(To read more on the multifamily market, click here.)
HOLLYWOOD BEACH, FL-Chicago-based MCZ Development Corp. andCentrum Properties have begun work on the multi-phase Sian OceanResidences & Resort. The project is rising on nine acres fromthe ocean to the Intracoastal on South Ocean Drive.
Developers acquired the property, whichincludes a 16-story apartment building at 4001 S. Ocean Dr. facingthe ocean and the Ambassador Hotel at 3135 S. Ocean Dr. facing theIntracoastal, more than a year ago. The first phase of the projectincludes conversion of the apartment buildings, which has beencompleted, and conversion of the hotel into a 309-unit condo hotel,which is under way.
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