CGI Properties withdraws plans to convert Villa Carlotta into hotel

But will it return to rent control now that tenants have been evicted?

TRD LOS ANGELES /
Jul.July 28, 2016 08:30 AM

Developer CGI Properties has decided to end its fight to convert the Villa Carlotta in Hollywood into a boutique hotel — after its former rent-controlled tenants have already been evicted.

CGI is withdrawing its proposal to redevelop the 1926-built structure, which used to house rent-controlled apartments, after receiving negative feedback from the community, according to a statement released Wednesday by Councilman David Ryu, who consulted with the developer.

Last week, the Hollywood United Neighborhood Council voted against CGI’s plans, stressing the importance of maintaining affordable units in a city facing a housing crisis. Its decision was only a recommendation to City Council, which would have had the final say, if CGI had not reversed course.

“As stewards of this beloved local treasure, we appreciate the importance of Villa Carlotta to its neighbors and the Hollywood community,” CGI founder and CEO Gidi Cohen said in the announcement. “We intend to honor and celebrate that legacy by meticulously working to return the building to its original grandeur.”

The firm will continue renovating the rental building at 5959 Franklin Avenue.

It’s unclear, however, whether the apartments will return to any kind of rent regulation. The Ellis Act allows the evictions of rent-controlled tenants if the property is going off the rental market. The Villa Carlotta went off the market — but may very well return.

“CGI will continue conversations with the city and community to identify the next chapter in Villa Carlotta’s storied history,” the statement said.

The Spanish Colonial Revival-style once housed Old Hollywood icons such as actress and comedian Marion Davies, “My Fair Lady” director George Cukor and “Gone With the Wind” producer David Selznick. — Cathaleen Chen


Related Articles

arrow_forward_ios
The former Omega Cinema Props warehouse on Santa Monica Boulevard and the Hollywood Forever Cemetery (Credit: Google Maps, Hollywood Forever)

Warehouse complex will get new life next to Hollywood Forever Cemetery

Holland Partner Group CEO Clyde Holland and a rendering of the Hollywood project

Holland Partner Group’s Hollywood apartment project faces labor union challenge

1723 N Wilcox Avenue (Credit: Google Maps)

Hollywood hotel construction craze: Developer abandons apartment project for hotel instead

A rendering of the proposed hotel project on Whitley Street (Credit: Daryoush Safai)

Reservations: Hollywood hotel project faces appeal from rent control tenants

AIDS Healthcare Foundation CEO Michael Weinstein and the Amoeba Music store (Credit: Getty Images and Wikipedia)

Amoeba Music owner says landmarking effort by nonprofits is ploy to prevent resi development

5525 W. Sunset Boulevard (Credit: Google Maps and iStock)

Going bigger: Reliable Properties adds 100 units to Hollywood resi project plan

Hollywood & Highland, Gaw Capital Chairman Goodwin Gaw and DJM founder John Miller

CIM Group sells Hollywood & Highland mega-complex for $325M: sources

Hillview Hollywood, Jesse Lasky , Samuel Goldwyn , Adolfo Suaya (Credit: Wikipedia and Getty Images)

Historic Hollywood building in Opportunity Zone becomes latest repositioning target

arrow_forward_ios