The Calta Group secured $60 million in financing to construct an apartment building in Hollywood, Fla., property records show. The seven-story development will feature 180 rental units at 2215 Hollywood Boulevard, half a mile west of 10-acre Young Circle Park, which serves as an anchor point for the city. The financing includes a $50 million construction loan from Miami-based Bridge Invest and $10 million in preferred equity. Concord Summit Capital — whose David Larson, Keegan Burger and Daniel Rojo arranged the financing — declined to say who would be taking the equity. The project, which includes Miami-based Gilu Development as a partner, is expected to be delivered in the first quarter of 2025. Coral Gables-based Calta Group acquired the 1.6-acre site last year, which now houses a one-story retail building, for $9.5 million, according to property records. Hollywood, a town between Miami and Fort Lauderdale, is experiencing a rush of activity as land prices in South Florida’s major cities skyrocketed over the past three years. BTI Partners and Bridge Investment Group secured an $83 million construction loan last year for a rental project near Young Circle Park, on the site of the former Bread Building, part of a $500 million mixed-use development Along the beach, Trinity Investments and Credit Suisse Asset Management paid $835 million for the Diplomat Beach Resort earlier this year, making it the largest hospitality acquisition since the pandemic. Since 2021, Chetrit Group has been buying units at the aging Hollywood Beach Resort condo. The New York-based developer likely plans to demolish the building to construct luxury condos.

1. Miami International Airport, Miami Beach and Coconut Grove.
   Miami International Airport, Miami Beach and Coconut Grove.

2. Miami International Airport, Miami Beach and Coconut Grove.

More than 100 VIP guests joined on Thursday, to celebrate the official unveiling of Via Veneto, a highly-anticipated collection of 10 elegant townhomes located in the heart of Coral Gables. Event-goers were treated to an up-close look at the sleek finishes and refined features that will define daily living at the sophisticated boutique development and were the first to see the debut of the Via Veneto Sales Gallery while enjoying an evening of delectable hors d’oeuvres and cocktails by noted Coral Gables restaurant Tullio. Developed by The Calta Group, a real estate, development, and construction company led by Ignazio and Gaetano Caltagirone, Via Veneto is the essence of opulence. Situated at the crossroads of Sevilla and Palermo at 915 Palermo Avenue, residents will be walking distance to many of the area’s treasured landmarks such as The Biltmore Hotel, Venetian Pool, Desoto Plaza and the world famous Miracle Mile with its dazzling array of boutiques, off-Broadway shows, musical performances art galleries and fine restaurants. Nearby, the City Beautiful’s finest private and public schools, parks, recreational facilities, golf courses and tennis courts await. Adding to this exceptional lifestyle is the proximity to Miami International Airport, Miami Beach and Coconut Grove.

• Miami International Airport, Miami Beach and Coconut Grove