ITALIAN DEVELOPER PLANS 180-UNIT APARTMENT PROJECT IN HOLLYWOOD
An Italian developer closed on the site of a planned Hollywood apartment project, adding to a growing pipeline of multifamily developments in South Florida. Coral Gables-based Calta Group, led by founders and brothers Ignazio and Gaetano Caltagirone, and Managing Partner Igor Blatnik, paid $9.5 million for the 1.6-acre property at 2215 Hollywood Boulevard. Calta plans an eight-story, 180-unit development on the site, Gaetano Caltagirone said. The $70 million project, designed by Reinaldo Borges of Borges Architects & Associates, will include a pool, business center, gym, live-work spaces and ground floor retail, according to a press release.