CRA approves multiple downtown property-improvement grants; increases Lincolnwood award to $90,000 contingent on parking improvements

The Hollywood Community Redevelopment Agency on Jan. 15 approved a set of property-improvement grants for downtown properties and a consent budget amendment reallocating city-directed funds for ongoing projects.

The board unanimously approved property improvement grants for: Hollywood 26 LLC at 2024–2026 Hollywood Boulevard (grant up to $75,000); 2028 Harrison Property LLC at 2028 Harrison Street (grant up to $75,000); Lincolnwood Towers Condominium Inc. at 2134 Lincoln Street (grant increased to $90,000 and made contingent on completion of a parking-lot improvement); Oxford Towers Inc. at 1501 S. Ocean Drive (continued to February at the association’s request); and Oasis Condominium Association at 1800 N. Ocean Drive (grant up to $39,025.60). The consent agenda, which included a separate budget amendment, also passed unanimously.

Why it matters: the CRA said these grants are meant to spur private investment in the district, improve storefronts and public-facing building infrastructure, and increase Tax Increment Financing (TIF) revenue. Staff and board members noted several projects are already prompting adjacent property owners to consider matching improvements.

Key project details and board discussion

- 2024 & 2026 Hollywood Boulevard (Hollywood 26 LLC): Project manager Chris Cristitto described façade work including new awnings, paint and stucco, impact windows and doors, storefront glazing, mechanical and limited repaving of a rear parking area. Private investment was presented at $168,000, with the CRA grant at $75,000 (about 45% of this project). The…