Developers Get $83M Construction Loan To Build 362 Apartments At Hollywood Bread Building

Construction financing has just been issued for a 25-story apartment building planned on the Hollywood Bread Building site on Hollywood’s Young Circle.

The Hollywood Bread Building was demolished last year to make way for the new apartment building.

The new tower will include 362 apartments.

BTI Partners and equity partner Bridge are the developers.

Canadian Imperial Bank of Commerce is the lender.

BTI and Bridge are also planning two larger towers on Young Circle known as B57 North and B57 South.

The two additional towers will rise 35-stories and include over 850 apartments, office, retail, and 1,636 parking spaces.

Attorneys Luis Flores, Michael Denberg and Sophia Rub of Saul Ewing Arnstein & Lehr represented the developer in closing the transaction.

Cushman & Wakefield Equity, Debt & Structured Finance team, including Steve Kohn, Chris Lentz and Chris Moyer, played a key role in identifying CIBC as the ideal capital source.

 

Hollywood Bread Building, with construction financing:

All three proposed towers:

 

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Anonymous
1 month ago

I think hollywood is a very underrated city in south Florida. It’s in a great location. 10 mins from FLL. 10 mins from aventura. Pretty central between Miami and FTL. It has such great potential. They have a quaint little historic downtown right next to the FEC tracks that could easily have a brightline station. They have that nice park in the circle. What’s desperately need that could transform the beach is a full gut job and complete restoration of the historic beach hotel to its former grandeur.

Anonymous
1 month ago

Chetrit Group of NY is buying up the condos in the Hollywood Beach Resort – already purchased half the units. It’s headed for redevelopment.

Anonymous
1 month ago

Correction, Chetrit owns 254 out of 360 condo units now. Owns 70% of the condo units now. They’re not messing around.

Anonymous
1 month ago

It’s not only the condo. The hotel, mall and garage are all owned by different entities. Related tried buying everything up but became too complicated.

Anonymous
1 month ago

agree 100%, it’s a disgrace how dilapidated the Hollywood Beach Resort has been for decades now.

Anon
1 month ago

Brace yourselves: Not In Miami comments are coming

YEET
1 month ago

Hollywood is growing up quick! This is a nice and needed development.

Melo is sigma and chad
1 month ago

I have to say hollywood is stepping it up to be a work/live.play area. Alot of developments and downtown hollywood getting new buildings.

Anon
1 month ago

Man this area is growing quick, that bread building was an eyesore.

Antennae
1 month ago

It’s a very nice tower in a beautiful location. Anything east of I95 in Hollywood is very nice. However, I don’t really get up to Broward much. Too far especially now with gas prices where they are.

Get over it
1 month ago

BuT iTS NoT MiAMi!!1!!!!1!! /s

Mike
1 month ago

As a Hollywood resident! Looks good!

Welter
1 month ago

1100 new units along the Hollywood Blvd artery… uh… not looking forward to it.

Who cares!
1 month ago

I am sure that those apartments will be overpriced so only the privileged can afford….barf! They can ask daddy to buy them a house instead…!!!🤮

Anonymous
1 month ago

Priviliged to have studied in school and qualified for a real job instead of cutting class to smoke and then getting a job ringing up tacos and Pepsis.

Sonni
1 month ago

I’ve worked for the federal government for the last 23 years and before that the military and I don’t think that I’d be able to afford them
PS. I’ve never did drugs nor worked at a fast food restaurant.

Anonymous
1 month ago

^^well that’s real informative. It’s like saying you worked at a bank for 23 years. Could’ve been a near min. wage teller all those years, or could have risen to being a $300k/yr VP.

Melo, a true giga chad
1 month ago

Very European

Anonymous
1 month ago

Yes, very commieblock.

30kmillionMIA
1 month ago

the iconic Hollywood Bread sign was preserved and supposed to be included in the new construction. Don’t see it in this rendering, hopefully it’s still in the plans

Anonymous
1 month ago

The alternating length Tetris blocks in the middle ruin it.

Dean
1 month ago

Young Circle and the venues around it were so much better back in the day before these vertical developments / density increases, really miss those days

Anonymous
1 month ago

You miss the dilapidated buildings and the Greyhound bus terminal and the staggering junkies roaming around. Surely you troll.

Gregory Sandoval
1 month ago

Finally! They’re gonna tear out that idiotic grocery store on the center of Hollywood Boulevard and restore the street between the two new towers. The third tower at Federal is so derivative tho! Boring dull gray paint again! Stupid kiddy brick pattern balcony dividers! Boring! Childish!

Born and raised here
1 month ago

It’s all about money. Taking a quint neighborhood and turning it into another Lincoln Road that was destroyed and South Beach. Greed…..

Anonymous
1 month ago

This would be perfect for The Next Broward.

Anon
1 month ago

Not Miami, NEXT.