In terms of real estate growth in Los Angeles, Hollywood has the #1 spot in terms of development, even over Downtown LA. Many exciting projects and companies have come or are coming, including the uber cool Academy on Vine (AOV). Right behind Arclight Cinemas is this 4 building project that will comprise office space, residential and retail. Being developed by the Kilroy company, that also built another hip project nearby known as Columbia Project – home to Neue House and Viacom to name a few, Kilroy is now creating this hip, new space slated to be ready sometime in 2020.
We’ve driven by the AOV spot a number of times lately and it sparked our curiosity so we wanted to learn and share with all of our audience. It’s on our way to our favorite residential building in the area, The Residence at W Hollywood, and we’ve been watching the construction and wondering what it’s all about.
As we looked further into it, it’ll have 4 mid-rise commercial towers that includes a 20 story residential, 13,000 square feet of retail and 335,000 square feet of office space, and it’s changing the landscape of what we’re typically used to seeing in Hollywood. Netflix is now confirmed to have taken all of its office space and will now have a staggering 1.1 million square feet of space in Hollywood. We’re looking forward to seeing the residential aspect and who’ll make this new retail their home. We’ll be sure to share more as this project moves along 😉
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