After much ado about earthquake fault lines, development firm Related California has finally begun construction on its 18-story apartment building in Hollywood.
At 1755 Argyle Avenue, the 114-unit complex will rise next to the Capitol Records Building. Related purchased the half-acre site for $10.5 million last year.
The previous owner had planned a mixed-use commercial structure with 95 condos called “6250 Yucca,” Curbed reported, but it soon became known as the development that had an earthquake fault underneath, as shown by state maps.
After multiple excavations, however, city officials and the previous developer determined there was no fault line after all. Construction on the project, dubbed “1755 Argyle”, is slated to for completion in 2018.
L.A.-based Large Architecture is designing the apartment building. Amenities will include a large fifth-floor terrace with an outdoor TV, catering kitchen and a fenced area designated for unleashed dogs.
Hollywood has been a popular site for development recently. On the corner of Sunset and Cahuenga Boulevards, for instance, developer R.D. Olson is planning a 21-story hotel. And between Vine, De Longpre, Ivar and Homewood Avenues, a 3.5-acre mixed-use campus has been planned by Kilroy Realty Corporation. [Curbed] — Cathaleen Chen