Groundbreaking for Hyde Beach House at 4000 S. Ocean Drive in Hollywood is scheduled for September 6, according to Related Group President Carlos Rosso (via Sean McCaughan)
The 42-story tower is valued at $200 million. It will include 265 condo-hotel units, along with 77 residential condo units. Pricing averages about $600 per square foot.
13th Floor Investments and Key International are partners in the project.
In April, contractors topped off another similar condo hotel, Related’s 41-story Hyde Resort & Residences. Closing are scheduled to begin their by the end of this year.