If hollywood ever looks like this, and of course, one day, it will, I'm REALLY going to lose my mind.
On Friday, the owners of the Capitol Records Tower, Millenium Partners and Argent Ventures, announced plans for a big mixed-use development that would straddle Vine Street in the area around the Tower, just south of Yucca Street. Right now, the 4.47 acre site is mostly parking lot. A press release from the developers says the project could include two new towers that could go as high as 585 feet--or 48 stories, according to the LA Times. That's way higher than the 28 story tower in the Columbia Square development at Sunset and Gower, which has had some Hollywooders clutching their pearls.
it includes "up to approximately 492 residential units, 200 luxury hotel rooms, 250,000 square feet of Class A office space that includes the Capitol Records Tower and [little neighbor] Gogerty Building, 35,000 square feet of restaurant space, 40,000 square feet of sports club use, and 15,000 square feet of retail space."
Honestly, what the fuck. Hollywood is already a disaster, with too many people in too small a space. 10 out of the 147 W condos sold a block away, and there are many more buildings just like it. What developers seem to fail to understand when they build in Hollywood is that the majority of people who want to live down there are young people without money. This will probably not see the light of day in the near future, but it still just bums me out.