An Italian developer has closed on the site of a Hollywood apartment project, adding to a growing pipeline of multi-family developments in South Florida.
Coral Gables-based Calta Group, led by founders and brothers Ignazio and Gaetano Caltagirone, and managing partner Igor Blatnik, paid $9.5 million for the 1.6-acre property at 2215 Hollywood Boulevard. Calta plans an eight-story, 180-unit development on the site, Gaetano Caltagirone said.
The $70 million project, designed by Reinaldo Borges of Borges Architects & Associates, will include a pool, business center, gym, workspaces and ground-floor retail, according to a statement. Press. Construction is expected to begin in the fourth quarter.
Property records show Hollywood Construction & Development LLC, headed by Joseph Horn, sold the site to Calta. The property currently houses low-rise commercial buildings. It’s west of Young Circle in downtown Hollywood.
The Caltagirones, who have been investing in South Florida since 2008, are part of a real estate dynasty in Italy. In South Florida, Calta has more than $150 million in planned projects, including luxury single-family homes in Coral Gables, Pinecrest and South Miami, Caltagirone said.
The two Caltagirone brothers left the family business in Europe and began buying single-family homes in Hollywood and Hallandale Beach during the recession. They renovated the houses and sold the portfolio in 2012 to two large funds, Caltagirone said.
The Hollywood Project is their first multi-family development.
Rents and occupancy rates have hit record highs in South Florida as out-of-state residents flood the market and multi-family developers take notice. Miami has led in rent increases in the United States during the pandemic, with the median rent climbing 58% to around $3,000 per month in March, compared to March 2020, according to a report by Realtor.com.
In Hollywood’s Hillcrest neighborhood, owner-operator of Nautilus Apartments recently won new approval to expand the property to 277 units.
The mention sources can contact us to remove/changing this article
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]
- Oregon hunters advised to test deer, elk meat for disease
- London police officers are handing in their guns
- Have you gotten your shot? 5 things to know about the new COVID-19 vaccine.
- Everyday chemicals linked to increased cancer risk, especially in women
- Honour killings: ‘If my parents found me, they could kill me’ – BBC News
- How life is changing for Italy’s gay families – BBC News
- New immunology study highlights importance of COVID vaccination of those who have already been exposed to the virus
- Second ship carrying Ukrainian grain reaches Turkey – BBC News
- Is it possible in mice to restore walking after paralysis from spinal cord injury?
- Sample of Solar System’s most dangerous asteroid lands on Earth – BBC News
- Neural circuitry of mouse mothers to pups’ calls deciphered
- Inside Russia’s Post-Prighozin Plans in Africa