And in other news, the densification of Hollywood gets one small step closer. From
Curbed LA.
Image Source: Curbed LA
No on Hollywood Surburbia? 1601 North Vine Deal Approved
The saga of the 1601 North Vine project, which involved a $1 million payout to Molly's Burger (her burger shack sits on the land), and questionable actions by the Community Redevelopment Agency (moves which gave ammunition to the CRA-bashers), appears to be over following the
City Council's approval of the sale of the CRA-owned property in Hollywood. In anticipation of today's vote, the Wall Street Journal rehashes some of the drama surrounding the deal. And more about what's planned via the Wall Street Journal:
"Under the terms of the transaction, a majority of the space would be reserved for businesses tied to the entertainment industry, something that is needed, given the new housing in the area, according to the developer.
Read the rest of the article
here.