Yesterday, the Los Angeles City Council voted to approve a proposal to construct a mixed-use development surrounding the iconic Crossroads of the World complex in Hollywood.
Harridge Development Group‘s 1.4-million-square-foot Crossroads Hollywood development would transform four city blocks at Sunset Boulevard and Highland Avenue with a series of mid-rise and high-rise buildings. The project would include up to 950 residential units – with 105 set aside for very low-income households – with 190,000 square feet of commercial space and a 308-key hotel.
SOM and Rios Clementi Hale Studios are designing the project, which would include a trio of towers, the largest of which would stand 32 stories. Plans also call for a landscaped paseo which would connect Selma Avenue with Sunset Boulevard through the center of the project site.
Construction is anticipated to occur over approximately 48 months, although a timeline for Crossroads Hollywood has not been announced.
The project has undergone a number of revisions since it was first announced in 2015. Initial plans to realign a portion of Las Palmas Avenue were dropped from the project, resulting in a slight reduction in the amount of proposed commercial space. Likewise, a redesign from last year allowed for the preservation of the freshly-landmarked Hollywood Reporter Building along Sunset Boulevard.
Other buildings – including a series of rent-controlled apartment complexes – are not being saved under the approved plan. While Harridge had originally intended to only replace the existing 82 apartments with 84 affordable units, the number was later increased to the current figure of 105.
The Los Angeles Times reports that tenants from the existing buildings have been offered a right of return at the new development, with allowable increases under the city’s rent stabilization law. However, that agreement had yet to be put in writing as of yesterday.
Crossroads Hollywood would rise just south of Mill Creek Residential’s two-building Modera Hollywood apartments, which are now under construction across Selma Avenue.
Source: Urbanize LA