The Calta Group Secures $53.7 Million for Caltopia Hollywood, Redefining Downtown Living
Hollywood, Florida, is on the cusp of a major urban renaissance, and The Calta Group is at the forefront of this transformation. The Miami-based real estate development firm, led by brothers Ignazio and Gaetano Caltagirone, has successfully secured $53.693 million in construction financing for two major rental apartment projects—Caltopia Hollywood and Caltopia Hollywood II. This funding, provided by Forman Capital, will fuel the rise of 251 Class-A residential units, reshaping the city’s downtown core.
Elevating Hollywood’s Residential Landscape
The Caltopia Hollywood developments will introduce a modern, amenity-rich living experience to an area primed for growth. Designed by Kaller Architecture, both projects will feature four-story buildings, contemporary aesthetics, and premium amenities, including:
A lounge and pool, fostering a resort-like atmosphere.
Pet grooming facilities, catering to the modern pet-friendly lifestyle.
A state-of-the-art gym, offering residents premium fitness options.
Strategically located near Young Circle, the developments will provide easy access to Hollywood’s burgeoning restaurant, retail, and cultural scene.
Project Details & Construction Timeline
Caltopia Hollywood (2750 Van Buren Street) will span 153,080 square feet on a 1.95-acre site, delivering 151 residential units across 111,777 rentable square feet.
Caltopia Hollywood II (2217-2239 Jackson Street) will cover 86,135 square feet on 1.29 acres, offering 100 residential units with 72,720 rentable square feet.
Construction Start Dates:
Caltopia Hollywood II: May 2025
Caltopia Hollywood: August 2025
A Vision for Hollywood’s Future
“We are committed to continuing our investments in Hollywood as we believe the city is on the precipice of a much-needed boom. Its strategic location between Fort Lauderdale and Aventura makes it second to none! With these new projects we want to redefine what living spaces mean and give the residents an unparalleled quality of life."
Gaetano Caltagirone, Co-Founder of The Calta Group
Backing Urban Innovation
Forman Capital, known for its fast and flexible financing solutions, recognized the Calta Group’s visionary approach in shaping Hollywood’s urban core.
“We are proud to support The Calta Group in their vision to redefine downtown Hollywood’s urban landscape. Their dedication to enhancing communities aligns perfectly with our mission to finance impactful and innovative projects.”
Scott Mehlman, Partner and Chief Investment Officer at Forman Capital.
Beyond Caltopia: The Calta Group’s Expanding Portfolio
This financing follows The Calta Group’s recent $30 million construction loan from Banesco USA for Via Veneto, an exclusive collection of ultra-luxury townhomes in Coral Gables. Additionally, The Calta Group is developing Revv Hollywood, a 180-unit multifamily apartment project at 2233 Hollywood Blvd., which is expected to be completed by summer 2025.
With Caltopia Hollywood, The Calta Group cements its reputation as a leader in South Florida’s luxury and multifamily development space, shaping the next era of sophisticated urban living.