Los Angeles City Council Unanimously Approves $1 Billion Hollywood Crossroads Construction
Los Angeles, United States – 5 February 2019
The Los Angeles Planning Commission voted on January 23rd 2019 to endorse the $1 billion Crossroads Hollywood mixed-use project. Harridge Development Group will allow current residents of the existing apartment complex on the site to rent units in the new development at the same rate they are paying now, amid concerns about affordable housing in the area. In addition, as part of the same set of conditions, three buildings will be rehabilitated as historic properties — the Bullinger building, Crossroads of the World and the former Hollywood Reporter building.
Other conditions of the council’s approval include the completion of public rights-of-way, submission of parking and driveway plans, provision of privately-maintained fire lanes and fire hydrants, street lighting improvements, parking that is able to accommodate electric vehicles, security and sound-control measures during construction and new building features compatible with LEED Silver certification.
The project will see the redevelopment of the historic Crossroads of the World pedestrian shopping village and two other buildings, and the addition of 1.4 million square feet (130,064 square meters) of mixed-use space. Crossroads Hollywood will include more than 300 hotel rooms, 950 apartments, 190,000 square feet of commercial space and almost 2,300 underground parking spaces, all spread across nine buildings. Activists on both sides of the project weighed in at the planning meeting, with those opposed citing increased traffic, noise and elimination of rent-controlled apartments as negatives. Those in favor pointed to the creation of much-needed housing in the area. Construction is expected to create 2,500 temporary jobs.
Some of the actions the planning commission backed were the consideration and certification of a draft environmental review, density bonus incentives, a permit for the on-site sales and consumption of alcoholic beverages, and a site-plan review.
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