Developer MP Los Angeles has announced plans to construct Hollywood Center, a $1-billion mixed-use complex near the Capitol Records Building in Hollywood.
According to MP Los Angeles, the project - which was filed today with the City of Los Angeles - will feature the largest on-site affordable housing component of any market-rate development in the history of the city.
— urbanize.la
Handel Architects and James Corner Field Operations will be in charge of designing the two 35 and 46-story high-rise towers, two 11-story mid-rise buildings, and two civic plazas on either side of Vine Street.
Of the 1005 residential units, 133 will be dedicated for very-low and extremely-low income seniors, the project website points out.
Readers familiar with previously proposed developments near the Capitol Records Building may remember the Millennium Hollywood project and the issues of earthquake safety it ran into. Hollywood Center's website is quick to emphasize that geologists had conducted "multiple cone penetrometer tests and soil borings, as well as excavated a 30-foot deep and 134-foot long trench" and found that there was in fact no active fault line beneath the project site.
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