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Home ArtsPark at Young Circle


ARTSPARK AT YOUNG CIRCLE


DEVELOPERS SECURE $83 MILLION CONSTRUCTION LOAN FOR 25-STORY MIXED-USE PROJECT
IN DOWNTOWN HOLLYWOOD

8:00 am on August 23, 2022 By Oscar Nunez

Fort Lauderdale-based BTI Partners and Salt Lake City-based Bridge Investment
Group have secured an $83 million construction loan from Canadian Imperial Bank
of Commerce for a new 25-story mixed-use development in Downtown Hollywood’s
Central Business District. The development site, acquired by the developers in
2021 for $11 million, was once home to the long-neglected and now demolished
Hollywood Bread Building. Located at 1727-1745 Van Buren Street, 1700-1716
Harrison Street and 1740-1760 South Young Circle, the redevelopment of the site
is an important step in the revitalization of the west end of Downtown Hollywood
anchored by the 10-acre ArtsPark at Young Circle. The new development will yield
362 market-rate apartments and about 16,000 square feet of retail space,
designed by Adache Group Architects and Modis Architects.

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