The real estate boom in Hallendale Beach continues. A mega mixed-use project, which would introduce several residential and commercial properties in the area, is scheduled for public review this week by the city's design review committee.
The massive Hallendale Beach project is called the "Oasis" and will feature 500 multi-family units, along with a hotel, office and retail space, states the South Florida Business Journal (SFBJ). The proposed project will be located on 1000 and 1100 E. Hallandale Beach Boulevard and just at the north side of Gulfstream Park. Romagnole Investment Properties, managed by Mireya de Iadisernia and Guiseppe Iadisernia in Miami Beach, acquired both properties and reportedly filed the plans for the mixed-use project. As for the design, the Oasis' proposal was created by the architectural firm, Bermello Ajamil & Partners.
The Oasis' project proposal includes two 26 storey residential towers which would house 250 units apiece. Apart from the residential towers, the plan will also introduce three other buildings. Two buildings will be connected to each other, namely a 20 story mixed use tower and a ten story mixed-use tower. The other structure will be a one story commercial building. In total, the Oasis project will reportedly have 200 hotel rooms, 59,631 square feet of office space, 33,829 square feet of commercial space and 1,691 parking spaces.
Romagnole's Oasis project will undergo a public review on September 3 to be conducted by the Hallandale Beach's design review committee, states SFBJ.
Meanwhile, construction development is booming in areas such as Hallendale Beach, Hollywood and Fort Lauderdale, reports the New York Times. The boom is attributed to developers that are reportedly heading north due to the scarcity of prime lots in Miami Beach and surrounding areas. Aside from the potential of beachfront properties in Broward County locales, developers found the land cheaper, at least for now, states the Times.
Joy F. Cooper, the mayor of Hallandale Beach, told the publication that the construction boom is "very, very exciting" for the city. She even recalled how the city's development was "stagnant" when she was elected a decade ago. The Times report further mentioned that the real estate development along the stretch of the coast not only included residential properties, but hotels and commercial retail spaces as well. These projects will reportedly change the "face of this region."