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Raimundo Onetto’s Alta plans 466-unit condo project on Hollywood site previously slated for apartments
Area’s growth, not multifamily supply overhang, prompted switch to for-sale units, developer says
Developer Raimundo Onetto plans a 466-unit wellness-focused condo project near the Hollywood Beach Golf Club, shifting from his previous plan for apartments, The Real Deal has learned.
Onetto’s Miami-based Alta Developers will build Gaia Residences as a pair of 18-story towers with 72,000 square feet of amenities on a roughly 2-acre site at 401 North Federal Highway, according to a company news release. The site consists of 12 adjacent lots between North Federal Highway and North 17th Avenue, south of Fillmore Street.
Fortune International Group, led by Edgardo Defortuna, will launch condo sales next month, an Alta spokesperson said. Gaia will consist of studios and one- to three-bedroom units.
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