Related Group continues to power ahead in Hollywood, reporting strong sales at their Hyde Resorts and Residences and Hyde Beach House developments. Hyde Resorts and Residences is fully sold-out and the have closed on 100% of their units. Hyde Beach House, its sister property, has sold 80% of its residences and plans to go vertical this summer. The booming success of the Hollywood market speaks volumes to the demand for luxury residences.
Hyde Resort & Residences Hollywood opened earlier this year (January 2017) and features 407 total units, 40 condos and 367 condo-hotel style units, which are restricted to 150 nights per year to the owner/ resident. Hyde Beach House will rise 42-stories and the condo-hotel which will feature 265-condo-hotel units and 77 condo units. Owners in both buildings take part in a unique hotel pool which manages the hotel rental aspect of their ownership. Pricing ranges from $400K to $1,000,000.
