Hollywood Warehouse Center Collision automotive warehouse anchored by Maaco Franchise Liberal DH3 zoning permits most industrial uses; including automotive uses, distribution and light manufacturing Long term tenant ProForma Capitalization Rate is 8.35% JOHN DEMARCO, ACP, CCIM 9546788733 JohnDeMarco@Remax.net RE/MAX 5 STAR REALTY 4151 Hollywood Blvd Hollywood, FL 33020 (954) 3610000 www.demarcogroup.com Each office independently owned and operated
INVESTMENT DETAILS ANALYSIS Analysis Date March 2019 PROPERTY Property Property Address Hollywood Warehouse Center 2120 Wiley Street Hollywood, FL 33020 Year Built 1987 PURCHASE INFORMATION Property Type Commercial Purchase Price $2,500,000 Tenants 1 Total Rentable Sq. Ft. 14,919 FINANCIAL INFORMATION All Cash LOANS Type Debt Term Amortization Rate Payment LO Costs All Cash INCOME & EXPENSES Gross Operating Income $0 Monthly GOI $0 Total Annual Expenses ($35,594) Monthly Expenses ($2,966) P. 2 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by
EXECUTIVE SUMMARY Acquisition Costs Purchase Price, Points and Closing Costs $2,500,000 Investment Cash $0 Investment Information Purchase Price $2,500,000 Price per Tenant $2,500,000 Price per Sq. Ft. $167.57 Income, Expenses & Cash Flow Gross Scheduled Income $0 Total Vacancy and Credits $0 Operating Expenses ($35,594) Net Operating Income ($35,594) Debt Service $0 Cash Flow Before Taxes ($35,594) Financial Indicators Debt Coverage Ratio N/A Capitalization Rate 1.42% Gross Income / Square Feet $0.00 Gross Expenses / Square Feet ($2.39) Operating Expense Ratio N/A P. 3 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by
PROPERTY DESCRIPTION John DeMarco with Re/max 5 Star Realty is pleased to exclusively present the sale of 2120 Wiley St Hollywood. The subject property is currently leased to a single tenant who has been operating a Maaco collision and paint franchisee at this location since 1991. The physical building is in overall excellent condition. It consists of 14,919 sf of useable space well situated on a large 40,529 sf lot. The property is currently leased until September 6th 2021. Current tenant is paying $6500.00 a month, $78,000 per year net plus full CAM property taxes and insurance additional. This long term legacy tenant is well below market rent at $5.43 a foot. Included in this offering are recent closed lease comparables showing the market rent on this building is $14 a square foot net. An investor can negotiate a new lease with existing tenant, or retenant this property after closing increasing rent substantially. When leased at market rates, this will provide an investor with $17,405.50 per month or. $208,866 per year yielding an above market 8.35% capitalization rate. Liberal zoning of DH2 permits new most uses, it also allows the site to be redeveloped with generous height restrictions. See enclosed DH3 zoning outline. Please remember to not disturb existing tenants all showings are by appointments only. P. 4 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by
PROPERTY PHOTOS P. 5 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by
PRO FORMA SUMMARY TENANT ANNUAL SCHEDULED INCOME Tenant Actual Market $0 $208,860 TOTALS $0 $208,860 INVESTMENT SUMMARY Price: $2,500,000 Year Built: 1987 Tenants: 1 RSF: 14,919 Price/RSF: $167.57 Lot Size: 40,529 sf Floors: 1 APN: 51422222118 Cap Rate: 1.42% Market Cap Rate: 8.35% ANNUALIZED INCOME Description Actual Market Gross Potential Rent $0 $208,860 Less: Vacancy $0 $0 Effective Gross Income $0 $208,860 Less: Expenses ($35,594) $0 Net Operating Income ($35,594) $208,860 ANNUALIZED EXPENSES Description Actual Market Building Insurance $9,000 $0 Taxes Real Estate $26,594 $0 Total Expenses $35,594 $0 Expenses Per RSF $2.39 $0.00 P. 6 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by
MARKET SALE PRICE PER SF $220 Sales Volume & Market Sale Price Per SF Forecast $160M $200 $140M $180 $120M Market Sale Price/SF $160 $140 $120 $100M $80M $60M Sales Volume $100 $40M $80 $20M $60 $0 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 2018. CoStar Realty Information Inc. 03/07/2019 P. 7
SALES COMPARABLES 1 501 SW 2nd Ave SOLD Fort Lauderdale, FL 33301 Broward County Sale Date: Sale Price: Price/SF: PrFrma Cap Rate: 09/05/2018 Bldg Type: $1,860,000 Confirmed Year Built/Age: $198.21 RBA: Class C IndustrialService Built 1954 Age: 64 9,384 SF Land Area: 0.21 AC (9,148 SF) Zoning: RACSMU Parcel No: Financing: Comp ID: 504210010660 $1,100,000 from Popular Bank 4515443 Research Status: Confirmed 2 2601 SW 2nd Ave (Part of Portfolio) SOLD Fort Lauderdale, FL 33315 Broward County Sale Date: Sale Price: Price/SF: PrFrma Cap Rate: Actual Cap Rate: 12/26/2018 (82 days on mkt) Bldg Type: $1,070,764 Allocated Year Built/Age: $177.69 RBA: Land Area: Zoning: Sale Conditions: Class C IndustrialWarehouse Built 1982 Age: 36 6,026 SF 0.20 AC (8,712 SF) I Bulk/Portfolio Sale, Investment Triple Net Parcel No: Financing: Comp ID: 4625213 Research Status: Allocated 3 2415 SW 3rd Ave SOLD Fort Lauderdale, FL 33315 Broward County Sale Date: Sale Price: Price/SF: PrFrma Cap Rate: 05/23/2017 Bldg Type: $1,100,000 Confirmed Year Built/Age: $275.62 RBA: Class C IndustrialService Built 1974 Age: 43 7,982 SF Land Area: 0.31 AC (13,504 SF) Zoning: B3 Parcel No: Financing: Comp ID: 504222030110, 504222030120 Down payment of $2,200,000 (200.0%); $880,000 from Bank United 3927705 Research Status: Confirmed Copyrighted report licensed to RE/MAX 5 Star Realty 995182. 3/6/2019 Page 1 P. 8 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by
SALES COMPARABLES 4 2801 SW 3rd Ave, Unit F14 Air & Sea Warehouse Center SOLD Fort Lauderdale, FL 33315 Broward County Sale Date: Sale Price: Price/SF: PrFrma Cap Rate: 11/20/2015 (67 days on mkt) Condo Type: $385,000 Confirmed Year Built/Age: $170.96 RBA: 2,252 SF Industrial Condo Built 2002 Age: 13 2,252 SF Land Area: 2.23 AC (97,139 SF) Zoning: I, Fort Lauderdale Parcel No: Financing: Comp ID: Down payment of $385,000 (100.0%) 3449619 Research Status: Confirmed 5 921 SE 20th St MultiProperty Sale (Part of MultiProperty) SOLD Fort Lauderdale, FL 33316 Broward County Sale Date: Sale Price: Price/SF: PrFrma Cap Rate: Actual Cap Rate: 08/22/2016 (195 days on mkt) Bldg Type: $4,726,486 Allocated Year Built/Age: $193.15 RBA: Land Area: Zoning: Sale Conditions: Class C IndustrialWarehouse Built 1973 Age: 43 24,471 SF 0.68 AC (29,621 SF) B2 Redevelopment Project Parcel No: Financing: Comp ID: 3725604 Research Status: Allocated 6 941 SE 20th St MultiProperty Sale (Part of MultiProperty) SOLD Fort Lauderdale, FL 33316 Broward County Sale Date: Sale Price: Price/SF: PrFrma Cap Rate: Actual Cap Rate: 08/22/2016 (195 days on mkt) Bldg Type: $2,462,424 Allocated Year Built/Age: $193.15 RBA: Land Area: Zoning: Sale Conditions: Class C IndustrialWarehouse Built 1973 Age: 43 12,749 SF 0.73 AC (31,799 SF) B2 Redevelopment Project Parcel No: Financing: Comp ID: 3725604 Research Status: Allocated Copyrighted report licensed to RE/MAX 5 Star Realty 995182. 3/6/2019 Page 2 P. 9 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by
SALES COMPARABLES 7 925927 S 21st Ave SOLD Hollywood, FL 33020 Broward County Sale Date: Sale Price: Price/SF: PrFrma Cap Rate: 09/01/2017 Bldg Type: $700,000 Year Built/Age: $181.68 RBA: Class C IndustrialManufacturing Built 1967 Age: 50 3,853 SF Land Area: 0.14 AC (6,098 SF) Zoning: C2 Parcel No: Financing: Comp ID: 514222100580 4004845 Research Status: Public Record 8 3000 S Andrews Ave SOLD Fort Lauderdale, FL 33316 Broward County Sale Date: Sale Price: Price/SF: PrFrma Cap Rate: 04/17/2017 (424 days on mkt) Bldg Type: $2,300,000 Confirmed Year Built/Age: $184.00 RBA: Parcel No: 504222110950 Financing: Down payment of $2,300,000 (100.0%) Comp ID: 3896981 Research Status: Confirmed Class C IndustrialWarehouse Built 1960 Age: 57 12,500 SF Land Area: 0.85 AC (37,026 SF) Zoning: B3 Map Page: Trakker 166 9 514516 N Dixie Hwy MultiProperty Sale (Part of MultiProperty) SOLD Hollywood, FL 33020 Broward County Sale Date: Sale Price: Price/SF: PrFrma Cap Rate: 08/30/2018 Bldg Type: $465,008 Allocated Year Built/Age: $186.00 RBA: Class C IndustrialWarehouse Built 1949 Age: 69 2,500 SF Land Area: 0.08 AC (3,485 SF) Zoning: CN3 Parcel No: Financing: Comp ID: 4531409 Research Status: Allocated Copyrighted report licensed to RE/MAX 5 Star Realty 995182. 3/6/2019 Page 3 P. 10 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by
SALES COMPARABLES Trend Report Dollar Volume Legend: Current Survey Sold Transactions Time Interval Quarterly Number of Transactions Total Dollar Volume Total Bldg Square Feet Total Land in Acres Total Land in SF Average Price Average Number of SF Average Price Per Bldg SF Median Price Per SF Average Number of Acres Average Number of SF(Land) Average Price Per Unit Median Price Per Unit Average Number of Units Actual Cap Rate Report Time Frame: 7/1/2016 3/6/2019 Sold Transactions 8 $14,684,682 38,254 3.05 132,858 $1,835,585 6,376 $195.95 $185.00 0.38 16,607 Copyrighted report licensed to RE/MAX 5 Star Realty 995182. 3/6/2019 Page 4 P. 11 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by
SALES COMPARABLES Trend Report 3Q16 07/19/30/16 2Q17 04/16/30/17 3Q17 07/19/30/17 3Q18 07/19/30/18 Sold Transaction Sold Transaction Sold Transaction Sold Transaction Number of Transactions Total Dollar Volume Total Bldg Square Feet Total Land in Acres Total Land in SF Average Price Average Number of SF Average Price Per Bldg SF Median Price Per SF Average Number of Acres Average Number of SF(Land) Average Price Per Unit Median Price Per Unit Average Number of Units Actual Cap Rate 2 $7,188,910 0 1.41 61,420 $3,594,455 0 0.71 30,710 2 $3,400,000 16,491 1.01 43,996 $1,700,000 8,246 $206.17 $229.81 0.51 21,998 1 $700,000 3,853 0.14 6,098 $700,000 3,853 $181.68 $181.68 0.14 6,098 2 $2,325,008 11,884 0.29 12,632 $1,162,504 5,942 $195.64 $192.11 0.15 6,316 4Q18 10/112/31/18 Sold Transaction Number of Transactions Total Dollar Volume Total Bldg Square Feet Total Land in Acres Total Land in SF Average Price Average Number of SF Average Price Per Bldg SF Median Price Per SF Average Number of Acres Average Number of SF(Land) Average Price Per Unit Median Price Per Unit Average Number of Units Actual Cap Rate 1 $1,070,764 6,026 0.20 8,712 $1,070,764 6,026 $177.69 $177.69 0.20 8,712 Copyrighted report licensed to RE/MAX 5 Star Realty 995182. 3/6/2019 Page 5 P. 12 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by
MARKET RENT PER SF $20 Market Rent Per SF Forecast $18 $16 $14 $12 $10 $8 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 2018. CoStar Realty Information Inc. 03/07/2019 P. 13
LEASE COMPARABLES Lease Comparables 1 3,360 SF Industrial Lease Signed Mar 2019 for $13.91 Industrial Gross (Asking) 2046 Mckinley St 1st Floor Direct Hollywood, FL 33020 Southeast Broward Ind Submarket Asking Rent: $13.91/IG Start Date: Mar 2019 Free Rent: Deal Type: New Lease Property Type: Industrial Class B Starting Rent: Term: Escalations: On Market: 2 Mos Building Area: 20,700 SF Effective Rent: Exp. Date: TI Allowance: BuildOut: Full BuildOut Built/Renov: 1990/ Office Area: Dock/Drive In: /1 Parking Ratio: 0.00/1,000 SF Landlord: Tenant SIC: The Kelsey Group, Inc. Lease Notes: ID# 163826091 2 1,976 SF Industrial Lease Signed Feb 2019 for $16.40 Modified Gross (Starting) 204206 NW 3rd Ave 1st Floor Direct, Leased by Sergei Rumiantcev Hallandale Beach, FL 33009 Southeast Broward Ind Submarket Asking Rent: $16.39/MG Start Date: Mar 2019 Free Rent: Deal Type: New Lease Property Type: Industrial Class B Starting Rent: $16.40/MG Term: 1 Year Escalations: On Market: 7 Mos Building Area: 4,039 SF Effective Rent: Exp. Date: Feb 2020 TI Allowance: BuildOut: Built/Renov: 1979/ Office Area: Dock/Drive In: Parking Ratio: 3.71/1,000 SF Landlord: Tenant SIC: Joyce Ann Shay Lease Notes: ID# 163761481 3 1,400 SF Industrial Lease Signed Feb 2019 for $13.71 Triple Net (Asking) 205 NW 2nd Ave 1st Floor Direct Hallandale Beach, FL 33009 Southeast Broward Ind Submarket Asking Rent: $13.71/NNN Start Date: Mar 2019 Free Rent: Deal Type: New Lease Property Type: Industrial Class C Starting Rent: Term: 4 Years Escalations: On Market: 7 Mos Building Area: 4,403 SF Effective Rent: Exp. Date: Mar 2023 TI Allowance: BuildOut: Built/Renov: 1964/ Office Area: Dock/Drive In: Parking Ratio: Landlord: Tenant SIC: Robert Shay Warehouse Rentals Lease Notes: ID# 162895141 Copyrighted report licensed to RE/MAX 5 Star Realty 995182. P. 14 Page 1 Page 1
LEASE COMPARABLES Lease Comparables 4 7,675 SF Industrial Lease Signed Jan 2019 for $14.00 Modified Gross (Asking) 950 Dixie Hwy 1st Floor Direct Hollywood, FL 33020 Southeast Broward Ind Submarket Asking Rent: $12.00$14.00/MG Start Date: Mar 2019 Free Rent: Deal Type: New Lease Property Type: Industrial Class C Starting Rent: Term: Escalations: On Market: 2 Mos Building Area: 14,114 SF Effective Rent: Exp. Date: TI Allowance: BuildOut: Full BuildOut Built/Renov: 1955/ Office Area: Dock/Drive In: Parking Ratio: Landlord: Tenant SIC: Nathanaaron, LLC Lease Notes: ID# 161339481 5 9,392 SF Industrial Lease Signed Oct 2018 for $13.00 Net (Asking) 40914099 N 28th Way 1st Floor Direct Hollywood, FL 33020 Southeast Broward Ind Submarket Asking Rent: $13.00/N Start Date: Nov 2018 Free Rent: Deal Type: New Lease Property Type: Industrial Class B Starting Rent: Term: 2 Years Escalations: On Market: 5 Mos Building Area: 56,009 SF Effective Rent: Exp. Date: Oct 2020 TI Allowance: BuildOut: Built/Renov: 1975/ Office Area: Dock/Drive In: 1 ext./ Parking Ratio: 0.85/1,000 SF Landlord: Tenant SIC: Five Star Capital Corp. Lease Notes: ID# 160033701 6 5,000 SF Industrial Lease Signed Oct 2018 for $14.00 Plus Electric (Starting) 10371061 NW 1st Ct 1st Floor Direct Hallandale Beach, FL 33009 Southeast Broward Ind Submarket Asking Rent: $14.00/+ELEC Start Date: Nov 2018 Free Rent: 0 Mos Deal Type: New Lease Property Type: Industrial Class C Starting Rent: $14.00/+ELEC Term: 2 Years Escalations: On Market: 2 Mos Building Area: 20,000 SF Effective Rent: Exp. Date: Nov 2020 TI Allowance: BuildOut: Built/Renov: 1973/ Office Area: Dock/Drive In: /1 Parking Ratio: 2.50/1,000 SF Landlord: Tenant SIC: Wedgewood Properties Inc. Lease Notes: ID# 159724471 Copyrighted report licensed to RE/MAX 5 Star Realty 995182. P. 15 Page 2 Page 2
LEASE COMPARABLES Lease Comparables 7 5,575 SF Industrial Lease Signed Jul 2018 for $13.35 Modified Gross (Asking) 229 SW 31st St 1st Floor Direct Fort Lauderdale, FL 33315 Southeast Broward Ind Submarket Asking Rent: $13.35/MG Start Date: Aug 2018 Free Rent: Deal Type: New Lease Property Type: Industrial Class C Starting Rent: Term: Escalations: On Market: 11 Mos Building Area: 5,575 SF Effective Rent: Exp. Date: TI Allowance: BuildOut: Partial Build Built/Renov: 1975/ Office Area: Dock/Drive In: Parking Ratio: 0.68/1,000 SF Landlord: Tenant SIC: Yalufe Investment Llc Lease Notes: ID# 157195901 8 2,016 SF Industrial Lease Signed Oct 2017 for $15.63 Industrial Gross (Asking) 2046 Mckinley St 1st Floor Direct Hollywood, FL 33020 Southeast Broward Ind Submarket Asking Rent: $15.63/IG Start Date: Oct 2017 Free Rent: Deal Type: New Lease Property Type: Industrial Class B Starting Rent: Term: Escalations: On Market: 4 Mos Building Area: 20,700 SF Effective Rent: Exp. Date: TI Allowance: $0.00/SF BuildOut: Built/Renov: 1990/ Office Area: Dock/Drive In: Parking Ratio: 0.00/1,000 SF Landlord: Tenant SIC: The Kelsey Group, Inc. Lease Notes: ID# 132721851 9 2,697 SF Industrial Lease Signed Aug 2017 for $15.57 (Asking) 907 S 21st Ave 1st Floor Direct Hollywood, FL 33020 Southeast Broward Ind Submarket Asking Rent: $15.57 Start Date: Sep 2017 Free Rent: Deal Type: New Lease Property Type: Industrial Class C Starting Rent: Term: Escalations: On Market: 7 Mos Building Area: 2,697 SF Effective Rent: Exp. Date: TI Allowance: BuildOut: Built/Renov: 1966/ Office Area: Dock/Drive In: Parking Ratio: 2.97/1,000 SF Landlord: Tenant SIC: Assiana Llc Lease Notes: ID# 131279321 Copyrighted report licensed to RE/MAX 5 Star Realty 995182. P. 16 Page 3 Page 3
LEASE COMPARABLES Lease Comparables 10 6,008 SF Industrial Lease Signed Apr 2017 for $28.00 Plus All Utilities (Asking) 647 S Andrews Ave 1st Floor Direct Fort Lauderdale, FL 33301 Southeast Broward Ind Submarket Asking Rent: $28.00/+UTIL Start Date: Jun 2017 Free Rent: Deal Type: New Lease Property Type: Industrial Class C Starting Rent: Term: Escalations: On Market: 5 Mos Building Area: 6,008 SF Effective Rent: Exp. Date: TI Allowance: BuildOut: Built/Renov: Office Area: Dock/Drive In: Parking Ratio: Lease Notes: Landlord: Tenant SIC: ID# 129547141 11 3,200 SF Industrial Lease Signed Mar 2017 for $18.75 Triple Net (Asking) 31003112 SE 4th Ave 1st Floor Direct, Leased by MPI Fort Lauderdale, FL 33316 Fort Lauderdale Submarket Asking Rent: $18.75/NNN Start Date: Apr 2017 Free Rent: Deal Type: New Lease Property Type: Office Class C Starting Rent: Term: 1 Year Escalations: On Market: 9 Mos Building Area: 6,400 SF Effective Rent: Exp. Date: Apr 2018 TI Allowance: BuildOut: Built/Renov: 1958/ Office Area: Dock/Drive In: Parking Ratio: 1.56/1,000 SF Lease Notes: Landlord: Tenant SIC: Jim Artijas Repair Shops, NEC ID# 129182571 12 3,360 SF Industrial Lease Signed Feb 2017 for $14.02 Industrial Gross (Asking) 2046 Mckinley St 1st Floor Direct Hollywood, FL 33020 Southeast Broward Ind Submarket Asking Rent: $14.02/IG Start Date: Mar 2017 Free Rent: Deal Type: New Lease Property Type: Industrial Class B Starting Rent: Term: Escalations: On Market: 47 Mos Building Area: 20,700 SF Effective Rent: Exp. Date: TI Allowance: BuildOut: Built/Renov: 1990/ Office Area: Dock/Drive In: Parking Ratio: 0.00/1,000 SF Landlord: Tenant SIC: The Kelsey Group, Inc. Lease Notes: ID# 128694161 Copyrighted report licensed to RE/MAX 5 Star Realty 995182. P. 17 Page 4 Page 4
LEASE COMPARABLES Lease Comparables 13 5,000 SF Industrial Lease Signed Nov 2016 for $13.20 Triple Net (Asking) 950952 Eller Dr 1st Floor Direct Dania, FL 33004 Southeast Broward Ind Submarket Asking Rent: $13.20/NNN Start Date: Dec 2016 Free Rent: Deal Type: New Lease Property Type: Industrial Class C Starting Rent: Term: 2 Years Escalations: On Market: 60 Mos Building Area: 33,137 SF Effective Rent: Exp. Date: TI Allowance: BuildOut: Full BuildOut Built/Renov: 1975/ Office Area: Dock/Drive In: Parking Ratio: 1.40/1,000 SF Landlord: Tenant SIC: Josh Becker Lease Notes: ID# 126939971 14 2,500 SF Industrial Lease Signed Sep 2016 for $16.27 Triple Net (Effective) 1300 Stirling Rd 1st Floor Direct, Leased by Hollywood Collectibles Dania Beach, FL 33004 Southeast Broward Ind Submarket Asking Rent: $17.00/NNN Start Date: Oct 2016 Free Rent: 1 Mo at Start Deal Type: New Lease Property Type: Industrial Class C Starting Rent: $16.10/NNN Term: 3 Years Escalations: Steps On Market: 1 Mo Building Area: 49,000 SF Effective Rent: $16.27/NNN Exp. Date: Mar 2020 TI Allowance: BuildOut: Built/Renov: 1977/ Office Area: Dock/Drive In: Parking Ratio: 0.24/1,000 SF Lease Notes: Landlord: Tenant SIC: Levy Realty Advisors, Inc. Gift, Novelty, And Souvenir ID# 125690771 15 10,000 SF Industrial Lease Signed May 2016 for $13.20 (Effective) 950952 Eller Dr 1st Floor Direct, Leased by Harris Commercial Dania, FL 33004 Southeast Broward Ind Submarket Asking Rent: Start Date: Jul 2016 Free Rent: Deal Type: New Lease Property Type: Industrial Class C Starting Rent: $13.20 Term: 3 Years Escalations: On Market: 3 Mos Building Area: 33,137 SF Effective Rent: $13.20 Exp. Date: Jul 2019 TI Allowance: BuildOut: Full BuildOut Built/Renov: 1975/ Office Area: Dock/Drive In: Parking Ratio: 1.40/1,000 SF Landlord: Tenant SIC: Josh Becker Lease Notes: ID# 123816361 Copyrighted report licensed to RE/MAX 5 Star Realty 995182. P. 18 Page 5 Page 5
LEASE COMPARABLES Asking Rent Per SF $15.58 Starting Rent Per SF $14.10 Effective Rent Per SF $13.81 Avg. Months Free Rent 0.5 DEALS BY ASKING, STARTING AND EFFECTIVE RENT DEALS BY ASKING RENT DISCOUNT DEALS BY MONTHS FREE RENT Copyrighted report licensed to RE/MAX 5 Star Realty 995182. 3/6/2019 Page 7 P. 19
ZONING DH3 Dixie Highway High Intensity MixedUse District Uses Main Permitted Uses Accessory Uses Special Exception Uses Prohibited Uses Adult Educational Facilities 1 Amusement Uses (Indoor and Outdoor) Automotive Paint or Body Light Manufacturing associated with Retail or Showroom Day Care Facility Outdoor Storage Schools (K12) Service Station Adult Entertainment or Adult Related Uses All General and Heavy Manufacturing Uses Antique, Consignment, Collectible, and Vintage Store Artisan and Maker Manufacturing and Space Assembly of Premanufactured Parts for Sale on Premises Automotive Rental Automotive Repair Automotive Sales, New and Used Bar, Lounge, or Night Club Bed and Breakfast Inn Cabinet, Furniture, and Upholstery Shop Car Wash 2 Coin Laundry 3 Commercial Uses Contractor Shop and Storage (Indoor) Dry Cleaner Food Processing Funeral Home Hotel Institutional LiveWork Outdoor produce sales (fresh fruit, vegetable, plant and flower retail sales), accessory to a grocery store, specialty market, or similar use 4 Tattoo, Body Art, or Body Piercing Establishments, associated with an Art Gallery 5 Any use customarily associated with one of the Main Permitted Uses. Bulk Sales, Storage, or Display of Lumber and Building Materials Pawn Shop Psychic Help Uses Uses which produce effects upon contiguous property in the form of noise, odor, vibration, smoke, particulate matter, glare, heat, fire or explosive hazard Any use not listed as a Main Permitted Use P. 20 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by
ZONING Microbrewery, Microdistillery, and Microwinery Motel MultiFamily Residential, except on the ground floor adjacent to Tyler Street, Dixie Highway and 21st Avenue Museum, Art Gallery, and Similar Cultural Uses Office Parking Lot and Garages (Commercial) Personal Service Place of Worship, Meeting Hall, and Fraternal Lodge Restaurant Retail (Indoor) Schools (Business, Commercial, or Vocational; Recreational or Cultural; and University) 1 SelfStorage Facility Single Family Residential, except on the ground floor adjacent to Dixie Highway and 21st Avenue Thrift Shop Wholesale and Warehousing 1 Adult Educational Facilities and Schools may require additional review for pedestrian and vehicular circulation, pickup and drop off operations, traffic, etc. Limitations may be imposed in regards to capacity, hours of operation, parking, and circulation. 2 Car Washes shall be fully enclosed and adequately screened; or not visible from pubic rightsofway. 3 Coin Laundries shall be fully enclosed and airconditioned. P. 21 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by
ZONING 4 Outdoor produce sales shall provide a plan illustrating the layout, location, and dimensions of the outdoor sales area; shall not interfere or obstruct pedestrian flow; and shall be exempt from screening requirements. 5 Tattoo, Body Art, or Body Piercing Establishments shall be limited to 25 percent of the total gross floor area of the use; and exterior primary signage shall not be permitted. See Section 4.3.J, 4.21, and 4.22 for Additional Use Regulations and Performance Standards. (ii) DH3 Dixie Highway High Intensity MixedUse District Development Regulations Table. DH3 Dixie Highway High Intensity MixedUse District Development Regulations MAXIMUM FAR 3.00 MAXIMUM HEIGHT 10 Stories, not to exceed 140 ft. Sites or portions of sites within 100 feet of RS3, PS1: 5 Stories, not to exceed 55 ft. Sites or portions of sites within 200 feet of DH1, DH2, ND1: 5 Stories, not to exceed 55 ft. MINIMUM SETBACKS Frontage All Frontages Side Interior Alley MAXIMUM SETBACKS Base Ground Floor 55 Feet NonResidential: 10 ft. Residential: 15 ft. 0 ft. When adjacent to RS3, DH1, and DH2: 10 ft. 5 ft. When adjacent to RS3, DH1, and DH2: 20 ft. Tower Above 55 Feet NonResidential: 10 ft. Residential: 15 ft. 0 ft. When adjacent to RS3: 100 ft. When adjacent to DH1, and DH 2: 200 ft. 5 ft. When adjacent to RS3: 100 ft. When adjacent to DH1, and DH 2: 200 ft. Frontage Ground Floor Above Ground Floor Dixie Highway 21st Avenue MINIMUM ACTIVE USES 30 ft. N/A Frontage Ground Floor Above Ground Floor P. 22 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by
ZONING Dixie Highway 60% N/A 21st Avenue 60% N/A (iii) DH3 Dixie Highway High Intensity MixedUse District Special Requirements. a. For lots which abut Dixie Highway and 21st Avenue, the tower orientation shall be towards Dixie Highway and 21st Avenue. b. Where possible, vehicular access shall be located along the eastwest streets. c. Walkup gardens shall be required for ground floor residential uses and shall have a minimum depth of five (5) feet measured horizontally between the building facade and the public sidewalk. Entrance landings and stairs may encroach the garden space. Garden perimeter fences, walls or other similar structures shall not exceed four (4) feet in height. A minimum of 40 percent of the walkup garden area shall be pervious. P. 23 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by
MAPS AND AERIALS P. 24
LOCATION MAP P. 25 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by
DEMOGRAPHICS Population 1 Mile 3 Mile 5 Mile Male 11,281 (50.27 %) 71,183 (47.70 %) 176,130 (47.70 %) Female 11,158 (49.73 %) 78,041 (52.30 %) 193,113 (52.30 %) Total Population 22,439 149,224 369,243 Age Breakdown 1 Mile 3 Mile 5 Mile Ages 04 1,078 (4.80 %) 6,401 (4.29 %) 17,941 (4.86 %) Ages 59 1,306 (5.82 %) 8,174 (5.48 %) 22,943 (6.21 %) Ages 1014 1,165 (5.19 %) 7,668 (5.14 %) 21,636 (6.21 %) Ages 1519 1,095 (4.88 %) 7,186 (4.82 %) 20,603 (5.58 %) Ages 2024 1,160 (5.17 %) 7,110 (4.76 %) 20,370 (5.52 %) Ages 2529 1,241 (5.53 %) 7,186 (4.82 %) 20,120 (5.45 %) Ages 3034 1,370 (6.11 %) 7,611 (5.10 %) 20,684 (5.60 %) Ages 3539 1,497 (6.67 %) 8,601 (5.76 %) 22,413 (6.07 %) Ages 4044 1,650 (7.35 %) 9,856 (6.60 %) 24,802 (6.72 %) Ages 4549 1,764 (7.86 %) 10,928 (7.32 %) 26,522 (7.18 %) Ages 5054 1,741 (7.76 %) 10,936 (7.33 %) 26,171 (7.09 %) Ages 5559 1,629 (7.26 %) 10,433 (6.99 %) 24,554 (6.65 %) Ages 6064 1,403 (6.25 %) 9,539 (6.39 %) 22,026 (5.97 %) Ages 6569 1,161 (5.17 %) 8,401 (5.63 %) 18,923 (5.12 %) Ages 7074 955 (4.26 %) 7,311 (4.90 %) 15,970 (4.33 %) Ages 7579 724 (3.23 %) 6,276 (4.21 %) 13,150 (3.56 %) Ages 8084 510 (2.27 %) 5,036 (3.37 %) 10,186 (2.76 %) Ages 85+ 990 (4.41 %) 10,571 (7.08 %) 20,229 (5.48 %) P. 26 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by
DEMOGRAPHICS Household Income 1 Mile 3 Mile 5 Mile Median Income $37,449 $47,370 $48,863 Less than $10,000 1,049 6,469 13,463 $10,000 $14,999 800 4,402 10,023 $15,000 $19,999 641 4,964 9,610 $20,000 $24,999 626 4,365 9,158 $25,000 $29,999 1,160 4,469 9,874 $30,000 $34,999 733 3,712 8,930 $35,000 $39,999 765 3,871 8,525 $40,000 $44,999 758 3,813 8,195 $45,000 $49,999 451 3,058 7,233 $50,000 $59,999 679 4,875 12,907 $60,000 $74,999 764 5,993 15,734 $75,000 $99,999 828 6,698 16,315 $100,000 $124,999 523 3,934 9,797 $125,000 $149,999 168 2,454 4,668 $150,000 $199,999 200 2,058 4,657 Greater than $200,000 71 2,835 5,909 Housing 1 Mile 3 Mile 5 Mile Housing Units 13,188 94,374 203,865 Occupied Units 10,489 70,029 157,600 Owner Occupied Units 4,441 41,571 94,823 Renter Occupied Units 6,048 28,458 62,777 Vacant Units 2,699 24,345 46,265 Race Demographics 1 Mile 3 Mile 5 Mile Population Non Hispanic White 13,074 113,137 248,623 Population Black 7,632 27,436 95,492 Population Am In/Ak Nat 19 43 480 P. 27 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by
HOLLYWOOD FLORIDA DEVELOPMENT ACTIVITY CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 1 P. 28
HOLLYWOOD FLORIDA ABOUT US Hollywood is the 3 rd 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 LauderdaleHollywood International Airport and is the primary home to Port Everglades. In addition to its proximity to I95 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 $1.65 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 will offer new convenient connections through the planned Tri Rail Coastal Link commuter rail service creating an ideal environment for mixeduse, transitoriented projects that provide the urban lifestyle many are seeking. Hollywood attracts visitors from around the world who come to stay along the historic oceanfront Broadwalk. This 2.5 mile pedestrian walkway is just steps from the Atlantic and is lined with shops, restaurants and accommodations to fit every taste and budget. The city boasts a high quality of life with more than 60 parks, three municipal golf courses and a variety of recreational amenities including a nearly 10acre urban park in the heart of Downtown Hollywood featuring outdoor concerts and special events within a burgeoning arts scene. OUR MISSION The City of 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: CONTENTS COMMERCIAL MARKETS INDUSTRY PORT EVERGLADES TRANSPORTATION + ACCESSIBILITY DISTRICT DEVELOPMENT DEVELOPMENT ACTIVITY COMPLETED DEVELOPMENT ACTIVITY UNDER CONSTRUCTION DEVELOPMENT ACTIVITY PLANNED REDEVELOPMENT OPPORTUNITIES DEVELOPMENT MAP 5 9 11 13 15 16 19 25 27 30 CONTACT US Economic Development 954.921.3620 www.choosehollywoodfl.com Raelin Storey, rstorey@hollywoodfl.org Director, Communications, Marketing & Economic Development Community Redevelopment Agency 954.924.2980 Jorge Camejo, jcamejo@hollywoodfl.org Executive Director CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 3 P. 29
HOLLYWOOD FLORIDA COMMERCIAL MARKETS From its beaches, to its lively downtown, to its distinctive neighborhoods, Hollywood is City focused on the future where businesses discover a welcoming climate for economic growth and sustainable development. Florida s Hollywood offers all the amenities and resources national and international companies are seeking when looking for the right location to call home. and asking rents are up, yet Hollywood remains competitively priced for businesses seeking to relocate or expand while keeping costs down. for its convenient location in the heart of South Florida with easy access to Port Everglades and Fort Lauderdale Hollywood International Airport, as well as major transportation routes. Hollywood s urban and suburban commercial corridors boast nearly 6 space with an occupancy rate above 92%. 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. Hollywood Beach, voted a top 25 beach destination by TripAdvisor, continues to attract tourists from around the world. This steady flow of visitors creates a constant demand for quality retail and entertainment options. Hollywood and adding to its core retail market which continues to grow at a steady and sustainable pace with retail vacancies trending below 6%. Plaza completed in early 2016, boast over 300,000 square feet of new and redeveloped retail space and are thriving with national retailers such as Walmart, Pollo Tropical, TD Bank, Ross, Burlington, Bank of America and Aldi s. CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 5 P. 30
HOLLYWOOD FLORIDA COMMERCIAL MARKETS 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 The time is right to invest in starting or growing a business in Hollywood with prime locations that will give you a competitive advantage get your products and services to market faster and at a lower cost. trended below 6% with average asking rents at $10 SF the highest level in the past 5 years. Tenant interest has grown in the prime industrial parks in Hollywood including the South Florida Design and Commerce Park and the Port 95 Commerce Park. These ideally located parks are populated by a wide Computer rendering of the new 30,000 sf Quantum Marine variety of business sectors from aerospace Corportate Headquarters recently completed companies to advertising agencies, uniform and facility services providers and architectural and interior design firms. Hollywoodbased Quantum Marine is an industry leader in stabilization technology for the yachting industry. The Quantum team set out with determination to develop innovative technologies to combat the dynamics of the ocean environment. Its ZeroSpeed Stabilization System has changed the yachting world. An eclectic cluster of high end design firms have formed the South Florida Design Park which features Jerry Pair, Stark Carpet, Fabrics among others. Vacancy rates in the industrial market have trended below 6% with average asking rents at $10 the highest level in the past 5 years. Sources: CBRE, CoStar 5.9 MILLION SF Inventory CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 7 P. 31
HOLLYWOOD FLORIDA INDUSTRY ABOUT OUR WORKFORCE 40 COLLEGES & UNIVERSITIES 29% 46,000+ AVIATION WORKERS 82,000+ EMPLOYEES IN HEALTH CARE & SOCIAL ASSISTANCE BACHELOR S DEGREE OR HIGHER 13,000 LIFE SCIENCE WORKERS 80,000 INFORMATION & COMMUNCATION TECHNOLOGY WORKERS LABOR FORCE 81,000+ HOLLYWOOD 1.04M BROWARD COUNTY 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 Diplomat Resort & Spa ranked among the top 20 most popular meeting resorts by Brandsmart a leading consumer electronics and appliance retailer in the southeastern U.S. 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: Are you considering a corporate relocation or are you an entrepreneur seeking the right environment for your start up? Hollywood grow your business with trends showing an works in partnership with private industry, economic development organizations and educational institutions to create the ideal conditions for business growth. CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 9 P. 32
HOLLYWOOD FLORIDA 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 within the Port make it a highly desirable business center for world trade. Port Everglades is a selfsupporting 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 $28 billion annually, and more than 224,000 Florida jobs are impacted by the Port, including 13,300 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 6 years increasing productivity and throughput. 28 BILLION Annual Economic Activity FLORIDA S #1 Seaport by Revenue 3RD BUSIEST Passenger Cruise Port Source: FY2015 Port Everglades Commerce Report CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 11 P. 33
HOLLYWOOD FLORIDA TRANSPORTATION + ACCESSIBILITY Hollywood is the nexus of South Florida offering unbeatable proximity to key transportation routes and assets. Conveniently located along Interstate 95 between Fort Lauderdale and Miami, Hollywood provides easy access to major highways such as Interstates 595 and 75, along with the Florida Turnpike. Fort LauderdaleHollywood International Airport (FLL) FLL is located on the City s northern boundary and is one of the fastest growing airports in the country. FLL is ranked 21st in the U.S. in origin and destination passengers. There are more than 325 departure and 325 arrival flights a day. FLL offers nonstop service to more than 125 U.S. cities and flights to Canada, the Caribbean, Mexico, Latin America and Europe. FLL averages 650 commercial flights per day on 30 airlines. Each day over 73,000 travelers pass through the four terminals at FLL. Freight Rail Both 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 completed a $53 million, 42.5acre neardock intermodal container transfer facility that will transfer international and domestic containers between ship and rail and handle domestic containers originating in or destined for the eastern United States market. Passenger Rail As part of the South Florida regional Transportation Authority, TriRail commuter service connects Hollywood with Miami to the south and downtown West Palm Beach to the north. Two stops are located in Hollywood. Convenient bus connections are provided from all TriRail stations. Additionally, the three major South Florida Aiports (Fort Lauderdale/Hollywood, Palm Beach and Miami) are accessible via train and connecting shuttle service. Hollywood Trolley The Hollywood Trolley makes getting around Hollywood Beach and Downtown a breeze. Visitors and residents can board the trolley at more than a dozen convenient locations near Hollywood s major activity and parking areas and explore the many things to see and do in Hollywood. The Hollywood Trolley is a service of the Hollywood Community Redevelopment Agency. CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 13 P. 34
HOLLYWOOD FLORIDA URBAN DESIGN + INFRASTRUCTURE Welcoming + Accessible Complete Streets The City of Hollywood recently broke ground on its first Complete Streets project Hollywood Boulevard from City Hall east to Dixie Highway. This project will be the Broward County Metropolitan Planning model for how streets should be designed to support all forms of transportation in the future. Additional Complete Streets projects planned for Hollywood include: the FEC Corridor Greenway (Dixie Highway and 21st Avenue); State Road 7; A1A on Hollywood Beach and Federal Highway. State Road 7 Corridor Expansion State Road 7 serves as a key corridor through the South Florida serving numerous completed in 2018, the State Road 7 expansion sewer service throughout the corridor. The project will follow a complete streets model that includes landscaped safety medians, new lighting, sidewalks, bicycle lanes and bus bays. A new linear park along the corridor will make this a distinctive, visually appealing thoroughfare that is safer for pedestrians, residents and motorists. Downtown Regional Activity Center Recognizing the importance of the Regional Activity Center (RAC) designation, the City of Hollywood has completed the rezoning of its RAC to encourage attractive and functional redevelopment in this area of regional significance. Hollywood s RAC covers an area of over 1,450 acres that includes Downtown Hollywood and the key commercial and residential corridors of Federal Highway, Dixie Highway and Hollywood Boulevard. Community Redevelopment Agency (CRA) Hollywood s CRA is comprised of two districts created to stimulate private investment and economic growth. The Downtown District is approximately 580 acres and extends from 22nd Avenue on the west to generally 17th Avenue on the east, Johnson Street on the north and Washington Street on the south. The Beach District consists of 293 acres from Sherman Street south to the south property line of the Diplomat Resort and Spa, and from the Intracoastal Waterway to the Atlantic CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 15 P. 35
HOLLYWOOD FLORIDA DEVELOPMENT ACTIVITY COMPLETED DEVELOPMENT ACTIVITY COMPLETED More than $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. Positano Beach $200+ MILLION Development Delivered to Market Last Year Parc Station 50,000 S F Margaritaville Hollywood Beach Resort The hotel has reached an occupancy rate of 93 percent, the lodging equivalent of a smash hit. CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 17 P. 36
HOLLYWOOD FLORIDA DEVELOPMENT ACTIVITY COMPLETED DEVELOPMENT ACTIVITY UNDER CONSTRUCTION 2. Costa Meliã Hollywood Costa Hollywood Quantum Marine Quantum Marine, manufacturers of hydraulic equipment for the yacht, military, and commercial markets, has chosen Hollywood as the location for its recently completed corporate headquarters located at SW 30th Avenue and South of 36th Street, within Port 95 Commerce Park. The major highways, Fort LauderdaleHollywood International Airport and Port Everglades. Hyde Resort & Residences Hyde Resort & Residences brings Hyde style into a residential resort Legendary for its creation of exclusive nightlife destinations in Los Angeles, Las Vegas, and Miami Beach, Hyde brings 367 luxury hotel units and 40 residential units to Hollywood Beach. Developer: The Related Group Investment: $250 Million Website: hyderesortresidences.com Meliã Costa Hollywood Costa Hollywood Condo Resort is redeveloping is redeveloping the the former Hollywood Grande site on Hollywood Beach into one of South Florida s premier mixeduse hotel developments. It will feature 304 condohotel 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 225car 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. Developer: Liberty Grande, LLC Investment: $150 Million Website: costahollywood.com Location: 777 North Ocean Drive Investment: $150 Million Website: costahollywood.com Location: Port 95 Commerce Park Developer: Quantum Marine Investment: $6.2 Million Website: quantumhydraulic.com CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY ACTIVITY 1719 P. 37
HOLLYWOOD FLORIDA DEVELOPMENT ACTIVITY UNDER CONSTRUCTION DEVELOPMENT ACTIVITY UNDER CONSTRUCTION Hollywood Circle Hollywood Circle will be a 25story, mixeduse development located in the center of Downtown Hollywood on Young Circle. The development will include 397 upscale rental apartments ideal for those seeking an exciting, urban environmen; The Circ, a uniquely branded 104room boutique hotel; a 46,000 SF supermarket; and approximately 15,000 SF of additional retail space. Location: 1776 Polk Street Developer: Hollywood Circle, LLC Investment: $160 Million Website: hollywoodcirclefl.com H3 Hollywood H3 Hollywood will bring a 14story, mixeduse development featuring 247 residential units to Downtown Hollywood. The project will also include approximately 5,000 SF of commercial space. The Preserve at Emerald Hills MG3 s development on the former site of Lake Eden, The Preserve at Emerald Hills will be a master planned community consisting of 40 luxury coach homes and 77 luxury estate homes. Location: 2165 Van Buren Street Construction Contractor: LB Construction Website: www.lbconstructionsf.com Developer: MG3 Developers Investment: $60 Million Website: thepreserveatemeraldhills.com CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 21 P. 38
HOLLYWOOD FLORIDA DEVELOPMENT ACTIVITY UNDER CONSTRUCTION DEVELOPMENT ACTIVITY UNDER CONSTRUCTION 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 joint project between Pulte Homes, Inc. and Concord Wilshire consisting of 645 single family homes and townhomes. Toyota of Hollywood Toyota of Hollywood is developing an approximately 408,000 SF dealership that will replace its former facility. The new Toyota complex will be built on multiple lots totaling service area and a fivestory parking garage. Seaside Village Seaside Village will be 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 on Hollywood Beach and also includes a marina. Developer: Vintage Homes, Inc. Investment: Approx $38 Million Website: seasidevillagenorthbeach.com Location: 4600 Hillcrest Drive Developer: Hillcrest Country Club, LLP Investment: $250 Million Website: www.pulte.com/parkview Developer: Triangle Auto Center, Inc. Investment: $25 million CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 23 P. 39
HOLLYWOOD FLORIDA DEVELOPMENT ACTIVITY UNDER CONSTRUCTION DEVELOPMENT ACTIVITY PLANNED Young Circle Commons Hyde Beach House Hyde Beach House is developing a 2.4 acre site along Hollywood Beach s Intracoastal as a mixeduse condo hotel. The development will feature 342 luxury units and will include ground floor retail. Young Circle Commons is an approved mixeduse 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 hotel with the new project. Location: 1858 Hollywood Boulevard Developer: Block 40, LLC Investment: $80 Million Investment: $225 Million CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 25 P. 40
HOLLYWOOD FLORIDA DEVELOPMENT ACTIVITY PLANNED DEVELOPMENT OPPORTUNITIES of Hollywood s vision for sustainable prosperity where smart growth equals the highest quality of life for current and future residents. The City of Hollywood has identified several key parcels available for redevelopment and has a process in place to accept and review proposals for publicprivate partnerships. Sol Van Buren 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 seven twostory walkup loft units on the ground floor, with remaining units on the third floor and above. Location: 2000 Van Buren Street Developer: Sol Van Buren LLC Investment: $4.7 million JED Tower JED Tower is a planned, mixeduse development located on the corner of Taylor Street and Hollywood. The development plan includes 134 residential units and 12,455 square feet of retail space with parking structure for 276 spaces. Developer: JED Equities, LLC Investment: $20 million Specific neighborhoods and projects will outperform, adjacent competitive areas. Boca Raton, Hollywood and others primed for growth. Jack McCabe McCabe Research & Consulting, 2017 South 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. Federal Highway north of Hollywood Boulevard Area: 0.45 Acres Zoning: C2 allows residential, hotel, Land Use: Regional Activity Center ADT: Federal Highway 27,500 Vehicles Contact: snewaldass@hollywoodfl.org CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 27 P. 41
HOLLYWOOD FLORIDA DEVELOPMENT OPPORTUNITIES DEVELOPMENT OPPORTUNITIES NORTH 95 SOUTH TAFT STREET COMMUNITY PARK PLANNED RESIDENTIAL DEVELOPMENT TRIRAIL CSX LINE 274,000 ADT SHERIDAN STREET TRIRAIL STATION Under contract SHERIDAN STREET 46,000 ADT South Park Road Site Adams Street Site University Station The City of Hollywood owns property along South Park Road with easy access to major transportation routes (Hollywood Boulevard to the north, Interstate 95 to the east and Pembroke Road to the south). The site is a designated brownfield and may be eligible for state incentives for cleanup and redevelopment. The City will entertain proposals for the purchase of the property. Location: Generally located northwest of Area: Approx. 30.6 Acres Zoning: Government Use Contact: snewaldass@hollywoodfl.org The City of Hollywood and Hollywood Community Redevelopment Agency are interested in proposals for both market driven and affordable housing development located within walking distance of Downtown Hollywood. Capital improvements made by the city have included sewer installation as well as sidewalks, landscaping and lighting improvements. Redevelopment of the cityowned parcels must comply with applicable state and federal affordable housing requirements. Location: Generally south of Adams Street Area: 6.58 Acres Zoning: DH2 and DH3 Land Use: Regional Activity Center Contact: Anthony Grisby, City of Hollywood agrisby@hollywoodfl.org The Florida Department of Transportation is interested in a publicprivate partnership for the development of the Sheridan Street Park & the TriRail station. Developer would construct, operate and maintain a mixeduse commercial/ preserving the existing transportationrelated facilities. Location: Generally southwest of Area: 17.5 Acres Zoning: Planned Development ADT: 320,000 Vehicles snewaldass@hollywoodfl.org The City of Hollywood and the Hollywood CRA 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. Hollywood Blvd Area: 2.51 Acres Zoning: Government Use Land Use: Regional Activity Center Contact: snewaldass@hollywoodfl.org Jorge Camejo, Hollywood CRA jcamejo@hollywoodfl.org CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY 29 P. 42
HOLLYWOOD FLORIDA 12 D 84 TE R STA PORT EVERGLADES ORANGE DR ƫ ƫ 21 FLORIDA S TPKE DAV IE RD 595 3 FORT LAUDERDALE HOLLYWOOD INT L AIRPORT 8 9 11 10 GRIFFIN RD GRIFFIN RD 26 SHERIDAN ST SHERIDAN ST 27 95 13 C 20 TAFT ST TAFT ST DANIA BEACH BLVD N DIXIE HWY T EX N PARK RD RD N 56 AVE N STATE RD 7 STIRLING RD 29 E VI DA N FEDERAL HWY DAVIE RD UNIVERSITY DR STIRLING RD 22 9 8 SHERIDAN ST E 7 6 HOLLYWOOD BLVD WASHINGTON ST 24 23 A HOLLYWOOD BLVD 4 Sunset Harbor Hyde Beach House Positano Beach 4 Costa Hollywood Seaside Village 14 Hollywood Circle Young Circle Commons H3 Hollywood Sol Van Buren JED Tower 19 18 Jackson Street Apartments 20 Parc Station Apartments 18 S DIXIE HWY 15 16 3 2 13 West Lake Commons 22 The Preserve at Emerald Hills 21 Quantum Marine Headquarters 23 10%(1/ƫ,.0)!*0/ 25 Shoppes at 57th Avenue 24 Parkview at Hillcrest 26 10+ 0%+*ƫ +* 29 Stirling Village Apartments 27 Toyota of Hollywood 28 The Place at Hollywood Scott Street Hotel 7 Margaritaville Hollywood Scott Street Hotel ƫŐƫ B PEMBROKE RD HALLANDALE BEACH BLVD 5 14 19 Hyde Resort & Residences 17 5 D 17 S FEDERAL HWY 25 S 56 AVE KE TP DA S RI FL O UNIVERSITY DR PINES BLVD S STATE RD 7 28 S PARK RD JOHNSON ST 1 2 15 16 10 MIXED USE Sage Beach 6 CRA Public Parking Garage 11 Port Everglades ICTF 12 Airport Parking Garage ƫ Regional Activity Center A South Park Road Site. */%0ƫ.%!*0! ƫ +..% +. B Adams Street Site Community Redevelopment Districts C $!.% *ƫ 0 0%+*ƫ Complete Streets Projects D University Station E +.0$ƫ!!. ( 1 CITY OF HOLLYWOOD DEVELOPMENT ACTIVITY P. 43 31
HOLLYWOOD FLORIDA City of Hollywood Economic Development 2600 Hollywood Boulevard Hollywood, FL 33020 954.921.3620 Community Redevelopment Agency 1948 Harrison Street Hollywood, FL 33020 954.924.2980 www.choosehollywoodfl.com The City of Hollywood makes reasonable efforts to ensure the accuracy of this publication recognizing the content is subject to change. All information based on Quarter 3 2017 data. P. 44