Oceanfront Development in Hollywood, Florida with P3 Components
The Related Group
Successful representation of Related Group in the submission of an unsolicited proposal to the City of Hollywood for the redevelopment of a public 4-acre oceanfront property. Counseled the client through its response to the ensuing request for proposals, which was ultimately chosen as the winning proposal. Subsequent negotiation of a comprehensive agreement with the City and 99-year ground lease, which entails client developing a new community center, a renovated park, additional public parking, and a 135-unit condominium on the property, with the additional benefit to the City of approximately $1 billion in new revenue over the course of the 99-year lease.
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