Hollywood trailer park goes under contract to developer
The developer has proposed a 7-story project here.
Pinnacle aims to redevelop a trailer park in Hollywood to build the second phase of its affordable housing project.
The city’s Technical Advisory Committee on Sept. 6 will consider plans for Pinnacle 441 Phase 2. Miami-based Pinnacle has the 1.67-acre trailer park, containing 50 homes, at 6028 Johnson St. under contract from Ponte Vedra-based TP Hollywood LLC.
Directly to the east of the trailer park, Pinnacle broke ground on Pinnacle 441 in early August. The $45 million project will have 110 affordable apartments, three market-rate apartments and 6,760 square feet of retail.
“We’re really excited to expand our footprint in affordable housing development with the possibility of adding 100 additional residences with the second phase of Pinnacle 441,” Pinnacle regional VP Timothy Wheat stated.
Totaling 123,593 square feet in seven stories, the project would have 100 apartments and 110 parking spaces. The units would range from 783 to 1,330 square feet.
There would be 30 one-bedroom units, 47 two-bedroom units, 22 three-bedroom units, and one ground-floor live-work unit with two bedrooms and space for a small business.
There wouldn’t be many amenities in the building, as the tenants would have access to the amenities in the first phase of the project.
Hollywood-based Kaller Architecture designed the project. Fort Lauderdale-based attorney Keith Poliakoff represents the developer in the application.
With rents spiking by double digits in Broward County over the past year, there is huge demand for affordable housing. The U.S. 441 corridor in Hollywood didn’t have much development for decades, but the city has allowed more density there and developers have taken a stronger interest in the area.
Many trailer parks in South Florida have been redeveloped into more profitable uses in recent years. This is one of the few instances in which the trailer park would be replaced by affordable housing, instead of market-rate apartments or industrial.
Article Link: Hollywood trailer park goes under contract to developer
Auther: Brian Bandell