Related Group and BH Group have officially broken ground on Icon Beach Waterfront Residences, a significant new condominium development poised to enhance the Hollywood, Florida coastline. This project, featuring two 38-story oceanfront towers, will introduce 350 luxury units to the sought-after South Florida market. The groundbreaking follows the successful origination of a $360 million construction loan earlier this year, with completion anticipated in 2028.
Key Takeaways
- Two 38-story oceanfront towers comprising 350 condominium units.
- Located at 3451 and 3690 S. Ocean Drive, Hollywood, Florida.
- Sales launched in 2024 with prices starting at $825,000.
- Completion is scheduled for 2028.
Project Details and Amenities
Icon Beach Waterfront Residences is situated along one of South Florida’s most desirable coastlines, offering residents direct access to the beach and proximity to numerous retail and dining establishments. The development is also conveniently located just 9 miles from Fort Lauderdale-Hollywood International Airport.
The residences will feature a range of one- to three-bedroom layouts, with interior spaces spanning from 948 to 2,580 square feet. Each unit is designed with open floor plans, floor-to-ceiling glass windows, private terraces, walk-in closets, and modern kitchens equipped with center islands. Bathrooms will include soaking tubs, providing a spa-like experience.
The development boasts extensive amenities, including a private 32-slip marina and a resident beach club. Residents will have access to 40,000 square feet of amenity space, featuring a swimming pool, private cabanas, a spa and wellness center, a 3,000-square-foot health club, and dedicated yoga rooms. Outdoor amenities are also a highlight, with a yoga lawn, a cinema, summer kitchens, an event space, a lounge, and a cocktail bar.
Architectural and Design Team
Cohen Freedman Encinosa & Associates is serving as the architect of record for the project. Interior design is being handled by Meyer Davis, while Witkin Hults + Partners is responsible for the landscape architecture, ensuring a cohesive and luxurious aesthetic throughout the development.
South Florida’s Booming Condo Market
The commencement of Icon Beach Waterfront Residences underscores the robust activity in South Florida’s condominium market. Alongside projects in Miami, other notable developments are underway across the region. For instance, Catalfumo Cos. is developing The Ritz-Carlton Residences in Palm Beach County, a 106-unit, three-tower project expected to be completed this summer. Additionally, a joint venture between Growin Group and Property Pro Partners recently began construction on a 32-unit boutique luxury project in Aventura, Florida, slated for completion in 2027.