The building boom long courted by downtown Hollywood is finally here, reshaping the skyline in waves as developers line up with plans in hand.
The next wave: Parc Place, a three-tower luxury apartment project geared at the younger set, will rise where the landmark Hollywood Bread Building now stands.
“I wish you could start tomorrow,” Commissioner Traci Callari told the developer before voting for the sleek 433-unit project. “This is what we need in Hollywood to get things rocking and rolling.”
The ambitious project died a decade ago with the real estate bust, but is now back to life and expected to break ground in mid-2019 on the southeast corner of downtown’s busy Young Circle.
It won final commission approval Wednesday.
If city visions hold true, a shuttered Publix shopping center on the east side of the traffic circle will also be transformed into something fabulous that will bring in the crowds — and the property taxes.
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