{"id":327797,"date":"2026-07-02T22:05:09","date_gmt":"2026-07-02T22:05:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/327797\/"},"modified":"2026-07-02T22:05:09","modified_gmt":"2026-07-02T22:05:09","slug":"david-martin-in-talks-to-join-hollywood-beach-resort-buyers","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/327797\/","title":{"rendered":"David Martin in Talks to Join Hollywood Beach Resort Buyers"},"content":{"rendered":"

Developer David Martin is in talks to join the Related Group and BH Group on their planned redevelopment of the Hollywood Beach Resort, sources told The Real Deal.\u00a0<\/p>\n

The P\u00e9rez family\u2019s Coconut Grove-based Related and Isaac and Liat Toledano<\/a>\u2019s Aventura-based BH Group are under contract to acquire<\/a> the 4.5-acre property at 101 North Ocean Drive, as previously reported by TRD. The Chetrit Group is selling the century-old resort. A source said the property is under contract for $100 million.\u00a0<\/p>\n

Martin, CEO of Terra Group declined to comment through a spokesperson. In a statement, BH named Terra and Related as its partners in the deal and said that BH has more than 20 projects with Related across South Florida.\u00a0<\/p>\n

A source said Terra\u2019s deal isn\u2019t finalized. Terra is also working with BH on a luxury condo development in West Palm Beach. The partners are paying about $100 million<\/a> for the 1.6-acre site at 2085 North Flagler Drive.\u00a0<\/p>\n

Led by Related and BH, the partnership plans to redevelop the 398-unit Hollywood Beach Resort. The Chetrit family\u2019s New York-based firm acquired the oceanfront resort through a bulk purchase<\/a> of its condos and timeshares in a series of closings that ended in 2023. At a city commission meeting last month, Commissioner Caryl Shuham voted against affirming the property\u2019s vested development rights, a prerequisite for platting the site. Shuham, the sole no vote, said the property was \u201cleft to decay\u201d by the Chetrits.\u00a0<\/p>\n

It was built as a hotel in 1925 by developer Joseph W. Young, who founded Hollywood.\u00a0<\/p>\n

Last year, Chetrit\u2019s lender, Madison Realty Capital, filed for UCC foreclosure<\/a> on two Chetrit sites: a waterfront condo development site in Pompano Beach and 102 condo units at the Hollywood Beach Resort. Last year, Chetrit sold a majority stake<\/a> in its massive Miami River project to Adam Neumann\u2019s Flow, Canada Global and billionaire Yakir Gabay\u2019s Yellowstone Trust.\u00a0<\/p>\n

Related, Terra and BH have all been incredibly active this cycle, with luxury condo projects across South Florida, as well as other mixed-use developments.\u00a0<\/p>\n

Related and Terra are teaming up on a condo buyout of the 134-unit St. Louis building on Miami\u2019s Brickell Key, potentially for roughly $200 million<\/a>. The property is next to the planned two-tower Mandarin Residences luxury condo project.\u00a0<\/p>\n

\tRead more
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\n\t\t\t\t\t\t\t\t\tResidential\t\t\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\t\t\t\t\tSouth Florida\t\t\t\t\t\t\t\t<\/p>\n

Jorge P\u00e9rez, BH have Hollywood oceanfront landmark under contract from Chetrit Group<\/p>\n

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\n\t\t\t\t\t\t\t\t\tDevelopment\t\t\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\t\t\t\t\tSouth Florida\t\t\t\t\t\t\t\t<\/p>\n

Isaac Toledano, Israeli investor\u2019s dueling real estate lawsuits spill into family drama\u00a0<\/p>\n

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\t\t\t\t\t\t\t\t\t\t\t\t\t\"Meyer\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

As legal challenges mount, what\u2019s next for the Chetrits?<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Developer David Martin is in talks to join the Related Group and BH Group on their planned redevelopment…\n","protected":false},"author":2,"featured_media":327798,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[249,251,250,135386],"class_list":["post-327797","post","type-post","status-publish","format-standard","has-post-thumbnail","category-fort-lauderdale","tag-fort-lauderdale","tag-fort-lauderdale-headlines","tag-fort-lauderdale-news","tag-hollywood-beach-resort-buyers"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/327797","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=327797"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/327797\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/327798"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=327797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=327797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=327797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}