The BLOCK 40 project, Gold Coast Florida Regional Center’s current EB-5 real estate development project in Hollywood, Florida, is positioned to effectively capitalize on everything South Florida has to offer.
It is located at the site of the historic Great Southern Hotel on Young Circle in the vibrant downtown Hollywood community. BLOCK 40 will be a 19-story, mixed-use development consisting of 166 residential units, a 103-room hotel (Hilton Garden Inn) with a nationally recognized restaurant, and 9,793 square feet of retail & office space, positioned in a desirable setting.
The project will rise near Hollywood Circle, a 25-story mixed-use Hollywood development that is a successful, fully funded and sold-out EB-5 project under development by GCF Developments. Hollywood Circle includes 397 residential units, boutique hotel managed by Trust Hospitality (Hotel Circ), a 47,000-square-foot supermarket (Publix), and more than 11,000 square feet of additional retail space. .
BLOCK 40 is located minutes from scenic South Florida beaches and within close proximity to Miami, Fort Lauderdale and West Palm Beach, offering travelers, business professionals and residents an alluring destination to enjoy.
- 166 RESIDENTIAL UNITS
- 103 HOTEL UNITS
- 9,793 RETAIL & OFFICE SPACE (SF)
Located in downtown Hollywood, Florida, at US1 and Hollywood Boulevard, the project is in between the downtown districts of greater Miami and greater Fort Lauderdale. This city has seen tremendous growth during the past several years due in part to its proximity to major metropolitan areas, but also because of its well-established neighborhoods and business communities. Because it is situated between Miami and Fort Lauderdale, Hollywood property costs are generally more affordable, presenting better opportunities for return on investment.
ABOUT THE AREA
- The number of tourists staying one night or more in the greater Miami area has steadily increased over the past four years.
- Tourists come to South Florida prepared to spend money…and they do just that. Among the beneficiaries are the region’s hotels and resorts.
ABOUT THE SOUTH FLORIDA REAL ESTATE MARKET
- South Florida’s solid economy and international visitor growth continue to drive business, in particular demand for goods, hospitality and real estate.
- Over the past three years, the median price of homes across South Florida has increased by more than 50 percent.
- South Florida job growth is among the nation’s highest and newspaper reports indicate that it is fueling the region’s real estate market.
- Forecasters expect regional employment will remain strong, which promises to be good news for South Florida real estate in the future.