BTI Partners Tops Off South Florida Tower

The Hollywood Bread building under construction. Image courtesy of BTI Partners

BTI Partners has topped off the Hollywood Bread Building development, a 25-story mixed-use tower in downtown Hollywood, Fla. The building will feature 362 luxury apartments and 16,000 square feet of retail space.

Located at 1740 S. Young Circle on the southeast corner of Hollywood Boulevard and Young Circle, the site is situated in the west end of downtown Hollywood, in front of the ArtsPark at Young Circle. The Art and Culture Center and Hollywood Central Performing Arts center are located nearby. The tower replaces the former 11-story Hollywood Bread Building, which ceased operations in the 1990s.

BTI Partners and partner Bridge Investment Group acquired the property in June 2021 for $11 million. In August 2022, BTI Partners and Bridge secured $83 million in financing from Canadian Imperial Bank of Commerce to begin construction. The original building was demolished, but BTI Partners saved the iconic Hollywood Bread Building sign to be re-used in the new development.

The development aims to revive a long-neglected site while enhancing walkability, street-level vibrancy and integration with the ArtsPark, Noah Breakstone, CEO of Fort Lauderdale, Fla., said in a statement. The mixed-use project will be about 2 miles from Hollywood Beach and the Hollywood Broadwalk, 6 miles from Fort Lauderdale International Airport and 2.8 miles from HEICO’s headquarters, one of the area’s major employers. It is also a short drive to some of Florida’s best golf courses.

Design architect for the project is Modis Architects and Adache Group Architects is the architect of record. Other development team members are Bliss & Nyitray, structural engineer; Witkin Hults + Partners, landscape architect; KEITH, civil engineer; JALRW Engineering Group, MEP engineer, and Civic Construction, general contractor, according to Florida Yimby.

Revitalizing Hollywood

The Bread Building is part of BTI Partners’ ongoing efforts to revitalize downtown Hollywood on Young Circle. In addition to the Bread Building, the developer is moving forward with plans to replace an adjacent strip mall with two mixed-use towers. Dubbed B57 North and South, the towers are expected to be 35 stories each and contain a total of 856 residential units. The mixed-use project is planning about 142,000 square feet of retail space and 40,000 square feet of office space, according to the City of Hollywood.

The two projects will represent a total investment of more than $500 million and bring more than 1,000 residential units to the Young Circle neighborhood. Hollywood has experienced a 10.6 percent increase in population since 2010, so the projects will help address demand for housing as well as add commercial space for residents’ everyday needs.

Elsewhere in Florida, last month a BTI Partners affiliate launched sales for the third and final condominium tower of Marina Point at Westshore Marina District in Tampa. Located in a 52-acre mixed-use community, the waterfront tower will have 105 luxury residences and seven Harbor Homes. Tower One has 118 condos and seven Harbor Homes, while Tower Two, which is expected to break ground later this year, will feature 151 residences.