Hollywood Developers Build $1.5B in Projects, Add 3,500 New Units

Hollywood, Florida has over $1.5 billion in real estate development actively underway, recently completed, or planned, including more than 3,500 new residential units in Downtown Hollywood and major corridors. These figures form the baseline for evaluating investor yields returns and what the numbers show across active sites.

Revv Hollywood scale and timeline

Revv Hollywood, an eight-story multifamily building by The Calta Group in downtown core, is approaching completion with initial move-ins expected later in 2025. The project contributes to the overall unit count and supplies a near-term delivery date that factors into yield calculations based on occupancy ramp-up.

GAIA Residences pricing range

GAIA Residences, a luxury wellness-focused condominium by Alta Developers at 401 N Federal Hwy, features two acres of landscaped amenities and private beach club access, with prices ranging from $480,000 to $1,100,000. These sale prices provide direct data points for estimating per-unit returns once rental or resale activity begins.

Park Road Development unit mix

Park Road Development plans a 30.6-acre, six-building apartment complex with 620 units from studios to three-bedroom and two pools. The proposal was set to present to the city in June 2024, adding a large-scale rental component whose unit mix and amenity count influence projected cash-flow metrics for investors.

Portofino Hollywood and One Hollywood Residences

Portofino Hollywood, a 27-story luxury high-rise on city-owned beachfront property, is being cleared for development despite resident concerns. One Hollywood Residences will add 248 units across 22 stories starting construction in summer 2025. Both projects enlarge the total residential pipeline and supply additional volume data for yield modeling.

The verified counts of units, price bands, and delivery windows allow investors to compare expected revenue streams against development costs without additional assumptions. Next steps center on construction progress at Revv Hollywood and permitting outcomes for the remaining sites, which will update the same numerical inputs used for return projections.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.