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Hollywood, FL, United States, 2006/02/08 - Trump Hollywood Florida is the latest Trump project in South Florida. This article will address Hollywood Florida as a city to invest and how Trump Hollywood Florida addition will impact the city and tips for investors considering the project.
Trump joined forces with 2 major developers to build Trump Hollywood, a 200-unit luxury condo on the beach in Hollywood with Preconstruction prices from $1.5MM to over $4MM. Project will complete in 3 years.
The 40-story contemporary glass tower will feature 200 expansive residences, all with private elevator access. Trump Hollywood will front 240 feet of pristine sandy beaches on the Atlantic Ocean, and affords each residence spectacular and unobstructed ocean, Intracoastal and city views. Trump Hollywood will feature 2, 3 and S bedroom units, ranging in size from 2,070 square feet to over 4, 350 square feet of living space and expansive terraces. Penthouse residences will offer over 7,000 feet.
Hollywood Beach is the home for some ultra luxury oceanfront properties such as “Ocean Palms” (to be ready in few month ), Hallandale Beach Club and the Diplomat.
Hollywood Florida also seen successful condo conversion projects such as “Residences”, the oceanfront property which was completely remodeled. Preconstruction investors in the above projects have been highly rewarded for their vision.
Why Hollywood beach?
Hollywood beach offers boardwalk and sand between you and the ocean. Minutes from Fort Lauderdale and Miami Airports. Bike, run, or walk the 2.5 mile boarwalk at your front door. Watch distant cruise ships as they head to and from Port Everglades.
With over seven miles of beautiful white sand beaches and Florida's only Oceanfront Broadwalk (a 27-foot wide path where no cars come between you and the beach) Hollywood Florida is the perfect vacation spot.
Hollywood Florida Features the Downtown Hollywood Art and Design District. With dancing, theater and movies. Downtown is rich in cultural events and activities.
There is a major financial commitment to redevelop the downtown area called “Young Circle”. When “Radius”, a new Preconstruction Condos in downtown Hollywood opened for sales, buyers camped for days to get a unit and Radius was sold in 2 hours.
Major projects include the Broadwalk renovation project and to widen the beach.
Hollywood Beach just approved gambling after long dispute. You can find slot machines in Hard rock café. The city gets about 50% of the proceeds. This in return will create more jobs, more publicity and more funding for additional infrastructure projects.
The Broadwalk, Florida Hollywood's beaches are recognized as "Blue Wave" Beaches, awarded by the clean beaches council of Washington D.C. as environmentally friendly waters. The Beach in Hollywood Florida also hosts cultural events such as the bi-monthly Broadwalk Friday Fest and the annual Red, White, and Bluegrass Festival.
What is the potential for Trump Hollywood Florida and Hollywood Florida real estate in the near future and the long term?
Trump Prices expected at $650 per foot. New luxury Hollywood Fla, condos such as Hallandale Beach Club selling for prices starting at $550 per foot. Advantages in buying Trump Hollywood would include the name recognition. Also, Trump will be involved in promoting the project, and you will have 3 years of appreciation since you’re buying preconstruction. Another option, you could buy another newer oceanfront condos like Hallandale Beach Club or Ocean Palms and watch as the prices appreciate since Hollywood Fla, real estate will be appreciating. Last year, Hollywood Fla, real estate appreciated close to 30% and the forecast for this year is %20.
As an investor, I have been aggressively buying oceanfront preconstruction condos. As a Hollywood Florida realtor, I geared my clients to do the same. This strategy has worked very well and it’s one of the safest investments I would recommend.