MIAMI— In the new wave of condo development, we're seeing some interesting twists. One developer is looking to push Hollywood to South Beach entertainment status.

This one developer might not be as far off as it first sounds. Trump has built in Hollywood and a new Jimmy Buffett's Margaritaville is under construction here. Supermodel Amber Arbucci joined longtime friend and South Beach pioneer Michael Capponi and developer Moses Bensusan in Miami Beach to cohost the debut party for the Costa Hollywood condo resort in before the project broke ground.

Moses Bensusan is the visionary behind Costa Hollywood. Liberty Grand broke ground on the development in July 2013. The condo is slated for completion by Spring 2015.

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