- Units
- 53
- Size
- 74,886 sq ft
- Purchased
- Dec 2021
- Investors
- 6
Overview
A 53-unit multifamily development in Hollywood, FL, designed and permitted for ground-up construction. The project is fund-managed and asset-managed in-house by Prime Equity from acquisition through stabilized sale.
Project Snapshot
In ProgressThis project is underway and closed to new investment.
- Purchased
- Dec 2021
- Investors
- 6
- Units
- 53
- Size
- 74,886 sq ft
Property Details
- Address
- 2021 & 2027 Jefferson Street
- City
- Hollywood
- State
- Florida
- Building
- Ground Up, Class-A Apartment
- Zoning
- DH-3
- Walk Score
- 91
This property is comprised of two adjoining lots — 2021 & 2027 Jefferson Street — both located in the Parkside neighborhood in Hollywood, a well-established area that has become a hub for new technology, artistic communities, and creative businesses.
The project will be home to 53 Class-A residential units in a seven-story building filled with luxury amenities, in a vibrant and thriving district with excellent access to transportation, entertainment, and retail corridors, and a Walk Score of 91.
Both the 2021 and 2027 sites are within the DH-3 zoning district.
Unit Mix
| Unit Type | Units | Avg SF | Pro Forma Rent | Rent / SF |
|---|---|---|---|---|
| Studio | 4 | 400 | $1,800 | $4.50 |
| 1 Bed | 28 | 679 | $2,300 | $3.30 |
| 2 Bed | 16 | 989 | $2,700 | $2.70 |
| 2 Bed Penthouse | 5 | 989 | $3,100 | $3.10 |
| Total | 53 units | |||
Amenities
- Private Gym
- Business Center
- Private Co-Working Spaces
- Outdoor Cooking Area
- Fully Equipped Kitchens
- In-Unit Washer/Dryer
- Outdoor Space
- Rooftop Lounge
Location & Neighborhood
- 5-minute drive from the beach in Parkside, Hollywood
- Direct highway access to Downtown Miami
- Close to both Hollywood Beach and I-95
- 15 minutes from Ft. Lauderdale International Airport
- Walking/biking distance to the anticipated Downtown Train Station
Management
Prime Equity (Sponsor) is a uniquely qualified company established to create value in Florida's highly competitive multi-family real estate market. Its in-house resources allow it to fulfill every role of the real estate process as broker, developer, and asset manager. Specializing in multi-family ground-up construction and value-add real estate, Prime Equity's streamlined process maximizes efficiency, increases value, and minimizes risk across complex deal structures.
Invest With Prime Equity
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