Hollywood, Florida, is seeing a steady rise in development activity as investors and builders extend their focus north of Miami into emerging coastal submarkets. Recently named among the “5 Florida Beach Towns to Buy Property in the Next 5 Years,” the city has recorded consistent absorption and rental performance that rivals neighboring Fort Lauderdale and West Palm Beach. Stabilized multifamily assets are maintaining vacancy rates below seven percent, reflecting sustained housing demand and an expanding residential base.
The trend mirrors a broader regional shift as developers and capital groups concentrate on locations where land availability, infrastructure capacity, and pricing still support large-scale, economically viable projects. Hollywood’s position between Miami and Fort Lauderdale, coupled with access to key transportation corridors and ongoing civic investment, has made it a focal point for new residential and mixed-use construction.
Several projects now moving forward illustrate the scope of development taking shape across the city. The South Broward Hospital District Board has approved a $670 million expansion of Memorial Regional Hospital, one of the largest healthcare investments in Broward County. The project includes a new Surgical and Patient Bed Tower, expanding capacity and reinforcing the city’s role within South Florida’s healthcare network.
In the city’s downtown core, Revv Hollywood, developed by The Calta Group, is approaching completion. The eight-story building will introduce new multifamily housing within walking distance of shops, dining, and public transit, with initial move-ins expected later this year.
Miami-based Alta Developers recently introduced GAIA Residences, a luxury condominium development emphasizing wellness-focused living. The project features two acres of landscaped amenities, panoramic views, and access to a private beach club, along with membership to the nearby Hollywood Beach Golf Club, which is currently undergoing a $15 million renovation.
Additional investments include University Station, a $100 million mixed-use affordable housing development supporting transit-oriented growth.
While technically located in Fort Lauderdale, the proposed Galleria Mall Redevelopment led by Russell Galbut contributes to the broader regional wave of development occurring throughout South Florida. The project envisions nine 30-story towers incorporating 3,000 residential units with retail and hospitality components, underscoring the scale of ongoing investment within Broward County.
Together, these developments represent a new phase in Hollywood’s urban evolution, characterized by healthcare expansion, infill residential projects, and the adaptive reuse of key sites. As construction progresses, the city’s role within South Florida’s development corridor is becoming more defined by a balance of accessibility, livability, and long-term growth potential…