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Ocean Palms to Break Ground in 4Q

MIAMI-Avatar Holdings Inc. of Coral Gables, FL anticipates construction might start on the $200 million, 250-unit ultra-luxury condominium development on Hollywood Beach, FL as early as the fourth quarter.

By Melissa Bogdany | Updated on May 27, 2003

MIAMI-Coral Gables, FL-based Avatar Holdings Inc. says it anticipates that construction will begin on Ocean Palms, its $200 million, 250-unit ultra-luxury condominium development that is a joint venture with The Plaza Group, in the fourth quarter of this year or the first quarter of next year.

The $200 million Ocean Palms will be built on the beach in Hollywood, FL. The project will be built in three tiers: 38 stories, 35 stories and 32 stories–which will encompass phase one.

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