42-Story Hyde Beach House Will Break Ground Within Weeks

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.