Posted Apr 12, 2018, 9:52 PM
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NYC/NJ/Miami-Dade
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Join Date: Jul 2013
Location: Riverview Estates Fairway (PA)
Posts: 46,495
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LOS ANGELES | Hollywood Center | FT | 46 + 35 FLOORS (1,005 Units)
Controversial $1-billion Hollywood high-rise project relaunched by developer
Quote:
Developer MP Los Angeles has announced plans to construct Hollywood Center, a $1-billion mixed-use complex near the Capitol Records Building in Hollywood.
According to MP Los Angeles, the project - which was filed today with the City of Los Angeles - will feature the largest on-site affordable housing component of any market-rate development in the history of the city. The proposed development, slated for 4.5 acres of parking lots on either side of Vine Street, calls for towers of 46 and 35 stories in height, as well as mid-rise buildings that would each stand 11 stories. A full buildout of the project would create 1005 residential units - including 133 apartments for extremely-low and very-low-income seniors.
Handel Architects is designing Hollywood Center, which will feature more than 30,000 square feet of street-level retail and restaurant space, as well as a pedestrian walkway running east-to-west between Argyle and Ivar Avenues. A project description notes that the proposed design fulfills the vision of the Capitol Records Building's original architect, Louis Naidorf, who envisioned taller buildings surrounding the landmark mid-rise structure.
The design team also includes James Corner Field Operations, which is responsible for approximately one acre of publicly accessible open space across the property. An east plaza, located closest to the Capitol Records Building, will feature three distinct spaces known as the Sinatra Lounge, the Beatles Garden, and Nat King Cole Plaza. A west plaza opposite Vine Street will feature interactive tiles that light up upon contact.
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Quote:
The developer of a stalled $1-billion real estate project near the Capitol Records Building in Hollywood will try again with a new proposal that prioritizes housing over commercial uses.
Millennium Partners said it will file plans with the city Thursday for what it is now calling Hollywood Center, a high-rise complex with double the number of apartments and condominiums above shops, restaurants and courtyards.
The Hollywood Center proposal replaces an earlier proposal dubbed Millennium Hollywood that was halted in 2015 by a Los Angeles County Superior Court judge, who ruled that the environmental impact report failed to fully assess the project's impact on surrounding neighborhoods.
The proposal also came under fire when state geologists in 2014 identified an earthquake fault running under part of the 4.5-acre property that spreads across both sides of Vine Street between Hollywood Boulevard and Yucca Street on what are now mostly parking lots.
City safety officials, however, agreed with the developer that there was no active fault under the site and the new proposal does not change the footprint of the project.
"We feel that the site has been exhaustively studied," said Mario Palumbo, managing partner of project developer MP Los Angeles, the local operations of Millennium Partners, a prominent New York builder of urban luxury housing.
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1) https://urbanize.la/post/1-billion-d...g#notification
2) http://www.latimes.com/business/la-f...412-story.html
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