Related Group and BH Group have officially broken ground on Icon Beach Waterfront Residences in Hollywood, Florida. This ambitious 38-story luxury condominium project aims to capitalize on the city’s growing real estate appeal. Featuring 350 high-end residences and an array of resort-style amenities, the development is scheduled for completion in 2028.
Key takeaways
- The project features a 38-story tower with 350 luxury residences.
- Amenities include a 32-slip private marina and an exclusive beach club.
- The development is backed by a $360 million construction loan from Tyko Capital.
- Construction is expected to conclude by 2028.
A new era for Hollywood real estate
The development represents a significant shift for Hollywood, which is increasingly shedding its reputation as a secondary coastal market. With the backing of major developers like Related Group and BH Group, the project signals a broader trend of luxury investment in the area. Nick Pérez, president of Related Group’s condominium division, noted that the project reflects the city’s ongoing transformation and momentum in the high-end residential sector, positioning Hollywood as a premier destination for buyers seeking an elevated waterfront lifestyle.
Resort-inspired living
Icon Beach Waterfront Residences is designed to offer a comprehensive, resort-style experience. The tower focuses on blending high-end design with functional luxury, ensuring that residents have access to premium facilities without leaving the property. Key amenities include:
- A state-of-the-art health club and fitness center.
- An expansive pool deck for relaxation.
- An outdoor cinema for private screenings.
- Summer kitchens for al fresco dining.
- A reservable event space overlooking the Intracoastal Waterway.
Financial backing and project timeline
The project recently secured a substantial $360 million construction loan from Tyko Capital, providing the necessary financial foundation to move forward with the build. Construction is currently underway, with developers targeting a 2028 completion date. This timeline suggests a steady pace of development for what is expected to be a landmark addition to the Hollywood skyline, reflecting the strong investor confidence in the region’s long-term growth.