FundRebel Acquires Florida Property for $67M

Located near the beach, the Hollywood project is expected to be complete by the end of the year.

Image by Carly Kewley via Unsplash

FundRebel has agreed to acquire Nine Hollywood, a mixed-use property in Hollywood, Fla., for $67 million. The project, which was acquired from Romagnole Investment Properties, according to Yardi Matrix data, is under construction and will be located on a 36,000-square-foot parcel of land near the beach.

The community will offer 204 rental units, three levels of integrated parking and more than 7,000 square feet of ground-floor retail space. Scheduled to be complete in the last quarter of 2023, construction on the 15-story Nine Hollywood property has entered its final phases.

Located at 1809 Jackson Street in Hollywood’s Parkside area, Nine Hollywood will features 93 studio units, 92 one-bedroom, one-bath residences and 16 two-bedroom-two-bath apartments. A swimming pool is among the common-area amenities. All residences are airconditioned.

Easy access

Residents of Nine Hollywood will be near the Hollywood Tri-County Commuter and Sheridan Street Tri-County Commuter transit stations, both of which within a five-minute drive. The property is close to three elementary schools, three middle schools and three high schools. Four colleges and universities are located within a 13-minute drive. The West Lake Park-Anne Kolb Nature Center, John U. Lloyd Beach State Park and Greynolds Park are all less than five miles and 10-minute drives away.

Last month, Cymbal DLT secured $95 million to refinance its Oasis Pointe Residences in Dania Beach, Fla.

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