Harridge pushes forward with massive Crossroads Hollywood development, releasing EIR

Los Angeles /
May.May 11, 2017 06:11 PM

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.

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


Related Articles

arrow_forward_ios
Initiative to decide whether LA hotels should house the homeless
Voters to decide whether LA hotels should house the homeless
Voters to decide whether LA hotels should house the homeless
Long Beach (Illustration by The Real Deal with Getty)
Downtown Long Beach office vacancy highest in 20 years
Downtown Long Beach office vacancy highest in 20 years
Jamison Properties' Jaime Lee with the Pierce National Life Building (LinkedIn, Google maps)
Koreatown office building poised for residential conversion
Koreatown office building poised for residential conversion
The Home Depot's Ted Decker with 16830 Devonshire St
Home Depot plans to build 136K sf store in Granada Hills
Home Depot plans to build 136K sf store in Granada Hills
SteelWave's Barry DiRaimondo with 1382 Bell Avenue (LinkedIn, JLL)
SteelWave sells Tustin office building for $91M
SteelWave sells Tustin office building for $91M
Restaurant owner Tony Roman and Basilico’s Pasta E Vino, 21501 Brookhurst Street in Huntington Beach (Basilico’s Pasta E Vino/Facebook, Google Maps, Getty)
Anti-mask restaurateur in OC sues landlord
Anti-mask restaurateur in OC sues landlord
Cottonwood’s Mark Green and Silver Creek's Franck Ruimy with 8850 Sunset Blvd (8850 Sunset Blvd , LinkedIn, Stan Hope Capitol, Getty)
Reimagined Viper Room’s developer scores $60M loan
Reimagined Viper Room’s developer scores $60M loan
Lithia Motors' Mark DeBoer and rendering of new Porsche dealership (City of Los Angeles, Getty, LinikedIn)
Going up: Lithia Motors plans five-story Porsche dealership near DTLA
Going up: Lithia Motors plans five-story Porsche dealership near DTLA
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...