Related Group and BH Group Land $360M Loan for Hollywood Waterfront Condo Tower

• Related Group and BH Group secured a $360 million construction loan
• Project will deliver a 38-story, 350-unit luxury condo tower in Hollywood
• Development sits on a prime waterfront site near Diplomat Beach Resort

What the $360M loan means for South Florida development

Related Group and BH Group have locked in a $360 million construction loan from Tyko Capital to move forward with Icon Beach Waterfront Residences in Hollywood, Florida. The financing signals strong lender confidence in luxury condo demand across South Florida. Construction is expected to begin next month, with delivery targeted for 2028.

What the project scale means for the market

The 38-story tower will include 350 units ranging from one to three bedrooms. The project sits on an approximately 8-acre waterfront site along the Intracoastal, directly next to the Diplomat Beach Resort. Amenities will include a marina and a full-service beach club, positioning the development in the high-end segment of the market. This type of product continues to attract buyers seeking lifestyle-driven waterfront living.

What the developers’ strategy shows

Related Group and BH Group have become frequent partners on luxury condo projects across South Florida. Their strategy focuses on prime locations, high-end amenities, and large-scale developments.

BH Group founder Isaac Toledano pointed to growing demand in the area, saying, “Buyers are increasingly recognizing Hollywood as one of South Florida’s most desirable addresses.”

The developers assembled the site in 2023 for $51.5 million, creating significant upside as the project moves forward.

What this means for investors and lenders

The deal highlights continued momentum in the luxury condo sector, even as other segments face uncertainty. Tyko Capital, led by Adi Chugh, continues to expand its presence as a major lender in South Florida, backing large-scale developments with strong sponsorship. For investors, this reinforces that waterfront luxury condos remain a top-performing asset class, especially in high-growth coastal markets.

What to watch as construction begins

With a groundbreaking event expected soon, attention will shift to sales velocity and pricing. The project’s success will depend on sustained demand from both domestic and international buyers. If absorption remains strong, this development could further elevate Hollywood’s position as a key luxury destination in South Florida.