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Related Group, BH Plan Residential Tower Adjacent to Hollywood Resort
The Related Group and BH Group have revealed plans for a luxury residential tower at the Diplomat Beach Resort in Hollywood, the South Florida Business Journal reported. The plan for Diplomat Landings comes on the heels of last month’s $835-million acquisition of the hotel and convention center by Honolulu-based Trinity Real Estate Investments and Credit Suisse Asset Management.
Following the acquisition, the buyers struck a deal for Miami-based Related Group and Aventura-based BH Group to jointly develop the west side of the property along the Intracoastal Waterway, according to the Business Journal.
The city’s Technical Advisory Committee will consider plans for Diplomat Landings on April 3. The 37-story tower would total 685,264 square feet with 350 residential units and a 110-space parking garage.
A 2026 completion date is envisioned for the $55-millon property, which was designed by Miami Lakes-based Cohen Freedman Encinosa & Associates, the Business Journal reported.
Pictured: The Diplomat Beach Resort in Hollywood, FL.
- ◦Development
