Live Local Act project in Hollywood adds more apartments (Photos)

Condra Property Group has revised its plans to redevelop a group of oceanfront hotels through Florida’s Live Local Act by adding more residential units to the project.

The city’s Technical Advisory Committee will consider the application from the New York-based developer, led by Allen Konstam, on July 1. It concerns 3.33 acres at 2007 and 2115 N. Ocean Drive; 309, 333 and 341 Oklahoma St.; 320 and 324 McKinley St.; 320, 322, 324 and 326 Nebraska St.; and 2012 N. Surf Road.

Located along the city’s famed broadwalk along the beach, the property currently has 123 hotel rooms in mostly two-story buildings, including the Neptune Hollywood Beach Hotel, the Hollywood Beach Seaside and the Casa Pellegrino Boutique Hotel. The developer has it under contract from various owners.

While this area is not zoned for intense multifamily development, the developer wants to build OM Residential under the state’s Live Local Act.

Approved by the Florida Legislature in 2023 and modified with a “glitch bill” this year, the Live Local Act allows developers to bypass city approvals to boost residential density on commercial or industrial sites to the maximum density allowed in the city, and to boost height to the tallest building within a 1-mile radius in most cases, as long as 40% of the residential units are workforce housing. That means the units must be priced for people making up to 120% of area median income.

In 2023, Condra Property Group filed plans for 228 multifamily units, 14,488 square feet of retail and 6,853 square feet of restaurants in 18 stories at the site under the Live Local Act.

After receiving feedback from city officials, the developer has revised the plans. Now, OM Residential would feature 282 multifamily units, 11,941 square feet of retail, 9,632 square feet of restaurant/bars and 358 parking space. The tallest building would be 17 stories.

There would be four buildings in the new project. A three-story building along the beach would have a restaurant, beach club and a rooftop pool. The six-story middle building would contain 114 units of workforce housing, retail and a rooftop pool. The 17-story building would have another restaurant and 168 market-rate residential units. Finally, a seven-story building on the south side of the site would have ground-floor retail and a parking garage.

The workforce and market-rate buildings would have separate sets of amenities, including gyms, lounges and party rooms.

Units in the workforce building would range from 522-square-foot studios to 975 square feet with two bedrooms, and have an average size of 598 square feet.

In the market-rate building, units would range from 580-square-foot studios to 2,000 square feet with three bedrooms, and have an average size of 861 square feet.

The Live Local Act doesn’t require that workforce and market-rate units have similar sizes and access to the same amenities.

Local attorney Keith Poliakoff, who represents the developer in the application, couldn’t be reached for comment. Hollywood-based Kaller Architecture designed the project.

The parties that Condra Property Group has the properties under contract with are CPG309 LLC, Astrid 7 LLC, JW CPG Hollywood 2 LLC, Pellegrino Nachum LLC, Maria Olivera, Julia 2 LLC, Paradise Julia Terrace LLC, YS Real Estate Investments LLC, Julia 1 LLC, Astrid 2 LLC, Astrid 10 LLC and Astrid 4 LLC.

Article Link: Live Local Act project in Hollywood adds more apartments (Photos)
Author: Brian Bandell