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Proposed Ocean Palms Development Moves Forward

MIAMI-If the $170 million project gets approval from the city of Hollywood, FL, next week, the development would consist of 250 condominium units, 12,000 sf of retail, 7,000 sf of restaurant space and a 332-space parking garage.

By Melissa Bogdany | Updated on October 11, 2002

MIAMI-The $170 million Ocean Palms condominium, retail, restaurant and parking garage project proposed for Hollywood is one step closer to reality. The development will face key approvals Oct. 16.

The project, which has had no trouble getting necessary approvals thus far, would be built in two phases, separated by State Road A1A, according to plans filed with the city.

Phase I, consisting of the 250-unit Ocean Palms Condominium, would be built on the five-acre east, oceanfront property at 3101 S. Ocean Drive. The building would be built in three tiers: 38 stories, 35 stories and 32 stories. Condo unit prices would start at $450,000.

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