Related Group Breaks Ground on 38-Story Waterfront Tower in Hollywood

• Related Group and BH Group have officially broken ground on Icon Beach Waterfront Residences, a 38-story luxury condominium tower in Hollywood, Florida.
• The project will deliver 350 waterfront residences at 3824 S. Ocean Drive and is expected to be completed in 2028.
• Developers recently secured a $360 million construction loan from Tyko Capital to advance the development.

What Is Being Built at Icon Beach Waterfront Residences

Construction is underway on Icon Beach Waterfront Residences, a new luxury condominium development located at 3824 S. Ocean Drive in Hollywood, Florida. The 38-story tower will rise between the Atlantic Ocean and the Intracoastal Waterway, creating a true waterfront living experience. Developed by Related Group and BH Group, the project will feature 350 condominium residences ranging from one- to three-bedroom floor plans. Units will span approximately 948 to 2,580 square feet, targeting buyers seeking luxury coastal living in one of South Florida's fastest-growing residential markets. The developers officially celebrated the groundbreaking on June 18 after securing a $360 million construction loan from Tyko Capital.

What the Development Includes for Residents

Designed by Cohen Freedman Encinosa & Associates, with interiors by Meyer Davis and landscape architecture by Witkin Hults + Partners, the tower is being positioned as a high-end waterfront destination. Residences will feature open-concept floor plans, floor-to-ceiling glass, oversized sliding doors, and private terraces designed to maximize views of both the Atlantic Ocean and the Intracoastal Waterway. Interior finishes are expected to include custom Italian cabinetry, imported porcelain countertops, large kitchen islands, and premium Bosch and Thermador appliances. Primary suites will feature walk-in closets and spa-inspired bathrooms equipped with Kohler and Hansgrohe fixtures.

What Amenities Are Planned Across the Property

One of the project's biggest selling points is its extensive amenity package. Developers plan to include approximately 40,000 square feet of indoor and outdoor amenities throughout the property. Residents will have access to a resort-style swimming pool with private cabanas, a wellness center, spa facilities, yoga rooms, and a 3,000-square-foot fitness center. Additional features include outdoor gathering spaces, summer kitchens, resident lounges, and an event venue overlooking the Intracoastal Waterway. The development will also include a private 32-slip marina and an exclusive beach club reserved for residents, reinforcing the project's focus on waterfront living.

What This Project Means for Hollywood's Growth

The groundbreaking reflects the continued evolution of Hollywood as a major luxury residential destination within South Florida. Long overshadowed by neighboring coastal markets such as Miami Beach and Fort Lauderdale, the city has attracted increasing attention from developers and buyers in recent years. According to Related Group President Nick Pérez, the project is designed to capitalize on the city's growing momentum while delivering a product that combines luxury design, resort-style amenities, and direct access to both the ocean and Intracoastal Waterway. With construction now underway and financing secured, Icon Beach Waterfront Residences represents one of the largest waterfront condominium developments currently moving forward in Hollywood.