- Ram and Pinnacle announce redevelopment of former mobile-home park in Hollywood, Fla.
- Sheridan Station is a 336-unit luxury rental community with a 6-acre public park
- Demolition to begin immediately; construction to commence thereafter
HOLLYWOOD, Fla.—May 7, 2015—Ram Realty Services, a leading developer and real estate investment manager throughout the Southeast, and Pinnacle Housing Group, a leading multifamily developer who has built over 6,000 units in the past 17 years in Florida, Texas and Mississippi, announce the joint-venture development of Sheridan Station. The luxury apartment community will replace an existing 21-acre mobile home park located just west of I-95 between Sheridan Street and Taft Street in Hollywood, Fla. Demolition of existing structures will begin immediately, followed by start of construction.
Sheridan Station is the first large Class A apartment development in the City of Hollywood in nearly 15 years. This transit-oriented community provides immediate access to the Tri Rail and I-95, and close proximity to Ft. Lauderdale and Miami. When complete, Sheridan Station will comprise one, two and three-bedroom units. It will also include a spacious clubhouse with a large outdoor pool, fitness center, playground and pet areas. The project includes a 6-acre public park that will be built by the developer and dedicated to the City of Hollywood.
“We worked extensively with the neighboring community and the City of Hollywood officials to create a very thoughtful apartment community. Through close coordination with an arborist, hundreds of existing mature trees across the entire site will be preserved—particularly the natural canopy that exists today in the location of the future park,” said Eran Landry, a developer at Ram.
“South Florida residents are embracing mass transit and we are meeting rising demand by building transit-oriented developments and communities,” said Mitch Friedman, partner at Pinnacle Housing Group. “Sheridan Station will offer high-end apartments close to Tri Rail and I-95, making it easy for residents to commute to work.”
The general contractor is Kaufman Lynn.
Founded in 1978, Ram is an affiliated group of companies and partnerships that acquire, develop, manage and finance retail and residential properties in the Southeast. The group also selectively acquires debt secured by retail and residential properties. Ram is currently investing Ram Realty Partners III LP, a value-added fund targeting retail and multifamily properties in select high growth markets in the Southeast. Since 1996, the company has deployed $1.7 billion in real estate transactions. Ram is headquartered in Palm Beach Gardens, Florida and has offices in Fort Lauderdale and Tampa, Florida and Charlotte, North Carolina. For more information, visit www.ramrealestate.com.
Pinnacle Housing Group continues to be recognized as an industry leader and multifamily developer in Florida who has constructed and developed over 6,000 units in the past 17 years in Florida, Texas and Mississippi. The firm’s partners, Louis Wolfson III and Mitchell M. Friedman and David O. Deutch are committed to providing high-quality communities that enhance the lives of their residents. Additional information may be found at: www.pinnaclehousing.com.