2621-2631 Polk Street
Multi-family Development | 72 Units | Polk Street Land Assemblage
Marketing description
Located just next to the famed City Hall Circle in Hollywood, these parcels include a total of 41,026 square feet of land perfectly situated for multifamily development.
Current plans include a total of 72 units with an eclectic mix of 60 (1BR) and 12 (2BR) units designed around a large open green space open to the sky for maximum light and recreational activity. Ample parking is included directly in the development project for easy access to residents and guests.
This is one of the fastest growing areas in Hollywood and a desirable destination for residents and businesses. The prospective buyer will be able to step into the approval process and use the existing plans for development.
Full Architectural Plans are available.
Investment highlights
The city of Hollywood is one of the most vibrant and active municipalities in South Florida. At just over 27 square miles, the city boasts an array of beaches, boardwalks, restaurants, dining, and entertainment. Hollywood is situated in close proximity to major highways and transportation hubs, making it an ideal location for many of the region’s top employers. It features a robust business community with major industry sectors such as banking, financial services, healthcare, technology, education, and tourism.
In recent years the city has become a popular destination for developers looking to invest in multifamily housing. The area’s strategic location and growing demand for market rate housing are the driving forces behind this trend.
New multifamily developments are coming online throughout the city, offering a range of housing options and lifestyles for residents. At the same time, older properties are benefiting from very favorable rezoning and density allowances leading to a mix of refurbished properties that cater to a diverse range of tenants.
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