Sales Update: Related Group Continues to Power Hollywood, Reporting Strong Sales at Hyde Beach House
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.