Calta Group Purchases Hollywood Development Site for $9.5 Million

A new apartment development could be in the works in downtown Hollywood. The Calta Group recently purchased the site located at 2215-2239 Hollywood Blvd for $9.5 million.

The 1.6-acre site was sold by Hollywood Construction & Development LLC which is managed by Joseph Horn of Miami. The same company purchased the site just late year in May 2021 for $7.7 million.

Several retail and office buildings currently occupy the site and would need to be demolished once the project is approved. The Calta Group, which is led by Ignazio, Gaetano Caltagirone, and Igor Blatnik plans to develop an 8-story apartment tower. The tower itself would feature 180 units and 1,800 square feet of ground-floor retail space.

The original design was proposed in 2019 by Borges Architects + Associates who would remain the lead for the project.

Amenities:

• Pool deck
• Business center
• Gym

The groundbreaking will be scheduled for the 4th quarter of 2022 but the Calta Group still needs to select a general contractor for the project.

The Calta Group continues to make headway in Hollywood with their total construction projects reaching $1.5 billion.