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Deals & Dealmakers

The Estate Companies Obtains Unanimous Site Plan Approval for Two More Luxury Rental Communities in Hollywood, FL

The Estate Companies (EIG), a leading developer of luxury multifamily projects throughout South Florida, has obtained site plan approval for Soleste Hollywood Village North at 2001 Van Buren St. and Soleste Hollywood Village South across the street at 2000 Van Buren St. The City of Hollywood Planning & Development Board voted unanimously in favor of the projects on Oct. 11th. The firm is planning to break ground on the projects in Q4 2022.

“We wish to thank both the City of Hollywood’s Staff and the Planning and Development Board for providing us with the opportunity to bring two transformative projects to the great City of Hollywood’s Downtown,” stated Nicholas Diaz-Silveira, senior development associate, The Estate Companies.

Rising 12 stories and totaling 206,985 square feet, Soleste Hollywood Village North will deliver 300 luxury apartment rental units, eight live/work units on the ground level, a fifth-floor amenity deck, and 384 parking spaces.

Soleste Hollywood Village South comprises eight stories and 160,250 square feet, with 203 luxury apartment rental units, five live/work units on the ground level, a fourth-floor amenity deck, and 273 parking spaces.

Both buildings will offer studio apartments, one-bedroom units, one-bedroom units with dens, and two-bedroom units ranging in size from 418 to 945 square feet. Units will feature sleek and spacious modern kitchens with gourmet stainless steel appliances, elegant Quartz countertops and European style cabinetry. Spacious walk-in closets, a 24/7 package concierge system, and keyless entry add to the daily conveniences.

Like all projects within the Soleste Living brand portfolio, Soleste Hollywood Village North and South will be highly amenitized developments with a vast collection of health and wellness offerings, social and pet-friendly components. Each building will feature a resort-style pool, spacious sundeck with cabanas, state-of-the-art fitness center, yoga, spin and aerobics room with on-demand fitness, social and gaming lounge, al-fresco kitchen, cyber lobby with co-working spaces, dog park and pet washing station, dry cleaning and laundry services, and electric car charging stations.

Soleste Hollywood Village North and Soleste Hollywood Village South are located just south of Hollywood Boulevard and two blocks west of Young Circle. The site is within walking distance to an abundance of boutiques, dining and cultural establishments in Downtown Hollywood and a quick bike ride to the Hollywood Beach Broadwalk.

Soleste Hollywood Village North and Soleste Hollywood Village South represent The Estate Companies’ second and third major investments in Hollywood. Located at 2001 Hollywood Blvd. in Downtown’s opportunity zone, the firm recently began construction on Soleste Hollywood Boulevard, an eight-story mixed-use luxury apartment rental community with 324 apartment units and approximately 30,000 square feet of commercial space.  

The Estate Companies is one of Florida’s largest and most active multifamily development firms with more than 4,000 rental units and 153,000 square feet of commercial space in the pipeline throughout the tri-county region. The firm recently completed and sold Miami’s first large-scale, ground-up opportunity zone development, Soleste Grand Central in Downtown Miami. The firm has numerous projects in various stages of development, including two in North Miami Beach, three in Hollywood, Dania Beach, Lauderhill, Pompano Beach, Riviera Beach, West Palm Beach. Development is nearing completion on Alture Westland, a hotel conversion in Hialeah, and Soleste Spring Gardens in Miami’s historic health district. For information on The Estate Companies, please visit www.eigfl.com or www.solesteliving.com.

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