BTI Partners’ Noah Breakstone with rendering of Block 57 (BTI Associates)
Downtown Hollywood may well be poised for additional progress with a proposed major mixed-use task.
Fort Lauderdale-based mostly BTI Partners’ prepare for an 856-unit condominium enhancement, termed Block 57, will go before the town fee on Wednesday. BTI Associates proposes a website strategy for the two-tower progress on the east side of Younger Circle, which would also have about 40,000 square ft of workplace place, and about 142,000 square ft of retail area.
The Hollywood Metropolis Commission also is scheduled to vote at its standard conference on a proposed rezoning for the 3.2-acre Block 57 site at 1701-1735 East Youthful Circle from YC “Young Circle combined-use district” (YC) to “planned improvement district” (PD).
The transformative Block 57 venture would be 1 of many superior-rise developments in latest a long time about Youthful Circle, a highway all around a circular 10-acre downtown park in which north-south targeted visitors on U.S. 1 merges with east-west targeted visitors on Hollywood Boulevard.
Early this 12 months, a 19-tale blended-use advancement recognized as Block 40 opened on the southwest side of Youthful Circle. It incorporates a 269-unit apartment making identified as 1818 Park on prime of just about 10,000 square ft of office environment and retail place. Hollywood Circle, a 25-story blended-use growth that opened in 2018 on the northern aspect of Young Circle, has 386 residences, a 111-area Circ by Sonder Hotel, and a 48,000-square-foot Publix grocery retail outlet.
BTI, led by CEO Noah Breakstone, acquired the Block 57 advancement web page, which involved a previous Publix grocery store, in 2020 for about $16 million.
BTI Companions is planning to increase Hollywood Boulevard by way of the Block 57 web site, between the development’s two 35-tale towers, straight to Young Circle. Hollywood Boulevard now curves all around the advancement web-site in advance of merging into Youthful Circle.
The tower on the north side of the 141,623-sq.-foot Block 57 progress will have 401 models, 69,421 square toes of retail house, and 38,525 sq. feet of place of work room, according to the site approach. The south tower is made with 455 models, 72,250 square ft of retail area, and no workplace place. The internet site program also displays a total of 1,572 parking spaces for each towers.
In close proximity to the Block 57 web site, BTI Companions has a further downtown growth less than way. The 361-device condominium project with 17,000 sq. feet of retail place will be built on the 1.3-acre site of the outdated Hollywood Bread Creating, a very long-vacant structure in close proximity to the south aspect of Youthful Circle that BTI demolished this year. BTI Companions and its fairness associate Bridge Financial investment Group acquired the Bread Constructing last year for about $11 million.
