1203 N. Federal Highway

Posted by City of Hollywood, FL

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Development Site

Size

0.45 acres

Ownership

Publicly Owned
The 1203 parcel small
Federal hwy complete streets2 small
Federal hwy complete streets1 small

Site Description

The City of Hollywood is preparing to sell the property, which consists of an approximately 0.45 acre (approximately 19,600 Square Feet) parcel. It was previously the site of a commercial building, which was demolished.
Strong daytime employment, commercial activity and proximity to downtown create conditions to support redevelopment. The site is well served by major roads and highways including Dixie Highway, Sheridan Road, Hollywood Boulevard. Interstate 95 is located approximately 2.0 miles west of the site. The immediate vicinity of N. Federal Highway (approximately one-mile radius) from the subject property has the following characteristics according to ESRI Business Analyst: a total population of 23,013, total employment of 12,203, and 1,945 businesses. It is located 0.64 miles from Downtown Hollywood and is along one of the busiest Transit corridor's in Broward County.

Local Description

Hollywood is the 3rd largest city in Broward County and is strategically located on the South Florida coast between Fort Lauderdale and Miami. Hollywood is adjacent to the Fort Lauderdale-Hollywood International Airport and is the primary home to Port Everglades. In addition to its proximity to I-95 and the Florida Turnpike, Hollywood is home to two Commerce/Industrial Parks and has a growing niche in Professional Services and Health Care. There is over $1.65 billion in real estate development planned or under construction throughout the city with key commercial corridors offering additional redevelopment opportunities. Downtown Hollywood is easily accessible to South Florida's major cities and will offer new convenient connections through a proposed Tri-Rail Coastal Link passenger service creating redevelopment opportunities for mixed-use, transit-oriented projects that provide the urban lifestyle many residents and visitors are seeking.
Hollywood attracts visitors from around the world who come to stay along its historic oceanfront Broadwalk. This 2.5-mile pedestrian walkway is just steps from the Atlantic and is lined with shops, restaurants and accommodations to fit every taste and budget. The city boasts a high quality of life with more than 60 parks, including three municipal golf courses and a wide variety of recreational amenities including a nearly 10-acre urban park and the Arts Park at Young Circle in the heart of its Downtown, which hosts outdoor concerts, special events, and a burgeoning arts scene.

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Parking Requirement

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Other Completed Agency Approvals

Phase 1 EAS completed.

Zoned for Preferred Outcomes

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Infrastructure

The City regional partners to secure funding for Complete Street improvements. designed to support multi-modal, pedestrian friendly urban environment and enhance the curb appeal of the businesses that front Federal Highway.

Transportation

South US 1 is one of the County's top 5 transit corridors. The corridor serves as a major north-south roadway used for longer distance commute trips, short local convenience trips, and provides connections for east-west travel.

Private Investment

1) Currently $1.65 billion in development or planned over the next few years throughout the City.

Local Development Trends & Market Indicators

1) Competitive Office and Retail rates. 2) 135,000 Population within 3 miles 3) Daytime population over 81,000 within 3 miles. 3) Traffic counts: 38,561 ADT 4) More Info upon Request
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1203 N Federal Hwy, Hollywood, FL 33020

0.45 acres (19612.82 sqft)
Owner
City of Hollywood
Hollywood, Florida
Details
APN: 514210050030
Publicly Owned

Contact Brian Rademacher

Brian, from City of Hollywood, FL, has more details.

Created on July 1st, 2015 (last updated 11 months ago)