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  #941  
Old Posted Apr 21, 2007, 3:05 AM
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From Curbed LA:



CurbedWire: On top of Spaghetti

HOLLYWOOD - The Hollywood Chamber reports that the Gerding Edlen project proposed for the area surrounding the Spaghetti Factory on Sunset is moving forward. Via the Chamber: "The multi-faceted mixed-use project includes a 23-story residential tower with 301 for-sale condominiums, 40,000-sq.ft. of creative office space, 13,500-sq.ft. of ground floor retail space, and a new half-acre public park for the neighborhood. In addition, the existing Spaghetti Factory building would be preserved. A total of 508 parking stalls are proposed. Of particular interest is that about 60 of the units would be targeted at the under served mid-market segment, such as teachers, police officers, firefighers, and entry level professionals. The company has just begun the entitlement process for the project." Also from the Chamber, the Hollywood Garfield project has been approved by the City and will move forward. [Hollywood Chamber]
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Last edited by Quixote; Apr 21, 2007 at 3:26 AM.
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  #942  
Old Posted Apr 21, 2007, 4:10 AM
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Quote:
Originally Posted by Westsidelife View Post
That portion of Sunset Blvd. is in serious need of some pedestrian-friendly developments. This project is a block away from the Columbia and Palladium which are also being upgraded.


From Flickr, by Snap Man
Unfortunately it's such a wide, fast (when not stopped with traffic) street which makes it less pedestrian friendly; La Brea is like that too.
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  #943  
Old Posted Apr 21, 2007, 4:51 AM
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its not that wide a street, but the sidewalks certainly arent either
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  #944  
Old Posted Apr 21, 2007, 5:11 AM
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Originally Posted by dktshb View Post
Unfortunately it's such a wide, fast (when not stopped with traffic) street which makes it less pedestrian friendly; La Brea is like that too.
It's only like that BECAUSE it's not pedestrian friendly. The more pedestrian friendly a place is, the more exciting it is. And the more exciting it is, the busier it gets. Old Town Pasadena would be just another fast lane if it were not bustling with people all the time. People like to go where the people go.
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  #945  
Old Posted Apr 21, 2007, 9:52 AM
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^ manhattan has a lot of wide streets, but that doesn't make manhattan pedestrian unfriendly!
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  #946  
Old Posted Apr 22, 2007, 5:17 PM
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On the west side of Hollywood there is a development coming along nicely at 7959 W. Sunset Blvd. I think the project is named for its aforementioned address and will include street level retail with three or four floors of condos above... looks to me like one more floor is going up so I guess four is the correct answer.

From W. Sunset Blvd:


From N. Hayworth:
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  #947  
Old Posted Apr 22, 2007, 6:40 PM
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I love the fact that the old CBS building is still there on Sunset..it's a classic.
I love all the new projects in LA.

To make Sunset Blvd. more pedestrian friendly don't you need more people living on or very close to it? More projects like 7959 W. Sunset Blvd. It could use more little retail/public spaces that are not orientated to the car -but how do you do that and make money when most people drive? It all goes back to the need for more housing.

Do you think that because Los Angeles has so much underdeveloped space that it could spend the next 50 years building new infill and still not be built-out?

I was wondering if LA has height limits?
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  #948  
Old Posted Apr 23, 2007, 10:22 PM
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^ Height in most areas of LA is controlled by FAR limits (if I'm not mistaken), not specified height limits. I think LA did away with it's height limits some time ago, though there may be some areas where limits are still listed in feet and not FAR.
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  #949  
Old Posted Apr 24, 2007, 3:32 PM
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gotcha thanks
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  #950  
Old Posted Apr 25, 2007, 12:57 AM
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Quote:
Originally Posted by LAMetroGuy View Post
FYI, in the last picture above.. that white building with the columns is the Old Spaghetti Factory on Sunset.
Aha.....So that's what they're going to do with that. Been waiting tables there and knew they sold the property but didn't know what was going to happen to the lot. The close date for OSF is June 21.
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  #951  
Old Posted Apr 26, 2007, 10:59 PM
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OC Buyer Plans to Restore Palladium
By Bob Howard



HOLLYWOOD-Orange County-based Newport Capital Advisors has acquired the 66-year-old Hollywood Palladium and plans to renovate the 60,000-sf, 4,000-seat hall at 6215 Sunset Blvd. to return it to its use as a music concert venue. Newport Capital, based in Newport Beach, bought the property from Palladium Investors in a joint venture with Connecticut-based Commonfund Realty.

David Zak, a principal of Newport Capital, says that live music specialist Live Nation will book performers into the venue once it is restored and adds that the owners have sent a letter to Hollywood stakeholders in which they “vowed to work with them on the addition of future uses to the property.” Besides its live music venue, the property includes adjacent storage facilities and a public parking lot, covering 3.5 acres in all.

Zak cites the history of the Palladium as a “legendary Hollywood nightspot” that has been the site of performances by the world's most celebrated entertainers over the decades. It opened in September 1940 with a concert by the Tommy Dorsey Orchestra featuring Frank Sinatra.

Newport Capital has entered into a long-term lease with Live Nation, the world’s largest live music company, to operate, manage and book the Palladium. The millions of dollars in renovations to the Palladium are expected to be completed next year for a reopening that is tentatively scheduled for September 2008. According to Bruce Eskowitz, Live Nation’s chief executive officer of North America Music, the company will continue the Palladium tradition of booking “many of the biggest names in music” at the storied venue.

After about 20 years as a concert venue, the Palladium became a television studio in 1961 and during that time served as the location for the Emmy Awards, the Grammy Awards, the NAACP Awards and the Country Music Awards. In the 1970s the venue returned to its musical roots, hosting many of the biggest names in rock music.

Terms of Newport Capital's acquisition of the property were not disclosed, but the new owners are believed to have paid in the high $60 million range for the Palladium. The buyers were represented by Paul Ramsey and John Tronson of Ramsey-Shilling Commercial Real Estate Services Inc., with the seller represented by Timothy Bower of CB Richard Ellis.

Newport Capital Advisors, which has entitlement and development projects throughout California, has concentrated recently on mixed-use and adaptive re-use projects in the Los Angeles area. The joint venture between Newport Capital and Commonfund Realty, which is an investment manager, was established to acquire properties in the Hollywood area.
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  #952  
Old Posted Apr 30, 2007, 5:08 PM
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April 27, 2007 – Financing Notes

Full Story:
The Dallas office of Holliday Fenoglio Fowler (HFF) arranged the huge $258 mil construction loan for the much lauded W Hollywood Hotel and Residences luxury mixed-use development at the intersection of Hollywood and Vine in Hollywood. The W Hollywood Hotel and Residences will feature a W Hotel tower, a W Residences condominium tower, 16k sf of street-level retail, a three-level, 600-space underground parking garage and 19,500 sf of advertising signage rights. It is the latest, and perhaps greatest, project in an area that has seen more than $1.5 bil of development in the past four years, including mixed-use projects Hollywood & Highland and Sunset & Vine, as well as renovations to the Egyptian Theatre, Cinerama Dome and the Capital Records building.

The hotel will feature 305 luxury guestrooms on 11 floors, which will include suites and two specially designed guestroom floors to cater to Hollywood's film, television and recording press junket business. Amenities will include a signature restaurant with outdoor terrace, W Living Room (lobby bar), W Cine (outdoor lounge), rooftop nightclub, rooftop pool with an outdoor lounge, business center, meeting rooms and banquet facilities.

The W Hotel will also features a Bliss Spa® and fitness center with 10 treatment rooms, a sauna, steam room, and 10 specially designated guest rooms. Scheduled to open during the third quarter of 2009, the W Hotel will be managed by Starwood Hotels & Resorts Worldwide.

The W Residences will be connected to the hotel on the lower levels but constructed as a separate tower containing 143 studio, and one-, two- and three-bedroom residential units with views of the Hollywood Hills. In addition to having separate entrances and private elevators, the W Residences will cater to buyers looking for upscale modern living with first class amenities.

HFF Senior Managing Director Trey Morsbach arranged the financing for the borrower, a joint venture between HEI Hospitality and Gatehouse Capital Corporation, to secure the four-year construction loan through the New York branch of HSH Nordbank AG. HEI Hospitality is a hotel investment firm that has acquired an interest in 30 hotels through the United States in the last three years. Gatehouse Capital Corporation is a Dallas-based boutique real estate development and advisory services firm that has developed W Hotels in Silicon Valley, San Diego and Dallas as well as Kimpton and Hyatt hotels.
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  #953  
Old Posted May 9, 2007, 7:28 PM
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Okay guys, I'm almost certain this article is talking about the really nasty building across the street from Hollywood & Highland. If so, then FINALLY!!!

------

From Globe Street...

CIM Signs Zara for Vintage Building

May 9, 2007

By Bob Howard

6904 Hollywood Blvd. HOLLYWOOD-The CIM Group has signed fashion retailer Zara for a 17,000-sf store at CIM's redevelopment of the 55,000-sf 6904 Hollywood Blvd. building, across the stret from CIM's Hollywood & Highland project. Zara, a 990-store chain that is one of a group of companies owned by Spain’s Inditex, will become the latest in a series of national and regional boutiques that have opened their doors in Hollywood as part of the revitalization of the area's commercial districts in recent years.
According to Shaul Kuba, principal and co-founder the CIM Group, Zara will occupy half of the first two floors of the three-story 6904 Hollywood Blvd. building, which is the latest in a series of Hollywood-based CIM Group's acquisitions there. Kuba adds that Zara is among a handful of top apparel retailers being courted by retail developers across the country.

Kuba says that the CIM Group plans a full renovation of the 6904 Hollywood Blvd. building, which was built in the 1920s and is adjacent to the restored El Capitan and the historic Masonic temple. The CIM Group will strip the 6904 building to its original façade and will complete what Kuba calls “significant structural upgrades” to convert it into two floors of modern retail space topped by 22,000 sf of class A office space.

Zara is expected to open in summer 2008 near retailer H&M, which CIM signed for a 10,000-sf store at 6914 Hollywood Blvd. that is set to open this fall. Both retailers are directly across the street from CIM Group’s Hollywood & Highland Center, which features 387,000 sf of national and local fashion and luxury retailers, along with clubs, restaurants and the 3,400-seat Kodak Theatre.

Also at Hollywood & Highland, the CIM Group recently signed two other popular fashion retailers, Guess and the new XXI concept from Forever 21. Jeff Kreshek, a principal at CIM Group, says that the new retailers underscore Hollywood's emergence as one of the fastest growing commercial districts in Los Angeles, with major retailers investing in the area, abundant clubs and restaurants, new housing and steady demand for office space.
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  #954  
Old Posted May 10, 2007, 1:19 AM
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Originally Posted by KarLarRec1 View Post
Okay guys, I'm almost certain this article is talking about the really nasty building across the street from Hollywood & Highland. If so, then FINALLY!!!

Based on westsidelife's post at SSC, of the same article but with an image that apparently went with the report, yes it is. And not a second too soon.


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  #955  
Old Posted May 10, 2007, 2:26 AM
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The Hollywood Chamber of Commerce is proposing the “Hollywood Freeway Central Park,” a freeway park deck from Bronson Avenue to Wilton Place above the 101 Freeway in Hollywood, California.

The Hollywood Central Park will provide direct benefits to the public, is precedent-setting example for new land use in the region, will create positive environmental impacts, will promote more active and healthy lifestyles, and will encourage the use of mass transit through transit-oriented development.

The 101 Freeway at the proposed location (Bronson Avenue to Wilton Place) is below street level, with the proposed park deck creating a brief tunnel for vehicular traffic while affording a street-level park for pedestrians. This specified location of the park would also provide a nexus between East Hollywood and Central Hollywood–alleviating the strain on the community from the initial creation of the freeway through this section of Hollywood.

In addition to the many obvious benefits of creating new park space, by placing a “cap” over one of the world’s most congested freeway system, the necessary ventilation system would be required to clean the air before re-circulating it back into the environment - creating a positive improvement in the air quality in Los Angeles.

This park will create an unprecedented 24 acres of new green space in Hollywood, directly adjacent to a high school currently under construction. Currently, the resident to open space ratio is the lowest of all of the City of Los Angeles. In fact, taking the City of Los Angeles as a whole, there is approximately 0.012 acres of open space per resident. Within the community of Hollywood, this figure is only 0.005 acres of open space per resident.

The Trust for Public Land conducted a study in 2003 and found that two-thirds of children in Los Angeles do not live near a park, playground, or other safe place to play. By comparison, New York City’s parks are much more equitably distributed with more than 91 percent of its children living within walking distance of a park. The Trust for Public Land state:

The case for new parks in Los Angeles is perhaps the most compelling of any American metropolitan area. More than 1.5 million children in Los Angeles County do not live within walking distance of a public park, and existing park space is disproportionately concentrated in the region’s wealthy neighborhoods. As a result, studies based on U.S. Census Bureau data show that Latino, African-American, and Asian Pacific Islander youth are dramatically less likely than their White counterparts to enjoy access to open space, playgrounds, and other exercise facilities.

The 80,000+ residents including approximately 21,000 children that live within one-mile square mile in this neighborhood will benefit from the promotion of a more active and healthy lifestyle. With local transit, individual transportation, or simply by walking to the park, the population that will benefit from this park is innumerable. To give a sense of the demographics of the area, the region of Los Angeles, Riverside, and Orange County combined rank 43rd in the nation with a median household income of $45,913. The median income for this one-mile area is $23,481 - nearly half the region’s median income level. In addition, 75.2 percent of this one square-mile population is non-white minorities according to U.S. Census bureau statistics with 53.3 percent of Hispanic ethnicity.

Also, utilizing the air space above the Hollywood Freeway where it is below-grade is not only an exemplary illustration of efficiency and an alternative form of land use, but it is also financially prudent. Preliminary costs to plan and construct the Park are estimated to be less than the cost of purchasing the raw land in the surrounding neighborhood.

To both the east and west of the proposed location, there are Metro Red LineTM subway stations within walking distance and several transit stops nearby, making this a transit-oriented development.

Locally, there is a strong local base of support for this project quoted in every local major media outlet; with all four neighborhood councils endorsing this plan; and with the strong support of elected officials and several government agencies. The Hollywood Central Park Coalition, comprised of these supporters meets bi-monthly to discuss the progress, address questions from the community, and/or develop solutions related to Hollywood Central Park.

http://www.hollywoodfreewaycentralpark.org/
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  #956  
Old Posted May 10, 2007, 9:34 AM
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^ They need to do this for Downtown LA as well. They need to tie together both Chinatown/El Pueblo/Union Station to the rest of Downtown and City West by capping the 101 and 110.

This is fantastic for Hollywood! Hollywood is really becoming the next best thing for an urban area next to Downtown LA!
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  #957  
Old Posted May 11, 2007, 4:49 AM
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There is a mini version of that idea over the 210 fwy as it passes through La Canada just before the 2 fwy. It works although the trees are rather smaller in size.
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  #958  
Old Posted May 11, 2007, 10:48 AM
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^ Here's a visual of that for those who like that kind of thing.





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  #959  
Old Posted May 12, 2007, 12:05 AM
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Update on 6904 Hollywood Blvd.:

I passed by today and I noticed that all 3 (or was it 4?) souvenir/T-shirt stores on the ground floor of the building were CLOSED! This, on a Friday at about 1 or 2pm! The metal screens/covers were closed and everything. This can only mean the renovations are about to begin, if not already underway!
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  #960  
Old Posted May 16, 2007, 10:21 AM
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^ Also, Tesco's Fresh & Easy underneath the Galaxy at Hollywood/Sycamore is actively under construction! It'll probably be done by summer's end is my guess. How exciting for Hollywood!
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