HOLLYWOOD, FL— Ocean Properties was ranked the top choice of this resort towns City Commission to build a new hotel and spa on city-owned property along Hollywoods beach, despite being the one developer seeking the most financial incentives. · City commissioners voted for Marriotts Ocean Village Resort & Spa over two larger projects proposed for six acres on the beach between Johnson and Michigan streets. Ocean Properties was seeking $12 million in redevelopment money and a waiver of $750,000 in permit fees. Ocean is ranked in the top tier of the HOTEL BUSINESS® multi-unit owner list. The $58 million Ocean Village complex would rise 14 stories and have 427,499 square feet of space, 264 rooms, 18,411 square feet of retail space and 1,234 parking spaces. The decision came after nine hours of consideration in which the commission heard developer presentations, consultant reports and public opinion. The second-ranked proposal, with a total cost of $200 million, was Hollywood Place by the Cordish Company, which built the Seminole Hard Rock Hotel & Casino. Hollywood Place would have 1 million square feet of space, stand 20 stories tall and have 300 motel rooms. The largest proposal, the Atlantica by the Colonial Development Group, came in third place. It would cost $245 million, rise 22 stories and contain 2 million square feet of space and 572 condo-hotel units.
