Related, BH Group Obtains $360M Construction Financing for Hollywood Condos
Real estate developers Related Group (Related) and BH Group closed on a $360 million construction financing from Tyko Capital for the waterfront development Icon Beach Waterfront Residences. to three-bedroom residences range from 948 to 2,580 square feet.
On Hollywood’s shoreline, the 38-story dual-waterfront tower offers 350 luxury waterfront residences, with one to three-bedroom residences ranging from 948 to 2,580 square feet, and a suite of amenities, including an on-site marina and full-service beach club. Other amenities include a pool with a sun shelf, private cabanas, a hot tub and a cold plunge, a full spa, complemented by an outdoor cinema, a tranquil yoga garden, a cafe, summer kitchens and a waterfront event space.
A hospitality team provides 24‑hour concierge service, valet service, on‑site management, and security.
Construction is expected to begin in May, with completion on track for 2028. Cohen Freedman Encinosa & Associates is the architectural firm overseeing design.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout