This is an informational site intended to keep the public informed. It’s up to each and every neighborhood organization, member of the public, and neighborhood council, etc to make their voices heard. If you are convinced that this project is not right for Hollywood, let your councilmember know and check here to see breaking news.
The $1 Billion Hollywood Center Project (AKA Millennium Towers) proposed to be developed on 4.46 acres surrounding the Capital Records building will have the following impacts on the surrounding communities:
Create a development larger than the 950,000 sf Staples Center or the 850,000 sf LA Convention Center within 500 feet of Hollywood residential communities; 1,272,741 square feet
- Project would include1,005 residential dwelling units (872 market-rate units and 133 senior affordable housing units) totaling approximately 1,256,974 square feet of residential floor area, approximately 30,176 square feet of commercial floor area (retail and restaurant uses),
- Erect 2-Towers – 35-feet tall west building and 46-feet tall east building and two 11-story buildings for seniors.
- The previous plan would generate 19,000 additional trips to and from the development on a daily basis; Due to the increase in height and the plan to (according to the developer) “cut 121 mostly market-rate units from the plan and build a 220-room hotel.”
- The subterranean and above ground parking structure will hold only 1,521 vehicle parking spaces, and 551 bicycle parking spaces. The project is underparked without any provision for tourist, residential guest or employee parking.
Traffic congestion at the intersections of Cahuenga/Franklin and Argyle/Franklin cannot be mitigated effectively to handle proposed Project traffic and much more.