{"id":27911,"date":"2025-10-31T12:25:08","date_gmt":"2025-10-31T12:25:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/27911\/"},"modified":"2025-10-31T12:25:08","modified_gmt":"2025-10-31T12:25:08","slug":"hollywood-florida-sees-more-than-1-billion-in-new-development-as-regional-growth-accelerates","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/27911\/","title":{"rendered":"Hollywood, Florida, Sees More Than $1 Billion in New Development as Regional Growth Accelerates"},"content":{"rendered":"<p>Hollywood, Florida, is seeing a steady rise in development activity as investors and builders extend their focus north of Miami into emerging coastal submarkets. Recently named among the \u201c5 Florida Beach Towns to Buy Property in the Next 5 Years,\u201d the city has recorded consistent absorption and rental performance that rivals neighboring Fort Lauderdale and West Palm Beach. Stabilized multifamily assets are maintaining vacancy rates below seven percent, reflecting sustained housing demand and an expanding residential base.<\/p>\n<p>The trend mirrors a broader regional shift as developers and capital groups concentrate on locations where land availability, infrastructure capacity, and pricing still support large-scale, economically viable projects. Hollywood\u2019s position between Miami and Fort Lauderdale, coupled with access to key transportation corridors and ongoing civic investment, has made it a focal point for new residential and mixed-use construction.<\/p>\n<p>Several projects now moving forward illustrate the scope of development taking shape across the city. The South Broward Hospital District Board has approved a $670 million expansion of Memorial Regional Hospital, one of the largest healthcare investments in Broward County. The project includes a new Surgical and Patient Bed Tower, expanding capacity and reinforcing the city\u2019s role within South Florida\u2019s healthcare network.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-36104 size-full\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2025\/10\/IMG_6602-1.jpeg\" alt=\"\" width=\"650\" height=\"525\"  \/><\/p>\n<p class=\"wp-caption-text\">Credit: Memorial Regional Hospital.<\/p>\n<p>In the city\u2019s downtown core, Revv Hollywood, developed by The Calta Group, is approaching completion. The eight-story building will introduce new multifamily housing within walking distance of shops, dining, and public transit, with initial move-ins expected later this year.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-22361\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2025\/10\/Revv-3-scaled.jpg\" alt=\"\" width=\"2560\" height=\"2014\"  \/><\/p>\n<p class=\"wp-caption-text\">Revv Hollywood. Credit: The Calta Group<\/p>\n<p>Miami-based Alta Developers recently introduced GAIA Residences, a luxury condominium development emphasizing wellness-focused living. The project features two acres of landscaped amenities, panoramic views, and access to a private beach club, along with membership to the nearby Hollywood Beach Golf Club, which is currently undergoing a $15 million renovation.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-36105\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2025\/10\/IMG_6603.jpeg\" alt=\"\" width=\"499\" height=\"400\"  \/><\/p>\n<p class=\"wp-caption-text\">Credit: Alta Developers.<\/p>\n<p>Additional investments include University Station, a $100 million mixed-use affordable housing development supporting transit-oriented growth.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-36107\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2025\/10\/IMG_6604.jpeg\" alt=\"\" width=\"1024\" height=\"704\"  \/><\/p>\n<p class=\"wp-caption-text\">Credit: Housing Trust Group.<\/p>\n<p>While technically located in Fort Lauderdale, the proposed Galleria Mall Redevelopment led by Russell Galbut contributes to the broader regional wave of development occurring throughout South Florida. The project envisions nine 30-story towers incorporating 3,000 residential units with retail and hospitality components, underscoring the scale of ongoing investment within Broward County.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-36109\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2025\/10\/IMG_6606.jpeg\" alt=\"\" width=\"762\" height=\"402\"  \/><\/p>\n<p class=\"wp-caption-text\">Credit: Arquitectonica.<\/p>\n<p>Together, these developments represent a new phase in Hollywood\u2019s urban evolution, characterized by healthcare expansion, infill residential projects, and the adaptive reuse of key sites. As construction progresses, the city\u2019s role within South Florida\u2019s development corridor is becoming more defined by a balance of accessibility, livability, and long-term growth potential.<\/p>\n<p> <a href=\"http:\/\/eepurl.com\/hud0UH\" rel=\"nofollow noopener\" target=\"_blank\">Subscribe<\/a> to YIMBY\u2019s daily e-mail<\/p>\n<p><a href=\"https:\/\/instagram.com\/yimbygram\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Follow<\/a> YIMBYgram for real-time photo updates<br \/><a href=\"https:\/\/www.facebook.com\/YIMBYFB\" rel=\"nofollow noopener\" target=\"_blank\">Like<\/a>\u00a0YIMBY on Facebook<br \/><a href=\"https:\/\/twitter.com\/yimbytweets\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Follow<\/a> YIMBY\u2019s Twitter for the latest in YIMBYnews<\/p>\n<p><a href=\"https:\/\/floridayimby.com\/category\/uncategorized\" rel=\"category tag nofollow noopener\" target=\"_blank\">Uncategorized<\/a><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"Hollywood, Florida, is seeing a steady rise in development activity as investors and builders extend their focus north&hellip;\n","protected":false},"author":2,"featured_media":27912,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[249,251,250],"class_list":["post-27911","post","type-post","status-publish","format-standard","has-post-thumbnail","category-fort-lauderdale","tag-fort-lauderdale","tag-fort-lauderdale-headlines","tag-fort-lauderdale-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/27911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=27911"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/27911\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/27912"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=27911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=27911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=27911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}