Block 57 & Bread Building in Hollywood Rendering. Courtesy: BTI Partners Hollywood Development Boom: Shrinking Land Supply Presents Opportunities
"As a result, developers really in the last five years have been capitalizing on the demand of people wanting to live there, and the projects are getting approved and finally getting out of the ground—that has been the vision of Hollywood for years," said attorney Keith Poliakoff of Government Law Group.
January 24, 2023 at 04:22 PM
6 minute read
Commercial Real Estate
Hollywood, the beach town sandwiched between Fort Lauderdale and Miami, is finally experiencing a real estate boom. Fueled by high demand for land in the region, and a limited supply, the once-quiet town is now booming with development for the first time in decades.
Downtown Hollywood and the iconic Young Circle area are revitalizing with more $1.5 billion in real estate development planned or under construction. One of the driving forces behind Hollywood's transformation is BTI Partners, a Fort Lauderdale-based investment and development firm. Noah Breakstone, CEO of BTI Partners, says that since new developments are becoming landlocked, there will be more opportunities to identify and revitalize neighborhoods.
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