The Los Angeles Planning Commission next month will consider approval of The Millennium Hollywood, a mixed-use project split between two vacant parking lot parcels along Vine Street between Yucca Street and Hollywood Boulevard adjacent to the famous Capital Records Building.
The project area near the famed intersection of Hollywood and Vine comprises a total of 4.47 acres of land. Millennium Hollywood will transform the under-utilized parcels into a transit-oriented development central to the resurgence of Vine Street in historic downtown Hollywood as a business and high-rise corridor.
Two new buildings designed by Handel Architects will rise on the site and frame views of the Capitol Records Building and the Gogerty Building, which will be preserved under the oversight of architect Bill Roschen of Roschen Van Cleve Architects, a Los Angeles firm with widely recognized success in the marriage of historic structures with new development.
Millennium Hollywood would develop about 1 million square feet of new uses, including a combination of residential dwelling units, hotel rooms, office and associated uses, restaurant space, a health and fitness club, retail establishments and 2,000 new parking spaces.
The scenario being contemplated includes 492 residential units; 200 luxury hotel rooms; 215,000 square feet of Class A office space that includes the existing Capitol Records Building and the Gogerty Building; 34,000 square feet of restaurant space; 35,100 square feet of sports club use; 15,000 square feet of commercial retail space and about 2,000 parking spaces in eight levels of above-grade parking within the podium structures and up to three levels of below-grade parking will replace the existing surface parking spaces.