Harridge pushes forward with massive Crossroads Hollywood development, releasing EIR

Rendering of Crossroads Hollywood (Crossroads of the World)
Rendering of Crossroads Hollywood (Crossroads of the World)

Harridge Development Group is pushing forward with its long-stalled Crossroads of the World development in Hollywood.

The development firm released a draft Thursday of the environmental impact report for its mixed-use redevelopment of the Crossroads of the World site in Hollywood.

The project, called Crossroads Hollywood, would be one of the biggest projects in the city’s history.

It would entail nine buildings, including three skyscrapers, on the historic Crossroads of the World site on Sunset Boulevard, the Los Angeles Business Journal reported.

The project would span nearly 8 acres, bounded by Sunset Boulevard, Highland Avenue and Selma Avenue. It would cost between $500 million and $600 million.

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The estimated 1.4 million-square-foot project would comprise more square footage than the $615 million Hollywood & Highland shopping complex completed in 2001.

Plans call for 950 residential units, 308 hotel rooms, an estimated 95,000 square feet of office space and 185,000 square feet of commercial/retail space. Building heights would range from one to 32 floors.

Harridge will likely face a number of opponents. Activists have fought against several Hollywood projects including Palladium Residences, Millennium Hollywood and 8150 Sunset, according to the Business Journal.

Harridge also closed this week on its $36 million purchase of an 18-acre site near the Hollywood Park stadium development in Inglewood, where it plans to build a gated condo community, The Real Deal reported.

A partnership headed by Harridge recently purchased the 26-acre Los Angeles Times printing plant just south of the Arts District from Tribune Media’s real estate arm for $120 million, TRD first reported. The developer is also adapting Koreatown’s Wilshire Galleria into a mixed-use complex with 545 apartments, as well as stores, restaurants and a hotel.  [LABJ]Subrina Hudson