The Condra Group is looking to take advantage of a new state law by demolishing a block and a half of Hollywood low-rise hotels in order to make way for an 18-story mixed-use project. The property, located along the city’s famed boardwalk along the beach, currently has 123 hotel rooms including Neptune Hollywood Beach Hotel, Hollywood Beach Seaside and Casa Pellegrino Boutique Hotel; all under contract from various owners.
Upon completion, this 628,191 square foot project will include an 18 story residential building at the corner of Ocean Boulevard and Oklahoma Street; an eight story parking garage with some retail on its ground floor across McKinley Street; as well as two stories dedicated to restaurants and rooftop pool on Surf Road. This high rise development offers developers more than just taller buildings – it also provides affordable housing options that are desperately needed in today’s market.
Connect CRE brings you news about The Condra Group’s plan for razing low-rise hotels in favor of constructing a high rise complex with much needed affordable housing options included within its mix!
