Monday, June 26, 2006

Hollywood Station Kicks Off $34M Phase Two

HOLLYWOOD, FL- Coral Gables-based Cornerstone Premier Communities has begun the $34-million second phase of Hollywood Station at the corner of Hollywood Boulevard and South Dixie Highway has started. Completion is expected in March 2007.

Richard Lamondin, president of Cornerstone Premier Communities, tells that demolition has been completed and site work began this week. “We decided to build different types of housing in this phase than the first,” Lamondin says. “That decision was based on what we saw in the marketplace. People kept asking us if we had lofts.”
The second phase will consist of 43 three-story townhomes, 85 five-story residential lofts and five work/live lofts. The townhomes will have three bedrooms and range in size from 2,100 sf to 2,300 sf. The lofts will range in size from 700 sf to 1,442 sf and the work/live lofts will have 1,200 sf. Prices for the townhomes start from the mid $500,000s, the lofts from the high $200,000s to $400,000s and the work/lift lofts begin in the $400,000s.

Hollywood Station will be constructed in three phases. When complete, the community will have 602 units, including condominiums, townhomes and lofts. The first phase, which is sold out, consisted of a 10-story building with 214 units and 15,000 sf of retail space. Architects on the project are Miami-based Kobi Karp Architecture & Interior Design. The general contractor is Cornerstone Group Construction Inc.

Lamondin says the first phase is expected to be completed in December and Cornerstone is seeking approvals for the third phase. “We expect to have the approvals in place by the fall. We’ll watch the market to determine when to break ground,” he says.

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