Monday, June 16, 2014

The City of Hollywood, Florida in the sights of investors

For many it is no surprise that in August this year, Fitch Ratings, a company known worldwide for ratings, raised the financial forecast for the city of Hollywood to "stable". The real estate market in South Florida has recovered well from his debacle in 2008, only this time, the visionaries of real estate around the world have set their sights on promising cities with high potential. Hollywood, Florida, waterfront community located between Miami and Fort Lauderdale, has become quoted a place to live, work and invest.

Prices of homes in Miami in neighborhoods such as quoted Aventura, Brickell and Coral Gables have reached record prices, many of which are out of reach for young families. In the past six years, Hollywood has become the most desirable city for young families of upper-middle class who wish to settle. The city has a unique location and all that other expensive communities in the Miami area has to offer: restaurants, shops, residential and hotel developments upscale, and beautiful beaches. The seaside promenade of Hollywood Beach ranked fifth nationally, according to the magazine Travel and Leisure. In general, it has become an excellent alternative for those who want to invest in luxury residential developments without having to incur huge investments.

"Hollywood is the ideal midpoint. When meeting with my clients, only takes me fifteen minutes to get to Fort Lauderdale and twenty in Downtown Miami reach, "said Jonathan Silverman, former resident of Aventura, who recently purchased a home in a luxurious gated community called Hollywood Oaks. For Silverman, a father of two children, safety ratings and schools were two decisive factors when choosing Hollywood. Of the thirty-one schools in the city, more than one third obtained "A" rating.

Realizing its potential, developers and visionaries of the United States and the world have set their eyes on the city of Hollywood, introducing luxury developments notch in the area. Costa Hollywood Condo Resort located in Hollywood Beach Village began construction on June 27, 2013.'s One of the most anticipated developments in the city and has 307 units ready to occupy and retail trade upscale. More than 50% has been sold and construction is expected to culminate in the last quarter of 2014. Margaritaville Hollywood Beach Resort, a proposed $ 147 million, will bring a significant increase in tourism and turn the city into a center sophisticated urban. Additionally HDG Executive Suites introduced the first office building "boutique" on Hollywood Boulevard. The Class A building has spaces of virtual and executive office fully equipped with European furniture and contemporary design. Companies, professionals and entrepreneurs can benefit from a prestigious corporate address, art facilities, a collection of Latin American art and reception services in Spanish and English for a fixed monthly fee.

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