.

Leading real estate developers Related Group (Related) and BH Group, today announced the closing of $360 million in construction financing from Tyko Capital for the transformative waterfront development Icon Beach Waterfront Residences (Icon Beach). Set upon Hollywood’s pristine shoreline, the 38-story dual-waterfront tower offers 350 luxury waterfront residences and an unmatched suite of amenities, including an on-site marina and full-service beach club, in one of South Florida’s fastest-evolving residential markets. Construction is expected to begin in May, with completion on track for 2028.

.

“With construction financing now in place, we’re one step closer to achieving our vision of creating a tower that will define the Hollywood skyline for generations to come,” said Nick Pérez, President of Related Group’s Condominium Division. “We’ve curated a marina-to-beach lifestyle unlike anything in the area, an offering that’s clearly resonated with purchasers.”

.

Crafted by an award-winning design team, including Meyer Davis for interiors and Cohen Freedman Encinosa & Associates for architecture, the expansive development offers a collection of one- to three-bedroom residences, ranging from 948 to 2,580 square feet. Landscape architecture by Witkin Hults + Partners grounds the property in its surroundings, introducing a lush, resort-inspired setting that embodies a level of sophisticated design and uncompromising luxury unprecedented in Hollywood.

.

“Icon Beach Waterfront Residences is exactly the kind of opportunity TYKO Capital seeks – a differentiated asset in a market with strong and sustained demand,” said Adi Chugh, Founder and CEO of TYKO Capital. ” “Related Group and BH Group have built a compelling project with real market validation behind it, and this financing reflects our confidence in both the asset and the team delivering it.”

.

Icon Beach arrives at a pivotal moment for Hollywood, which recently celebrated its centennial anniversary – a milestone reflecting its remarkable evolution from a quiet beachfront retreat into one of the most in-demand waterfront destinations in South Florida. Economic anchors like the Diplomat Beach Resort and the Broward County Convention Center drive consistent tourism and business activity, while ongoing investment in infrastructure, public spaces and the Hollywood Beach Broadwalk continue to push property values upward. Sophisticated buyers are increasingly drawn to Hollywood’s rare combination of natural beauty and urban convenience, creating strong demand for exactly the kind of luxury offering Icon Beach delivers.

.

“This financing marks a pivotal milestone for Icon Beach Waterfront Residences and the vision we’ve long held for this special enclave,” said Isaac Toledano, Founder of BH Group. “Buyers are increasingly recognizing Hollywood as one of South Florida’s most desirable addresses, and we look forward to breaking ground and delivering something truly extraordinary to our residents.”

.

Perfectly positioned between Miami and Fort Lauderdale, Icon Beach commands breathtaking views of both the Atlantic Ocean and the Intracoastal Waterway. Each residence is designed around expansive panoramas, with open-concept layouts, floor-to-ceiling windows and sliding glass doors that flood interiors with natural light. These elements frame sweeping water views and extend effortlessly to generous private balconies.

.

Primary suites are designed as tranquil retreats, featuring light‑filled sleeping spaces, meticulously appointed walk-in closets and spa‑inspired bathrooms with elegant soaking tubs and premium fixtures by Kohler and Hansgrohe. State-of-the-art kitchens feature custom Italian cabinetry, generous islands and imported porcelain countertops available in two curated color schemes, paired with top-of-the-line Bosch and Thermador appliances for a chef-forward experience.

.

The sprawling development is distinguished by 40,000 square feet of amenities. Beyond effortless access to the water and the shoreline, residents can enjoy a comprehensive indoor-outdoor health club alongside a serene spa and wellness sanctuary designed for total rejuvenation.

.

At the heart of the property, an elegantly landscaped amenity deck unfolds around a resort‑style pool with sun shelf, private cabanas, hot tub and cold plunge, complemented by an outdoor cinema, tranquil yoga garden, summer kitchens and a waterfront event space. A gourmet café offers an inviting setting for daily coffee rituals, light dining and casual gathering. Throughout the common areas, curated works from the Jorge M. Pérez Contemporary Art Collection introduce a sophisticated cultural narrative that enriches the residential experience.

.

Elevating everyday living further, a dedicated hospitality team provides 24‑hour concierge service, valet, on‑site management and discreet, top‑tier security to support seamless day-to-day living at every turn.

.

For more information about Icon Beach, including availability, floor plans and pricing, please visit IconBeachResidences.com or contact the sales team at (954)-282-7855 or info@IconBeachResidences.com.