20 North

About 20 North

20 NORTH is a 1.9-acre development position in Downtown Hollywood, comprising three separate land assemblages totaling 82,656 SF. Together, the three assemblages represent the largest assembled development footprint within the Hollywood Community Redevelopment Agency (CRA), whose boundaries run from Washington Street (south) to Johnson Street (north) and from 22nd Avenue (west) to a stepped eastern boundary along 14th–17th Avenue. The position is anchored on N 20th Avenue between Pierce and Buchanan in the Royal Poinciana neighborhood, immediately north of the Downtown Hollywood Historic Business District and within one mile of Young Circle / ArtsPark — the cultural and high-rise core of a centennial city now in the middle of its largest reinvestment cycle in history.

The site is zoned DH-3 (Dixie Highway High Intensity Mixed-Use District), Hollywood’s most intense Dixie Highway corridor district. Under the Florida Live Local Act (SB 102, as amended by SB 1730), a qualifying mixedincome multifamily project is entitled to a Floor Area Ratio of at least 150% of the highest FAR currently allowed anywhere in the City of Hollywood, a maximum building height equal to the tallest building permitted on any parcel within one mile of the site (excluding bonus- or variance-derived heights), and the highest residential density currently allowed in the municipality. These statutory entitlements, applied to the 20 NORTH position, support a maximum envelope and density materially greater than the DH-3 base zoning permits — modeled at approximately 8.0 FAR, ±260 ft / up to ~25 occupiable stories and at ±8.0 FAR / ±661,248 GBA, the efficientunit sensitivity is ˜ 880–1,100 units at 600–750 gross SF/unit based on the existing entitled inventory in the Young Circle one-mile radius. Final entitled FAR, height, and density are subject to administrative confirmation by the City of Hollywood and the developer’s land-use counsel.

20 NORTH is positioned to capture the institutional rental demand thesis: high-density urban multifamily on the largest CRA position, in the highest-conviction submarket on the FLL–MIA corridor, with the Multifamily Middle Market (“Missing Middle”) ad valorem tax exemption under Florida Statute § 196.1978(3) available without a 30-year Land Use Restriction Agreement. The position offers a single, clean, fee-simple control point in a market where developers are otherwise stitching together quarter-acre infill parcels — and unlike a typical entitlement-stage assembly, the existing improvements across the site generate ±$400,000 in net annual income, offsetting carry costs through the entitlement period and giving a purchaser flexibility ahead of vertical development.