Miami developer Unilog has tapped Re/Max Advance Realty to lead sales for the Hollywood condo project it launched last year.
Re/Max, led by CEO Melanie De Armas, is marketing the six-story, 48-unit project slated for 901 South Ocean Drive, according to a news release. Unilog launched sales for the project in May of last year, according to published reports. The firm is led in part by COO Patrick Giannini. Business records link Azerbaijani oil executive Ikhtiyar Akhundov to control of the firm as well.
The planned condominium is set to include one-, two-, and three-bedroom units with prices starting at $1.2 million, according to the project’s website and release. The building will have 20,000 square feet of amenities, including a pool, spa facilities, a fitness center and a residents lounge, the release shows. Construction is expected to finish in 2027, according to published reports.
The project is marketing to EB-5 buyers, its website shows.
The developer bought the 1.2-acre site for $15 million in 2022, property records show.
Coastal Broward County has emerged as a hub of luxury condo development in recent years. Developers see cities like Hollywood, Fort Lauderdale and Pompano Beach as a more affordable alternative to luxury markets in Miami-Dade and Palm Beach counties. Sites are more affordable and more available, and many developers are branding their projects, helping to boost the profile of long overlooked markets.
There are more than 4,000 residential units planned across Broward County. Among them is Icon Beach Waterfront Residences, the Pérez family’s Related Group and Isaac and Liat Toledano’s BH Group planned 350-unit, 31-story development. The developers landed $360 million in construction financing for the project earlier this month.
Also in Hollywood, Star Developers Group, led by managing director Alejandro Ensinck, is planning the 23-story, 248-unit One Hollywood Residences.
