Overview
IRR: 24% | Equity Multiple: 2.41X | Untrended YOC: 6.68%
Colliers is pleased to present an exceptional investment opportunity to partner with JQ Real Estate, LLC (“Sponsor”) for the development of The Phoenix (“The Project”), a premier 17-story luxury multifamily tower located at 1830-1844 Jackson Street, Hollywood, FL 33020. Strategically positioned on 0.85 acres in Hollywood’s downtown core with Regional Activity Center (RAC) zoning, The Phoenix offers a coveted urban location between Fort Lauderdale-Hollywood International Airport and Miami’s employment centers, combining immediate access to Hollywood Beach and South Florida’s premier destinations with the vibrancy of a rapidly transforming urban corridor.
Investment Highlights
Colliers is actively seeking a strategic partner to participate in the capitalization of this landmark development, with predevelopment activities already underway and site control secured at $7.76 million. Construction is slated to commence at the end of 2026, with project completion and initial occupancy targeted for September 2028, with the Sponsor offering an exclusive opportunity for an LP equity investment of $33.1MM to bring this visionary project to life. A higher-leverage structure reducing the LP requirement to $14.3MM is also available and detailed in the Development Budget.
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