Hollywood Blvd Retail / Office 2340 Hollywood Blvd Hollywood, FL 33020

Transcription

1 Hollywood Blvd Retail / Office 2340 Hollywood Blvd Hollywood, FL Great corner property in Downtown Hollywood Fl Perfect for an owner user or an investor Building has a private parking lot in the rear A++ location Sponsored By: JOHN DEMARCO, ACP JohnDeMarco@Remax.net Each office is independently owned and operated. RE/MAX 5 STAR REALTY 4151 Hollywood Blvd Hollywood, FL (954) Each office independently owned and operated

2 REAL ESTATE INVESTMENT DETAILS 2340 Hollywood Blvd Hollywood, FL Analysis Analysis Date May 2017 Property Property Property Address Year Built 1954 Hollywood Blvd Retail / Office 2340 Hollywood Blvd Hollywood, FL Purchase Information Property Type Commercial Purchase Price $750,000 Tenants 1 Total Rentable Sq. Ft. 2,236 Financial Information Down Payment $225,000 Closing Costs $5,200 Loans Type Debt Term Amortization Rate Payment LO Costs Fixed $525, years 20 years 4.0% $3,181 $5,250 Income & Expenses Gross Operating Income $0 Monthly GOI $0 Total Annual Expenses ($12,283) Monthly Expenses ($1,024) Contact Information John DeMarco, ACP JohnDeMarco@Remax.net P. 2 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

3 PROPERTY DESCRIPTION 2340 Hollywood Blvd Hollywood, FL Great retail / office building located in downtown Hollywood Florida. Perfect property for your business and a great investment opportunity. Corner property with 5 parking spaces in the rear and ample street parking. A+ location. See attached offering package with downtown CRA outline of new projects breaking ground in the area. 100 s of units coming online in the next few years. Vacant property, easy to show. For additional information please call listing broker. P. 3 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

4 PROPERTY PHOTOS 2340 Hollywood Blvd Hollywood, FL PP1.jpg 93554PP2.jpg 93554PP3.jpg P. 4 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

5 PRO FORMA SUMMARY 2340 Hollywood Blvd Hollywood, FL INCOME Actual Per SF Market Per SF Gross Potential Rent $0 $0.00 $43,200 $19.32 Less: Vacancy $0 $0.00 $0 $0.00 Effective Gross Income $0 $0.00 $43,200 $19.32 OPERATING EXPENSES Actual Per SF Market Per SF Building Insurance $2,100 $0.94 $0 $0.00 Maintenance $1,200 $0.54 $0 $0.00 Taxes Real Estate $8,983 $4.02 $0 $0.00 Total Expenses ($12,283) ($5.49) $0 $0.00 Net Operating Income ($12,283) ($5.49) $43,200 $19.32 P. 5 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

6 PRO FORMA SUMMARY 2340 Hollywood Blvd Hollywood, FL TENANT ANNUAL SCHEDULED INCOME Tenant Actual Market Vacant $0 $43,200 TOTALS $0 $43,200 INVESTMENT SUMMARY Price: $750,000 Year Built: 1954 Tenants: 1 RSF: 2,236 Price/RSF: $ Lot Size: 4,697 sf ANNUALIZED INCOME Actual Market Gross Potential Rent $0 $43,200 Less: Vacancy $0 $0 Effective Gross Income $0 $43,200 Less: Expenses ($12,283) $0 Net Operating Income ($12,283) $43,200 Debt Service ($38,177) ($38,177) Net Cash Flow after Debt Service ($50,459) $5,023 Principal Reduction $17,495 $17,495 Total Return ($32,964) $22,518 Floors: 1 APN: Cap Rate: 1.64% Market Cap Rate: 5.76% FINANCING SUMMARY Loan Amount: $525,000 Down Payment: $225,000 Loan Type: Fixed Interest Rate: 4% ANNUALIZED EXPENSES Actual Market Building Insurance $2,100 $0 Maintenance $1,200 $0 Taxes Real Estate $8,983 $0 Total Expenses $12,283 $0 Expenses Per RSF $5.49 $0.00 Term: 20 years Monthly Payment: $3,181 DCR:.32 P. 6 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

7 2340 Hollywood Blvd Hollywood, FL Lease Comps Summary Lease Comps Report Deals 38 Asking Rent Per SF $21.61 Starting Rent Per SF $19.28 Avg. Months On Market 13 LEASE COMPARABLES SUMMARY STATISTICS Rent Deals Low Average Median High Asking Rent Per SF Starting Rent Per SF Effective Rent Per SF Asking Rent Discount TI Allowance Months Free Rent $12.80 $12.80 $ % $21.61 $19.28 $ % $23.00 $20.69 $ % $32.80 $22.00 $ % Lease Attributes Deals Low Average Median High Months on Market Deal Size Lease Deal in Years Floor Number , GRND 13 2, , , P. 7 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection Copyrighted by and/or with report the licensed appropriate to Re/Max professionals. 5 Star Realty /1/2017 Page 1

8 2340 Hollywood Blvd Hollywood, FL Lease Comps Summary Lease Comps Report Lease Rents Property Name Address Rating SF Leased Floor Sign Date Type Rent Rent Type Harrison St 1,000 1st 4/25/2017 New $24.00/mg Asking 2 Home Tower 1720 Harrison St 1,343 1st 3/31/2017 New $22.34/mg Asking 3 Harrison Executive Centre 1930 Harrison St 1,483 2nd 3/29/2017 New $28.75/fs Asking Hollywood Blvd 1,200 1st 3/13/2017 New $20.00/mg Asking 5 BB&T Bank Building 2434 Hollywood Blvd 5,000 2nd 2/22/2017 New $16.00/mg Asking 6 Presidential Circle 4000 Hollywood Blvd 1,763 2nd 1/19/2017 New $24.00/nnn Asking Hollywood Blvd 1,500 1st 12/28/2016 New $17.50/nnn Asking Hollywood Blvd 2,058 GRND 12/27/2016 New $24.00/mg Asking 3 Harrison Executive Centre 1930 Harrison St 1,208 2nd 12/16/2016 New $28.25/fs Asking Harrison St 2,000 2nd 12/8/2016 New $24.00/mg Asking Tyler St 3,500 1st 12/3/2016 New $17.17/nnn Asking Hollywood Blvd 2,650 1st 11/14/2016 New $20.72/nnn Effective 6 Presidential Circle 4000 Hollywood Blvd 1,116 1st 11/11/2016 New $24.00/nnn Asking Hollywood Blvd 3,000 1st 11/4/2016 New $32.80/fs Asking 12 Hollywood 2450 Hollywood Blvd 2,819 7th 10/26/2016 New $24.00/fs Asking 12 Hollywood 2450 Hollywood Blvd 2,000 7th 10/24/2016 New $25.00/nnn Asking Tyler St 1,200 1st 10/24/2016 New $22.00/mg Effective 3 Harrison Executive Centre 1930 Harrison St 1,536 3rd 10/14/2016 New $29.75/fs Asking 14 Radius N Young Cir 1,598 1st 10/14/2016 New $18.77/mg Asking 12 Hollywood 2450 Hollywood Blvd 1,082 2nd 8/16/2016 New $24.00/mg Asking 15 Wells Fargo Financial Ce 1909 Tyler St 1,155 3rd 7/29/2016 New $23.00/fs Asking P. 8 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection Copyrighted by and/or with report the licensed appropriate to Re/Max professionals. 5 Star Realty /1/2017 Page 2

9 2340 Hollywood Blvd Hollywood, FL Lease Comps Summary Lease Comps Report Lease Rents Property Name Address Rating SF Leased Floor Sign Date Type Rent Rent Type 15 Wells Fargo Financial Ce 1909 Tyler St 1,621 4th 7/29/2016 New $23.00/mg Asking 15 Wells Fargo Financial Ce 1909 Tyler St 3,160 4th 7/29/2016 New $23.00/mg Asking 15 Wells Fargo Financial Ce 1909 Tyler St 1,333 5th 7/29/2016 New $23.00/mg Asking 15 Wells Fargo Financial Ce 1909 Tyler St 1,510 5th 7/29/2016 New $25.00/mg Asking Hollywood Blvd 3,025 1st 7/19/2016 New $15.87/nnn Asking S 21st Ave 1,500 2nd 7/11/2016 New $12.80/nnn Effective Hollywood Blvd 2,058 GRND 7/8/2016 New $22.22/fs Effective Hollywood Blvd 1,800 1st 7/5/2016 New $23.00/+util Asking 15 Wells Fargo Financial Ce 1909 Tyler St 1,975 4th 7/2/2016 New $23.00/mg Asking Hollywood Blvd 1,737 1st 6/22/2016 New $20.00 Asking 20 Wells Fargo Building 3325 Hollywood Blvd 1,153 5th 6/1/2016 New $24.00/mg Asking 21 Presidential Plaza Hollywood Blvd 2,040 1st 5/16/2016 New $25.00/nnn Asking N Dixie Hwy 1,000 1st 5/13/2016 New $19.20/nnn Asking 23 Harrison Art Colony 1955 Harrison St 2,847 2nd 5/2/2016 New $20.00/nnn Asking Hollywood Blvd 2,817 1st 5/2/2016 New $16.18/nnn Asking 15 Wells Fargo Financial Ce 1909 Tyler St 4,500 2nd 5/2/2016 New $17.00/fs Asking 15 Wells Fargo Financial Ce 1909 Tyler St 1,994 4th 5/2/2016 New $23.00/mg Asking P. 9 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection Copyrighted by and/or with report the licensed appropriate to Re/Max professionals. 5 Star Realty /1/2017 Page 3

10 2340 Hollywood Blvd Hollywood, FL Rents Lease Comps Report Asking Rent Per SF $21.61 Starting Rent Per SF $19.28 Effective Rent Per SF $19.74 Avg. Months Free Rent DEALS BY ASKING, STARTING AND EFFECTIVE RENT DEALS BY ASKING RENT DISCOUNT DEALS BY MONTHS FREE RENT P. 10 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection Copyrighted by and/or report with the licensed appropriate to Re/Max professionals. 5 Star Realty /1/2017 Page 4

11 2340 Hollywood Blvd Hollywood, FL Trend Report Dollar Volume # of Transactions Cap Rate Average Price Per SF Legend: Current Survey Sold Transactions Time Interval Quarterly Number of Transactions Total Dollar Volume Total Bldg Square Feet Total Land in Acres Total Land in SF Average Price Average Number of SF Average Price Per Bldg SF Median Price Per SF Average Number of Acres Average Number of SF(Land) Average Price Per Unit Median Price Per Unit Average Number of Units Actual Cap Rate Report Time Frame: 7/1/2016 5/1/2017 Sold Transactions 3 $3,501,000 10, ,412 $1,167,000 3,489 $ $ ,471 P. 11 Copyrighted report licensed to Re/Max 5 Star Realty /1/2017 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Page 1

12 2340 Hollywood Blvd Hollywood, FL Trend Report Number of Transactions Total Dollar Volume Total Bldg Square Feet Total Land in Acres Total Land in SF Average Price Average Number of SF Average Price Per Bldg SF Median Price Per SF Average Number of Acres Average Number of SF(Land) Average Price Per Unit Median Price Per Unit Average Number of Units Actual Cap Rate 3Q16 07/19/30/16 Sold Transaction 1 $1,350,000 4, ,375 $1,350,000 4,100 $ $ ,375 1Q17 01/13/31/17 Sold Transaction 2 $2,151,000 6, ,038 $1,075,500 3,183 $ $ ,019 P. 12 Copyrighted report licensed to Re/Max 5 Star Realty /1/2017 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Page 2

13 2340 Hollywood Blvd Hollywood, FL Hollywood Blvd SOLD Hollywood, FL Broward County Recorded Buyer: Hollywood 1906 Realty LLC Recorded Seller: Hedieh LLC PO Box 803 Katonah, NY Hollywood Blvd Hollywood, FL True Buyer: Carlyle Funding, Inc. True Seller: Amir Naderpour Sale Date: Sale Price: Price/SF: PrFrma Cap Rate: 01/02/2017 Bldg Type: $901,000 Confirmed Year Built/Age: $ GLA: RetailStorefront Built 1947 Age: 70 2,296 SF Land Area: 0.08 AC (3,485 SF) Zoning: CCC1 (HPO Parcel No: Financing: Comp ID: Research Status: Confirmed Hollywood Blvd Wings & Curls SOLD Hollywood, FL Broward County Recorded Buyer: Smorkin 2401, LLC Recorded Seller: Thomas A Thomas 619 Palisade Ave ENGLEWOOD CLIFFS, NJ Lakeview Cir Coral Springs, FL True Buyer: Segbro Companies True Seller: (954) Thomas A Thomas Sale Date: Sale Price: Price/SF: PrFrma Cap Rate: 03/07/2017 (376 days on mkt) Bldg Type: $1,250,000 Confirmed Year Built/Age: $ GLA: RetailRestaurant Built 1971 Age: 46 4,070 SF Land Area: 0.38 AC (16,553 SF) Zoning: C2 Parcel No: Financing: Comp ID: Down payment of $350,000 (28.0%); $900,000 from Private Lender Research Status: Confirmed Hollywood Blvd SOLD Hollywood, FL Broward County Recorded Buyer: D & B Realty Group Inc Recorded Seller: Legal Prof Building Inc 5920 SW 14th St Plantation, FL Miramar Pky Miramar, FL True Buyer: D & B Realty Group Inc True Seller: Legal Computer Consultants, Inc. Sale Date: Sale Price: Price/SF: PrFrma Cap Rate: 09/20/2016 Bldg Type: $1,350,000 Confirmed Year Built/Age: $ RBA: Class C Office Built 2002 Age: 14 4,100 SF Land Area: 0.33 AC (14,375 SF) Zoning: O1 Parcel No: Financing: Comp ID: $945,000 from Stonegate Bk$270,000 from Private Individual Fas Fiancial Inc Research Status: Confirmed P. 13 Copyrighted report licensed to Re/Max 5 Star Realty /1/2017 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Page 3

14 MAPS AND AERIALS 2340 Hollywood Blvd Hollywood, FL Areal Map The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. P. 14

15 MAPS AND AERIALS 2340 Hollywood Blvd Hollywood, FL Location map The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. P. 15

16 DEMOGRAPHICS 2340 Hollywood Blvd Hollywood, FL POPULATION 1 MILE 3 MILE 5 MILE Male 12,734 (50.49 %) 71,239 (48.17 %) 160,204 (47.83 %) Female 12,487 (49.51 %) 76,665 (51.83 %) 174,706 (52.17 %) Total Population 25, , ,910 AGE BREAKDOWN 1 MILE 3 MILE 5 MILE Ages 04 1,261 (5.00 %) 6,536 (4.42 %) 16,165 (4.83 %) Ages 59 1,541 (6.11 %) 8,381 (5.67 %) 20,664 (6.17 %) Ages ,365 (5.41 %) 7,868 (5.32 %) 19,439 (6.17 %) Ages ,243 (4.93 %) 7,436 (5.03 %) 18,518 (5.53 %) Ages ,335 (5.29 %) 7,391 (5.00 %) 18,352 (5.48 %) Ages ,461 (5.79 %) 7,438 (5.03 %) 18,252 (5.45 %) Ages ,633 (6.47 %) 7,770 (5.25 %) 18,758 (5.60 %) Ages ,818 (7.21 %) 8,617 (5.83 %) 20,351 (6.08 %) Ages ,000 (7.93 %) 9,769 (6.60 %) 22,642 (6.76 %) Ages ,109 (8.36 %) 10,823 (7.32 %) 24,421 (7.29 %) Ages ,041 (8.09 %) 10,826 (7.32 %) 24,069 (7.19 %) Ages ,881 (7.46 %) 10,320 (6.98 %) 22,475 (6.71 %) Ages ,588 (6.30 %) 9,361 (6.33 %) 20,081 (6.00 %) Ages ,244 (4.93 %) 8,171 (5.52 %) 17,191 (5.13 %) Ages (3.74 %) 7,047 (4.76 %) 14,490 (4.33 %) Ages (2.56 %) 5,919 (4.00 %) 11,871 (3.54 %) Ages (1.56 %) 4,662 (3.15 %) 9,109 (2.72 %) Ages (2.85 %) 9,569 (6.47 %) 18,062 (5.39 %) P. 16 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

17 DEMOGRAPHICS 2340 Hollywood Blvd Hollywood, FL HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE Median Income $37,897 $46,689 $48,565 Less than $10, ,300 12,142 $10,000 $14, ,472 8,844 $15,000 $19, ,814 8,756 $20,000 $24, ,188 8,452 $25,000 $29,999 1,123 4,588 9,038 $30,000 $34, ,574 8,233 $35,000 $39, ,662 7,623 $40,000 $44, ,616 7,472 $45,000 $49, ,236 6,481 $50,000 $59, ,240 11,677 $60,000 $74,999 1,013 5,858 14,038 $75,000 $99, ,697 15,179 $100,000 $124, ,990 8,843 $125,000 $149, ,036 4,509 $150,000 $199, ,081 4,081 Greater than $200, ,953 5,257 HOUSING 1 MILE 3 MILE 5 MILE Housing Units 14,293 89, ,634 Occupied Units 11,816 68, ,436 Owner Occupied Units 4,370 39,144 87,539 Renter Occupied Units 7,446 29,382 54,897 Vacant Units 2,477 21,397 40,198 RACE DEMOGRAPHICS 1 MILE 3 MILE 5 MILE Population Non Hispanic White 15, , ,809 Population Black 7,535 31,995 80,928 Population Am In/Ak Nat P. 17 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

18 LOCATION MAP 2340 Hollywood Blvd Hollywood, FL P. 18 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

19 FLORIDA S HOLLYWOOD BEACH AND DOWNTOWN BUSINESS AND REDEVELOPMENT OPPORTUNITIES CAPITAL IMPROVEMENT PLAN

20 WHY MOVE YOUR BUSINESS TO HOLLYWOOD? Close to international airport and seaport Centrally located in 3.5 million population No personal income tax Turnpike Port Everglades Diverse labor force and talent pool Waterfront executive housing Abundant workforce housing Colleges and universities close by Arts and culture hub Business friendly government Golf courses, beaches, kayaking, fishing TriRail 1 A1A Fort LauderdaleHollywood International Airport ATLANTIC OCEAN Year round warm weather and sunshine Unmatched quality of life N

21 HOLLYWOOD BYTHENUMBERS 3.2 million annual visitors 5,150 hotel rooms: exceeds national average for hotel occupancies Fort LauderdaleHollywood International Airport 25 million passengers annually One of the fastest growing airports in the U.S. Port Everglades 4 million cruise passengers annually #2 cruise port in the world Strategic Locations in Florida 10 minutes to Fort LauderdaleHollywood International Airport 30 minutes to Miami 15 minutes to Fort Lauderdale Conveniently located between I95 and US1 corridors The City of Hollywood encompasses 27 square miles along the Atlantic Ocean between Miami and Fort Lauderdale. The Fort LauderdaleHollywood International Airport lies along the City s northern limits. Port Everglades, one of the busiest cruise ports in the world, lies primarily within Hollywood s boundaries. Together, these facilities provide international access. In addition, I95, US1, Florida s Turnpike, TriRail, Amtrak and public transportation provide easy and convenient accessibility from Hollywood to the rest of the country. For information about CRA grants and incentives, visit HollywoodCRA.org. 1

22 DOWNTOWN HOLLYWOOD REDEVELOPMENT Existing Development Scheduled Development Landmarks Redevelopment Opportunity Public Parking Garage H3 247 Luxury Condominiums development FEC RAILWAY Hollywood Station Condominium 211 Units Courtyards of Hollywood Station 43 Townhomes 21ST AVE Retail/Office/ Residential Barry University Graduate School of Biomedical Sciences City of Hollywood Transit Oriented Development Proposed Residential Development Lofts at Hollywood Station 93 Condos 20TH AVE FILLMORE ST TAYLOR ST POLK ST TYLER ST Anniversary Park HARRISON ST VAN BUREN ST JACKSON ST 19TH AVE Hollywood HOLLYWOOD Blvd Historic BLVD. District Cinema Paradiso Hollywood Arthouse cinema JED Development 134 Residential units 11,000 sq. ft. commercial space Radius 311 Residential units 40,000 sq. ft. commercial space N YO UN G C IRC LE S Y O U N G Young Circle Commons 229 Residential units 24,916 sq. ft. retail Regent Park 253 Units Redevelopment Opportunity US1 US1 C IR C LE E C IRC LE YO UN G Proposed Mixeduse Development Redevelopment Opportunity Hollywood Circle 397 Residential units 104 room boutique hotel 58,646 sq. ft. retail space incl. 48,000 sq. ft. Publix Proposed Mixeduse Development Art & Culture Center of Hollywood Downtown Hollywood has much to offer with new and planned construction of ClassA office space, cowork shared work space options, mixeduse opportunities, flexible zoning and the charm of a traditional downtown. Wide brick paved sidewalks and convenient northsouth and eastwest corridors make Downtown Hollywood an easy and ideal area to navigate by foot, bicycle, vehicle or public transportation. Home to the Hollywood Art & Culture Center, Cinema Paradiso Hollywood arthouse cinema, the ArtsPark at Young Circle and dozens of international restaurants and cafés, galleries and unique shops, Downtown Hollywood is a distinctive business, cultural and entertainment market and an exciting place to live, work and play. The ArtsPark at Young Circle in Downtown Hollywood is an award winning tenacre circular park, designed with active spaces that stimulate, meditate and entertain. Live music events attract thousands of attendees. 2

23 JED DEVELOPMENT 134 Residential Units YOUNG CIRCLE COMMONS 229 Residential Units HOLLYWOOD CIRCLE 397 Residential Units 3

24 HOLLYWOOD BEACH REDEVELOPMENT SHERIDAN ST. Villas of Positano 62 units Sunset Harbor 10 fourstory townhomes Marriott Hollywood Beach 229 Rooms Margaritaville Resort 349 Rooms 1,056space Parking Garage LEED Silver Resort Positano units Sky Harbor 8unit luxury condos Nevada St. Parking Garage Stardust Mixeduse Parking Pavilion Hollywood Beach, voted one of the top beach destinations in the U.S. by TripAdvisor, is known for its worldfamous Broadwalk, which stretches 2.5 miles along the white sand. Guests from around the world stay in its luxury hotels and charming boutique inns. Hollywood Beach offers numerous retail, residential and commercial development opportunities. HOLLYWOOD BLVD. Luxuria of Hollywood 8unit luxury condos Diplomat Resort & Spa 1,000 Rooms HALLANDALE BEACH BLVD. INTRACOASTAL WATERWAY Costa Hollywood 307 units 30,000+ sq. ft. retail Sage Beach 24 Beachfront condos ATLANTIC OCEAN MARGARITAVILLE HOLLYWOOD BEACH RESORT MELIA COSTA HOLLYWOOD 304 Residential Units 4

25 DOWNTOWN HOLLYWOOD CAPITAL IMPROVEMENT PLAN The following capital improvements reflect the projected growth needs of the CRA District to maintain its stature as a world class destination and to provide comfortable conditions for its residents and businesses, ensuring that development is consistent with the community s plans and vision. Before After Festoon Lighting Festoon Lighting (String) across Hollywood Boulevard Festoon Lighting (Curtain) at 21st and Young Circle (optional) Before After New Clay Pavers Remove existing concrete banding in key areas Install new clay pavers throughout Provide midblock expansion / improvements Provide paver crosswalks Provides most longevity for color/appearance 5

26 DOWNTOWN HOLLYWOOD CAPITAL IMPROVEMENT PLAN Tyler Street Reconfiguration Options Option A: Twoway with median Option B: Twoway with east bound bike lane 6

27 Wayfinding Signage Wayfinding signage to assist in the easy identification of businesses, parks and special events Neighborhood Lighting Improvements to neighborhood lighting for pedestrian and vehicular safety Eight streets located north and south of Hollywood Boulevard Gateway Markers Enhancement of entrances to the Downtown core through integrated design elements 7

28 HOLLYWOOD BEACH CAPITAL IMPROVEMENT PLAN Marine Turtle Lighting Retrofit existing Broadwalk light fixtures to be compliant with marine turtle lighting ordinance Retrofit noncompliant cobra head fixtures on E/W side streets not yet converted to new lighting Nevada Street Garage New 7 level public parking garage Approximately 316 parking spaces 3500 SF retail space 8 Lifeguard Towers Replacement of life guard stations: 14 towers and 6 first aid stations within CRA district Johnson Street Hub Relocating mast arm Gateway features Wayfinding signage Landscape enhancements Lift station beautification Stamped asphalt crosswalk Streetscape Phase III: Oklahoma to New Mexico Streets Phase IV: Harrison Street to Magnolia Terrace Hardscape & streetend plazas with parking Marine turtle friendly street lighting Landscaping and irrigation Overhead conversion Public restroom(s)

29 Hollywood Boulevard Bridge Replacing existing ramps with Ttype intersection Maintain existing bascule support N/S A1A remains in current configuration Removal of NB East loop ramp Dune Fencing From Sherman Street to Azalea Terrace Dune fencing behind Summit Condo Hollywood Beach Hotel Oklahoma, Hayes, and Sherman Streets Replacement of existing wooden fence with new post and rope Leveling sand that extends outside the dunes State Road A1A Hollywood Blvd. to Sheridan Street Undergrounding of overhead utilities Streetscape beautification Safer ADA Sidewalks Enhanced landscaping and trees Sharrow Lane Four and fivelane configuration A1A Linear Park Small dog park Public day docks Public Art Enhanced bus stop Shaded seating and walkway Lift station architectural enhancement and landscape Broadwalk Enhancements Solar LED pavers Phosphorescent paint symbols on Broadwalk Concrete pole replacement 9

30 1948 Harrison Street, Hollywood, Florida HOLLYWOOD COMMUNITY REDEVELOPMENT AGENCY Patricia Asseff Kevin D. Biederman Richard S. Blattner Board Members Peter Bober Traci L. Callari Peter D. Hernandez Linda Sherwood Executive Director Jorge Camejo General Counsel Jeffrey P. Sheffel