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A multifamily boom in LA is born

Developers are responding to demand, but some projects may be miscast

A rendering of Millennium Hollywood, a 492-unit condominium under construction at 1720 North Vine Street. Inset: AvalonBay Chairman and CEO Timothy Naughton.
A rendering of Millennium Hollywood, a 492-unit condominium under construction at 1720 North Vine Street. Inset: AvalonBay Chairman and CEO Timothy Naughton.

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From the Los Angeles winter issue: Developers have big Hollywood dreams, and their target audience is millennials. Several multifamily projects are slated to hit the Hollywood market over the next few years as young creative professionals clamor for apartments in the thriving new media hub. [more]

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