The Estate Companies has received the green light for their ambitious project, Soleste La Piazza in Hollywood, a captivating 23-story apartment tower set to redefine the landscape of the city. This significant milestone comes following the company’s strategic acquisition of a prime property from the city, marking another milestone in their commitment to revitalizing the downtown Hollywood area.
On September 12, the city’s Planning and Development Board enthusiastically approved Soleste La Piazza at 1845 Hollywood Blvd. This development reflects The Estate Cos.‘s dedication to breathing new life into South Florida’s heart. They started by securing a long-term ground lease for the property. Then, they offered to buy the 1.01-acre site from the Hollywood Community Redevelopment Agency (CRA).
The Estate Cos., through their affiliate 1845 Young Circle Holding LLC, purchased the property from the city for $1.5 million in July. The current mixed-use building, with 21 residential units and some ground-floor commercial space, will be demolished for Soleste La Piazza project.
The number of apartments in the upcoming Soleste La Piazza in Hollywood
Soleste La Piazza will offer 378 apartments, 6,919 square feet of retail, 1,706 square feet of offices, and over 470 parking spaces. Apartments will range from 404-square-foot studios to 1,605-square-foot three-bedroom units. Amenities will include a pool deck, fitness center, and social lounge. Jeffrey Ardizon, Principal of the Estate Cos., expressed excitement for the Soleste La Piazza, saying, “Downtown Hollywood is becoming one of South Florida’s most desirable urban locations. This site sits on Young Circle and Hollywood Boulevard, the city’s main artery, making it the last major developable and most desirable site on the Circle.“
The architectural marvel of the new apartment tower, Soleste La Piazza in Hollywood is being brought to life by South Miami-based Form Group, with attorney Debbie Orshefsky skillfully representing the developer in the application process. Notably, The Estate Cos. has already embarked on a groundbreaking venture with Soleste Hollywood Boulevard in 2022 and initiated construction on the first of two apartment complexes on Van Buren Street in August, further solidifying their commitment to reshaping the urban landscape and bringing forth new, innovative developments like Soleste La Piazza in Hollywood.
The developer hasn’t provided a construction timeline yet for the Soleste La Piazza.