# City Commission Meeting 10.7.2026 Part 3


**Body:** City of Hollywood
**Date:** October 08, 2026
**Jurisdiction:** SLED

**Tags:** Construction & Infrastructure, Physical Infrastructure


City Commission meeting of the City of Hollywood, resumed October 7, 2026 (meeting metadata is dated October 8), considered an amended and restated comprehensive agreement and 99-year ground lease with PRH 1301 South Ocean Drive LLC, an affiliate of Related Group, for a public-private development at 1301 South Ocean Drive. The revised terms include a $22 million cap/contribution for public facilities, increased from $20 million; a minimum guaranteed payment to the city of $45 million, up from $35 million; $300,000 in annual pre-possession rent beginning 12 months after the agreement takes effect; and $10 million in initial rent, less the applicable CBRE commission, payable when commencement conditions are met. Other terms include 14% closing rent on condominium sales, estimated base rent of $297,500 annually with CPI adjustments, and a seven-year professional-liability insurance extension. The project includes a replacement community center, public parking, workforce-housing units, and park improvements on a separate approval track. Staff presented a projected $2.3 billion in city revenues over 99 years under one sales-price scenario, while noting that estimates depend on assumptions. The commission approved the amended agreements, subject to final legal review, 5–2.

The commission then approved, 6–1, a quasi-judicial resolution setting the project’s government-use zoning parameters at 375 feet in height, zero-foot setbacks with specified street encroachments, and 96% site coverage, enabling the application to proceed through administrative Live Local Act review. Residents and an advocacy group raised concerns about flooding, public access, the scale and affordability of the development, and the process; staff and the developer described construction, drainage, and public-benefit provisions. Commissioners asked staff to examine questions about existing site elevations and flooding, and the vice mayor requested information for a future discussion of the city’s community centers. No separate purchasing or vendor-award action was identified.

**Source:** City of Hollywood