Brandsmart, and the Seminole Hard Rock Hotel & Casino. Major tenants include Amsurg, the IRS and AT&T. Rents trend slightly less than the metro average with higher than average occupancy rates. Sales activity was solid in 2018. One of the largest trades occurred in July when the Memorial South medical building sold for $11.5 million, or about $198.91/SF, representing an almost 40% gain over what the sellers paid for the asset in 2015.

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CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 23

H

DEVELOPMENT ACTIVITY | COMPLETED

ollywood-based Sintavia, LLC, the leading Tier One metal additive manufacturer for the Aerospace &

Defense industry, has opened a new 55,000 SF advanced manufacturing facility. This new facility offers large-scale AM production coupled with a robust aerospace quality

management system. The expansion brings more than 130 new jobs for skilled employees and support staff to Hollywood.

New 55,000 SF Sintavia Aerospace Component Production Facility in

Port 95 Commerce Park

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DEVELOPMENT ACTIVITY | COMPLETED

Büro Hollywood (CRA Downtown District)Büro’s newest co-working space is located in the heart of the emerging arts district in historic Downtown Hollywood. The three-story 15,000 SF building boasts double height ceilings on the ground level with mezzanine space and classic art-deco features.

Location: 2031 Harrison StreetDeveloper: 2031 Harrison, LLCInvestment: $2.5 MillionWebsite: buromiami.com

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CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 25

DEVELOPMENT ACTIVITY | COMPLETED

2. Meliã Costa Hollywood

Meliã Costa Hollywood is redeveloping the former Hollywood Grande site on Hollywood Beach into one of South Florida’s premier mixed-use hotel developments. It will feature 304 condo-hotel units, 11,000 SF of retail space, 24,000 SF of restaurant space, meeting space as well as a gym and spa. The hotel will also boast its own 225-car mechanical parking system that allows visitors and residents to drop keys with a valet, after which the car will be whisked into its vertical storage space via elevator.

Location: 777 North Ocean DriveDeveloper: Liberty Grande, LLCInvestment: $150 MillionWebsite: costahollywood.com

DEVELOPMENT ACTIVITY | UNDER CONSTRUCTION

CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 17

Costa Hollywood(CRA Beach District)

Costa Hollywood Condo Resort is one of South Florida’s premier mixed-use hotel developments. It features 304 condo-hotel units, 11,000 SF of retail space, 24,000 SF of restaurant space, meeting space as well as a gym and spa. The hotel boasts its own 225-car mechanical parking system that allows visitors and residents to drop keys with a valet, after which the car is whisked into its vertical storage space via elevator.

Location: 777 North Ocean DriveDeveloper: Liberty Grande, LLCInvestment: $150 MillionWebsite: costahollywood.com

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DEVELOPMENT ACTIVITY | COMPLETED

Hollywood Circle(CRA Downtown District)

Hollywood Circle is a 25-story, mixed-use development located in the center of Downtown Hollywood on Young Circle. The development includes 397 upscale rental apartments ideal for those seeking an exciting, urban environment: The Circ, a uniquely branded 111-room boutique hotel; a 46,000 SF Publix supermarket; and approximately 15,000 SF of additional retail space.

Location: 1776 Polk StreetDeveloper: Hollywood Circle, LLCInvestment: $160 MillionWebsite: hollywoodcirclefl.com

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CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 27

DEVELOPMENT ACTIVITY | COMPLETED

Seaside Village

Seaside Village is a boutique style development consisting of 15 waterfront condo units and 8 luxury single family homes. The project is located adjacent to the Intracoastal Waterway in Hollywood’s North Beach neighborhood and also includes a marina.

Location: 6024 North Ocean DriveDeveloper: Vintage Homes, Inc.Investment: Approx $38 MillionWebsite: seasidevillagenorthbeach.com

Nevada Street Garage(CRA Beach District) The Nevada Street Garage is a 304-space public parking garage to Hollywood Beach between Nebraska and Nevada Streets along A1A and North Surf Road. The eight level, 128,542 SF garage has Real-Time Parking Space Availability Counter System, ParkMobile and Pay-By-Plate options, eight handicap accessible spots for disabled drivers, and four electric vehicle charging stations.

Location: 327 Nebraska Street Construction Contractor: Kaufman Lynn Website: www.kaufmanlynn.com

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DEVELOPMENT ACTIVITY | COMPLETED

Sintavia

Sintavia is an advanced manufacturing facility located on the northeast corner of SW 25th Avenue and SW 39th Street, within the Port 95 Commerce Park. The two-story building encompasses approximately 55,000 SF of office and warehouse space. It is an industry leader in the additive manufacturing process through its use of metal powder bed fusion printers (3D metal printers), metallurgical laboratory, mechanical testing and CT scanners.

Location: 2500 SW 39th Street Developer: Apogee Investment Partners, LLC Investment: $8.5 MillionWebsite: sintavia.com

Toyota of Hollywood

Toyota of Hollywood developed an approximately 408,000 SF dealership that replaced its former facility. The new Toyota complex was built on multiple lots totaling about 7.5 acres. It includes a showroom, office, service area and a five-story parking garage.

Location: 1841 N State Road 7 Developer: Triangle Auto Center, Inc. Investment: $25 millionWebsite: toyotaofhollywood.com

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CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 29

DEVELOPMENT ACTIVITY | UNDER CONSTRUCTION

Hollywood East (CRA Downtown District) Hollywood East (formerly known as H3) will bring a 15-story, mixed-use development featuring over 247 residential units to Downtown Hollywood. The project will also include nearly 4,800 SF of commercial space.

Location: 2165 Van Buren StreetDeveloper: Hollywood East, LLC

Design Center of HollywoodKravetThe redevelopment of a former manufacturing facility into the Design Center of Hollywood began in 2017. Kravet recently opened a refurbished 14,000 SF office, showroom and warehouse in the facilty located within the South Florida Design & Commerce Center. Kravet is the industry leader in to-the-trade fabric and furnishings, offering the widest range of colors, patterns and textures in every design style. Known for extraordinary quality, Kravet offers the finest fabric, furniture, wallpaper trimming, carpet and drapery hardware. The build out of an additional 46,000 SF of showroom and office space is still underway in the Design Center.

Location: 3040 North 29th AvenueDeveloper: Josh Yashar + Shlomo YasharWebsite: kravet.com

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DEVELOPMENT ACTIVITY | UNDER CONSTRUCTION

Pinnacle at Peacefield

Pinnacle at Peacefield is an approved multi-family development comprised of 120 units qualified as affordable rental housing for seniors. The three-story building will be located in Hollywood’s Regional Activity Center District featuring associated parking, landscaping, and common recreational area and activity elements. The first residents are expected to move in Spring 2020.

Location: Adams Street and South 24th Avenue and South Dixie HighwayDeveloper: Pinnacle at PeacefieldInvestment: $15 million

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CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 31

DEVELOPMENT ACTIVITY | UNDER CONSTRUCTION

Hyde Beach House

Hyde Beach House is the Related Group’s second Hyde branded resort on Hollywood Beach. The development will be a mixed-use condo hotel on a 2.4 acre site along Hollywood Beach’s Intracoastal. The development nearing completion, will feature 342 luxury units and will include ground floor retail.

Location: 4000 South Ocean DriveDeveloper: PRH 4000 South OceanInvestment: $225 Million

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DEVELOPMENT ACTIVITY | UNDER CONSTRUCTION

The Preserve at Emerald Hills

MG3’s development on the former site of Lake Eden, The Preserve at Emerald Hills is a master planned community consisting of 40 luxury coach homes and 77 luxury estate homes. Phase I is nearing completion with homeowners moving in while Phase II gets underway

Location: Stirling Road + SW 35th AvenueDeveloper: MG3 DevelopersInvestment: $60 MillionWebsite: thepreserveatemeraldhills.com

Parkview at Hillcrest

Parkview at Hillcrest is an approximately 243 acre residential development located between Pembroke Road and Washington Street east of 52nd Avenue. It is a project of Pulte Homes, Inc. consisting of 645 single family homes and townhomes. Phase I is largely completed with homeowners moving in while Phases II and III are moving forward.

Location: 4600 Hillcrest DriveDeveloper: Hillcrest Country Club, LLP Investment: $300 MillionWebsite: www.pulte.com/parkview

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CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 33

DEVELOPMENT ACTIVITY | PLANNED

Block 40 (CRA Downtown District)

Block 40, formerly Young Circle Commons, is an approved mixed-use development located at the southwest corner of Hollywood Boulevard and Young Circle at the site of the former Great Southern Hotel. The development will include 166 upscale residential units and 103 hotel rooms with approximately 30,000 SF of commercial space. The development will preserve and incorporate the north and west facades of the former hotel with the new project.

Location: 1858 Hollywood Blvd.Developer: Block 40, LLCInvestment: $80 Million

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DEVELOPMENT ACTIVITY | PLANNED

Hollywood House

Hollywood House is a planned mixed-use development near the SR-7 corridor south of Stirling Road. The development will include 47 residential units and 9617 SF of general office space.

Location: 4231 N 58th AvenueDeveloper: 58 Oak, LLCInvestment: $18 million

441 ROC

441 ROC is an approved commercial development located on the northeast corner of US-441 and Griffin Road. The development includes an eight-story, multi-family residential development comprised of 180 units, a Wawa gas station, Wendy’s restaurant and a storage facility.

Location: NE Corner of US-441 and Griffin RoadDeveloper: LL Hart Development LLCInvestment: $42 million

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CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 35

DEVELOPMENT ACTIVITY | PLANNED

The Blue Building(CRA Beach District)

The Blue Building is an approved mixed-use development located at 320-324 Minnesota Street on Hollywood Beach. The development includes a five-story building featuring hotel rooms on the second, third and fourth floors and office space on the fifth floor.

Location: 320-324 Minnesota StreetDeveloper: Marilyn Gallego and Aylee HallakInvestment: $3.1 million

Nine Hollywood (CRA Downtown District)

Nine Hollywood is a planned 18-story, mixed-use commercial, multi-family residential development with 226 units and 7,315 SF ofretail space located just north of the ArtsPark at Young Circle.

Location: 320 South Federal HighwayDeveloper: Jackson Street Development LLCInvestment: $30 million

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DEVELOPMENT ACTIVITY | PLANNED

Fiori VillageFiori Village is an approved residential development located along the South Federal Highway corridor between Dewey and Washington Streets in Hollywood. This 100-unit development reflects the recent zoning changes made to the City’s downtown Regional Activity Center designed to attract mixed-use development.

Location: 901 S Federal HighwayDeveloper: Housing Trust Group, LLC (HTG)Investment: $18 Million

Monroe Residences (CRA Downtown District)The Monroe Residences is an approved five-story, 40-unit condominium near Downtown Hollywood on Monroe Street. The proposed 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.

Location: 1840-1850 Monroe StreetDeveloper: Gusmell, LLCInvestment: $7 MillionWebsite: monroecondo.com

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DEVELOPMENT ACTIVITY

CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 37

DEVELOPMENT ACTIVITY | PLANNED

Parc Place Block 58 (CRA Downtown District)

Parc Place is a planned mixed-use development located in Downtown Hollywood consisting of three towers with 433 apartments, 786 parking spaces and 20,160 SF of commercial space. The three-phase construction project consists of two towers 11 stories tall and one 25-story tower.

Location: 1727-1745 Van Buren, 1700-1716 Harrison Street, 1740-1760 South Young Circle

Sol Van Buren(CRA Downtown District)

Sol Van Buren is an approved residential development located at the southwest corner of Van Buren Street and South 20th Avenue in Downtown Hollywood. The development includes 62 units: seven lofts, seven studios, 23 units with one bedroom and 25 units with two bedrooms.

Location: 2000 Van Buren StreetDeveloper: Sol Van Buren LLCInvestment: $4.7 million

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DEVELOPMENT ACTIVITY

DEVELOPMENT ACTIVITY | PLANNED

Tobin Office Building

Tobin Building is a planned 18,000 SF office building near Memorial Regional Hospital South in Hollywood.

Location: 3701 Hillcrest DriveDeveloper: Jason L TobinInvestment: $4.6 million

The Rock HotelThe Rock Hotel is an approved six-story hotel development located on South State Road 7 directly across from the famed Seminole Hard Rock Hotel. This development will feature 100 guest rooms and a roof-top eatery that will serve kosher fare to guests, offering sweeping views of the Hollywood skyline and beaches.

Location: 5530 S. State Road 7Developer: Shoppes of Hard Rock, LLCInvestment: $10 Million

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CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 39

DEVELOPMENT ACTIVITY | PLANNED

Icon Office Building(CRA Downtown District)

Icon Offfice Building is a planned 72,000 SF commercial building with retail bays and a financial institution on the ground floor.

Location: 1895 Tyler Street Developer: Icon Office Building, LLCInvestment: $10 million

Tyler Street Offices(CRA Downtown District)

Tyler Street Offices is an approved commercial development located at 1955 Tyler Street in Downtown Hollywood. The development includes a three-story building with retail spaces on the ground floor and executive suites on the second and third floors.

Location: 1955 Tyler Street and 209 N 20th AvenueDeveloper: Tyler Street OfficesInvestment: $2 million

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DEVELOPMENT ACTIVITY

DEVELOPMENT OPPORTUNITIES

Sheridan Station TOD

The Florida Department of Transportation is interested in a public-private partnership for the development of the Sheridan Street Park & Ride Lot owned by the FDOT and adjacent to the Tri-Rail station. Developer would construct, operate and maintain a mixed-use commercial/residential Transit Oriented Development while preserving the existing transportation-related facilities.

Location: Generally southwest of I-95 + Sheridan StreetArea: 17.5 AcresZoning: Planned DevelopmentLand Use: Transit Oriented DevelopmentADT: 320,000 VehiclesContacts: Dan Marwood, FDOT 954.777.4238 [email protected]

Raelin Storey, City of Hollywood [email protected]

Area:

Zoning:

Land Use:

17.5 Acres

Planned Development District

Transit Oriented Development

Development Rights

299,000 Sq Ft O­ce

300,000 Sq Ft Commercial

150-Room Hotel

550 Mid-Rise Residential Units

95SOUTH

NORTH

SHERIDAN STREET 46,000 ADT

274,000 A

DT

TAFT STREET

PLANNEDRESIDENTIAL

DEVELOPMENT

SHERIDAN STREETTRI-RAIL STATION

COMMUNITYPARK

TRI-RAIL CSX LINE

FLORID

A’S TURNPIKE

STIRLING RD

SHERIDAN ST

HOLLYWOOD BLVD

GRIFFIN RD

PEMBROKE RD

HALLANDALE BEACH BLVD

FORT LAUDERDALEHOLYWOOD

INTERNATIONALAIRPORT

PORT EVERGLADES

95

US 1

A1A

SR 7

595N

Sheridan Station TOD

Department of Community & Economic Development2600 Hollywood Boulevard

Hollywood, FL 33020954.921.3271

North Federal

Be a part of the revitalization of a prime commercial corridor just blocks from bustling Young Circle and Downtown Hollywood’s rapidly changing core, where more than $350 million in public and private investment is taking shape.

Location: 1203 N. Federal Highway Federal Highway north of Hollywood BoulevardArea: 0.45 Acres Zoning: C-2 - allows residential, hotel, retail, office and other usesLand Use: Regional Activity CenterADT: Federal Highway - 27,500 VehiclesContact: Raelin Storey, City of Hollywood [email protected]

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DEVELOPMENT ACTIVITY

CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 41

DEVELOPMENT OPPORTUNITIES

University Station

The City of Hollywood and the Hollywood CRA are seeking proposals for a Transit Oriented Development in close proximity to the city’s historic Downtown. The subject site is along the FEC Rail Corridor is being considered as a potential commuter rail stop. Additionally, Barry University’s College of Heath Sciences is currently located at the subject site.

Location: 309 N. 21st Ave/Dixie Highway East of FEC Railway + north of Hollywood Blvd Area: 2.51 AcresZoning: Government Use Land Use: Regional Activity Center Contacts: Raelin Storey, City of Hollywood [email protected]

Jorge Camejo, Hollywood CRA [email protected]

Hollywood Boulevard

The City of Hollywood is investing $73 million for a 120,000 SF new police heaquarters with a 450 space parking garage. The new headquarters will be located south of the current facility, making available more than 3 acres fronting Hollywood Boulevard for future commercial development.

Location: 3250 Hollywood Boulevard Area: Approximately 3+ AcresZoning: Government Use Contacts: Raelin Storey, City of Hollywood [email protected]

Shiv Newaldass, City of Hollywood [email protected]

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DEVELOPMENT ACTIVITY

HOLLYWOOD BLVDPINES BLVD

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DEVELOPMENT ACTIVITY

CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 43

HOLLYWOOD BLVDPINES BLVD

WASHINGTON ST

PEMBROKE RD

SHERIDAN STSHERIDAN ST SHERIDAN ST

STIRLING RDSTIRLING RD

GRIFFIN RD

ORANGE DR

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2

3

95

595

9

10

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D

1

33

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FORT LAUDERDALEHOLLYWOOD INT’L

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39

Sage Beach

Positano Beach

Seaside Village

Monroe Residences

Fiori Village

Sol Van Buren

JED Tower

Pinnacle at Peacefield

Parc Station Apartments

Parkview at Hillcrest

The Preserve at Emerald Hills

Hollywood House

Hyde Resort & Residences

Hyde Beach House

Costa Hollywood

Hollywood Circle

Parc Place

Nine Hollywood

Block 40

2165 Van Buren Street

Margaritaville Hollywood

The Blue Building

The Rock Hotel

West Lake Commons

The Icon Building

Büro

Tyler Street Offices

Kravet

Tobin Office Building

Sintavia

Quantum Marine Headquarters

Shoppes at 57th Avenue

The Place at Hollywood

Toyota of Hollywood

AutoNation Honda

441 ROC

Regional Activity Center

Transit Oriented Corridor

Community Redevelopment Districts

Complete Streets Projects

Opportunity Zones

Hollywood Police Headquarters

Sheridan Station TOD

University Station

North Federal

SIGNATURE DEVELOPMENT ACTIVITY

RESIDENTIAL

HOTEL

INFRASTRUCTURE + ZONING

DEVELOPMENT OPPORTUNITIES

COMMERCIAL

MIXED USE

3 1

13

A

21

19

38

D

30

20

9

4

35

B

26

33

34

5

2

32

24

25

16

17

36

40

15

23

22

31

28

29

10

14

37

C

CRA Public Parking Garage

Nevada Street Garage

Port Everglades ICTF

Airport Parking Garage

OTHER

11

8

12

7

27

18

6

39