|Status:||Office: Renovation complete
Residential/Mixed-use: Project Design
|Intended Use:||70,000 Office Building
Planned for 203 Apartments + 14,000 SF of retail
|Development Manager:||LaTerra Development, LLC|
LaTerra Development in joint venture with Gemdale Properties & Investment (a subsidiary of Gemdale Corporation, one of China’s largest blue chip real estate developers) plans to develop a $125 million mixed-use project in Hollywood.
The project will contain 200 + apartment units with ground floor retail, a new parking garage, and a fully renovated 70,000 square foot office building. The office building has been fully leased to Zest Finance who took occupancy in late 2016.
The project is located one block from Sunset Boulevard and is in close proximity to numerous public transit options including the Hollywood and Western station of Metro’s Red Line that runs along Hollywood Boulevard and connects to downtown Los Angeles and to other Metro lines throughout the county. The project is within walking distance to numerous area employers, restaurants, shops, hotels, and a bustling nightlife. The site is also within two blocks of the 325,000-square-foot newly constructed Icon tower where Netflix recently signed a lease for 100% of the building.
The apartment building will contain topflight design, amenities and sustainable building practices and the site design will provide a campus style environment with the street level retail and existing office building.