Posted Feb 23, 2006, 1:43 AM
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Join Date: Feb 2002
Posts: 6,714
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If anyone wants to know the latest about the Hollywood/Vine proj, I read this several days ago:
More recently, according to a December CRA report, the agency has obtained L.A. City Council approval for 26 eminent domain seizures on 17 development projects in the last 10 years. Among these: the Staples Center, the Sakura Village project in Little Tokyo, several projects in Hollywood and the “NoHo Commons” project in North Hollywood.
Even now, the CRA may exercise eminent domain actions if a handful of reluctant property owners near Hollywood Boulevard and Vine Street refuse to sell their property to make way for a $326 million mixed-use project that would include a W hotel, 350 apartments, 145 condominiums and 60,000 square feet of retail space. The development consortium includes Foster City-based Legacy Partners, Norwalk, Conn.-based HEI Hospitality LLC and Dallas-based Gatehouse Capital.
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