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.

Coral Gables Developer Lands $60M to Build Apartments in Hollywood

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 Calta Group receives construction loans for Hollywood Rentals

The Calta Group received a $60 million home loan for a Hollywood housing project that represents the company’s first multi-family development. According to a company press release, Calta, led by Italian brothers Ignazio and Gaetano Caltagirone, and Miami-based Gilu Development will construct the eight-story Revv Hollywood project at 2233 Hollywood Boulevard. The 180-unit building will offer studios and units, as well as one- and two-bedroom apartments. The financing package consists of a senior loan from Miami-based BridgeInvest and mezzanine loans from an undisclosed lender.

The Calta Group Breaks Ground On Revv, A 180-Unit Multifamily Apartment Building In Hollywood

The Calta Group, a real estate design, development, acquisition, and construction company, has broken ground on Revv, an 8-story, 180-unit multifamily development located at 2233 Hollywood Boulevard in Hollywood, Florida. Revv is the first multifamily property in Broward County for the Coral Gables-based developer, who purchased the property in 2022 for $9.5 million with plans to reinterpret Hollywood apartment living with a fresh new concept.

The Calta Group Appoints Judy and Nathan Zeder of The Jills Zeder Group as Exclusive Sales and Marketing

The Calta Group, a real estate design, develop, acquisition and construction company led by brothers Ignazio and Gaetano Caltagirone, along with Igor Blatnik, announced today that Judy and Nathan Zeder, the high-powered mother/son duo with The Jills Zeder Group – the nation’s number one team as recognized by the Wall Street Journal – will spearhead new development sales and marketing efforts for their robust portfolio of ultra-luxury single family homes and new development projects in South Florida.

The Calta Group Acquires Site At 915 Palermo Avenue In Coral Gables For Residential Redevelopment

The Calta Group, a real estate powerhouse led by brothers Ignazio and Gaetano Caltagirone and Igor Blatnik, recently announced the acquisition of a Coral Gables multifamily development for an impressive $12 million. The 32-unit rental property at 915 Palermo Avenue enjoys a prime location near the iconic Venetian Pool and the historic Biltmore Hotel—two of Coral Gables’ most cherished landmarks. With a strong emphasis on redeveloping the one-acre site, The Calta Group envisions transforming the property into an upscale boutique residential offering that will elevate the Coral Gables neighborhood.

Italian Developers Capture South Florida

South Florida, the tropical paradise we know and love, can be a challenging business environment for residential developers coming from overseas. So, it’s great to report on a company with strong European roots that continues to make its mark in the region. Coral Gables-based developers The Calta Group, are market leaders with over $150 million in its development project pipeline spread across South Florida’s most prestigious markets. The Calta Group’s projects are diversified between ultra luxury single-family residential and Class A multifamily properties. “Post-pandemic South Florida’s appeal has grown immensely, and a new crop of buyers and renters have emerged,” says Gaetano Caltagirone, president and co-Founder of The Calta Group.

Calta buys Coral Gables apartments from Shoma co-founder Maria Lamas

The Calta Group is quickly expanding its multifamily division after acquiring a Coral Gables apartment complex from Shoma Group co-founder Maria Lamas. A Calta affiliate paid $12 million for Venetian Flats, a two-building property with 32 units at 915 and 920 Palermo Avenue, according to records and Vizzda. The buyer obtained a $7.8 million mortgage from Terrabank. The deal breaks down to $375,000 per apartment. The seller, an entity managed by Lamas, bought Venetian Flats for $8.2 million in 2021, records show. Coral Gables attorney Anibel Duarte-Viera represented Lamas when she acquired and sold the property.

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. Construction is expected to begin in the fourth quarter. Property records show Hollywood Construction & Development LLC, led by Joseph Horn, sold the site to Calta. The property is currently home to low-rise commercial buildings. It’s west of Young Circle in downtown Hollywood.