Hollywood Center Project Advances with Release of Final Environmental Impact Report
Hollywood Center will be a 4.5-acre, LEED Gold Certified, mixed-use vertical community at Hollywood and Vine. Rising from surface parking lots adjacent to the Capitol Records Building, this project has been designed by Handel Architects to complement the unique architecture of the iconic building and realize the plan of the site’s original architect, Louis Naidorf.
Created by MP Los Angeles to respond to LA’s critical need for housing, Hollywood Center comprises two buildings of 35 stories and 46 stories, two mid-rise buildings of 11 stories each, with a total of 1005 residential units. Of these, 133 will be set aside for very-low and extremely-low income seniors, which will be managed by Menorah Housing Foundation, a Los Angeles-based nonprofit and one of the largest operators of senior affordable housing in Southern California. This affordable housing component marks one of the largest complements of on-site affordable housing within a market-rate development in the history of the City.
In addition to the residences, two dynamic, new civic plazas will add an acre of open green space to the project and create a much-needed, safe outdoor gathering place in the heart of Hollywood, unlike any that exists in the city today. This inviting, pedestrian-friendly setting will be a central hub for the neighborhood, offering a wide array of outdoor amenities including numerous restaurants and cafes, as well as space for concerts, art shows, wellness activities, and more.
Hollywood Center will be a forward thinking, environmentally-conscious, and sustainable building, as well as a safe and resilient space, utilizing state-of-the-art technology and building techniques. Public and pedestrian safety will be paramount. In addition to being located adjacent to the Metro Red Line, the project has been designed with amenities that encourage biking, walking, and mass transit as primary transportation options.
Construction of the project will create approximately 7,452 full-time and part-time jobs throughout the City of Los Angeles economy, of which 4,284 will be construction jobs located on the project site. Annual operation of the project will support another 1,000 full-time and part-time jobs.
Developer MP Los Angeles is committed to creating a project that responds to the needs of the community. Backed by executives responsible for large-scale, transformational projects in major cities throughout the U.S, MP Los Angeles has worked closely with the Hollywood community and elected officials to create a project that addresses Los Angeles’ current and future needs and concerns, from affordable housing and environmental stewardship to neighborhood revitalization and historic preservation.
Revitalized. Dynamic. Extraordinary. A new future is rising here at Hollywood Center.