BTI Partners’ Noah Breakstone with rendering of Block 57 (BTI Associates)
BTI Associates received web-site program acceptance and a rezoning for Block 57, a two-tower, blended-use improvement in downtown Hollywood with 856 prepared residences.
The Hollywood Town Commission granted the approvals Wednesday amid issue about long run site visitors styles all over the 3.2-acre growth web page on Young Circle.
Alongside with 856 residences, Block 57 will have about 142,000 square feet of retail room, about 40,000 square toes of place of work area, and just below 1,600 parking spaces.
Fort Lauderdale-based BTI compensated $16 million in 2020 to get the Block 57 development internet site at 1701-1735 East Young Circle, which bundled a former Publix grocery store house.
BTI strategies to extend Hollywood Boulevard by way of the Block 57 internet site, among the development’s two 35-tale towers, right to Young Circle. Hollywood Boulevard now curves all around the progress web-site prior to merging into Young Circle.
The Florida Department of Transportation [FDOT] made a targeted traffic approach to assistance an extension of Hollywood Boulevard through the center of the Block 57 internet site.
Metropolis commissioners criticized elements of the FDOT approach, which include how it would give vehicular access to Block 57 from Harrison Street and from South 17th Avenue. Section of the plan would make Harrison a two-lane, just one-way road eastbound, which both of those the town fee and the developer oppose.
BTI will operate with the city to amend the FDOT strategy, Noah Breakstone, controlling partner and CEO of BTI, instructed commissioners at their conference Wednesday. “We’ll go on to do the job with you on the streets,” he stated. “We’d appreciate to see two-way targeted visitors [on Harrison Street].”
The city can still press for changes to the FDOT prepare, which has not been finalized, Hollywood Town Manager Wazir Ishmael instructed the commissioners. “I do believe that FDOT will listen to the commission. They’ve read from our workers. They’ve listened to from the applicant.”
In close proximity to the Block 57 website, BTI Partners has an additional downtown progress underway, a 361-device condominium project with 17,000 sq. ft of retail place on the 1.3-acre site of the former Hollywood Bread Setting up, which BTI demolished last 12 months. BTI and its equity associate Bridge Investment Group acquired the Bread Creating final 12 months for about $11 million.
Preliminary site work at the former Bread Setting up location is approximately finished, Breakstone claimed at the city commission meeting. “We’re all set to get transferring and go vertical,” he stated.
Block 57 would be 1 of various substantial-rise developments in recent decades along Young Circle, a street about a circular 10-acre downtown park where north-south targeted visitors on U.S. 1 merges with east-west traffic on Hollywood Boulevard.
Early this 12 months, a 19-story blended-use progress identified as Block 40 opened on the southwest aspect of Younger Circle. It is a 269-unit rental condominium creating called 1818 Park on top of virtually 10,000 square feet of business and retail area.
Hollywood Circle, a 25-tale combined-use advancement that opened in 2018 on the northern aspect of Younger Circle, has 386 rental apartments, a 111-room Circ by Sonder Resort, and a 48,000-sq.-foot Publix grocery store.
