Mill Creek Residential moves ahead with 276-unit Hollywood project

The Modera Argyle is one of a number of large mixed-users in the works in Hollywood

TRD LOS ANGELES /
Apr.April 19, 2019 03:00 PM
Mill Creek Residential CEO William MacDonald and a rendering of Modera Argyle

Mill Creek Residential has taken a big step forward with its planned 276-unit mixed-use project in Hollywood.

The city has published its environmental review for the Modera Argyle, wrapping up a year-and-a-half-long process that sets it up for a final vote. The public can still appeal the findings of the city’s Draft Environmental Impact Review report.

Mill Creek’s seven-story project would rise at 1546 North Argyle Avenue, at the corner of Selma Avenue. It’s near Mill Creek’s own Modera Hollywood project under construction along with other larger development projects in the works.

Mill Creek wants to include either 24,000 square feet of ground-floor retail and restaurant space or a 27,000-square-foot grocery store. The Dallas-based company — with a local office in Costa Mesa — plans to set aside 13 units for low-income renters. There would be 412 subterranean parking spaces.

The company expects to complete Modera Argyle in 2023 after 30 months of construction. Half a dozen buildings at the 1-acre development site would be demolished for the project.

Dallas-based Mill Creek owns at least one other Hollywood property — in 2015 the firm purchased a development site on the corner of Highland and McCadden avenues for $39.9 million.

Nearby, Relevant Group is building a hospitality super-complex — the firm has already completed one of four planned hotels near the corner of Selma and Wilcox avenues, in addition to a large restaurant and event space at the former Citizens News building.

Essex Property Trust is also constructing a 200-unit apartment complex nearby at 6240 Sunset Boulevard. CIM Group recently restarted work on a nearby 63-unit project, also on Sunset Boulevard.


Related Articles

arrow_forward_ios
Amoeba Musice is moving to Hollywood Blvd. (Photo Credit: Amoeba Music)

Vinyl still rules! Amoeba Records finds new Hollywood locale

1700 North La Brea Avenue (Credit: Google Maps and Getty Images)

PNK-linked developer eyes another Hollywood hotel project

Architect Simon Park and a rendering of the project (Credit: SSPSTUDIO ARCHITECTURE & URBAN DESIGN)

Boyle Heights slated for another mixed-use project

Monica Rodriguez orchestrated the nixing of a residential project set for the Verdugo Hills Golf Course (Credit: Google Maps, Wikipedia)

The threat of fire doomed this Tujunga resi project. Now the developer will sue

6550 South Normandie Avenue (Credit: Google Maps)

Haroni Investments to turn parking lot into new apartments

Michaekl Rapino of LiveNation, Richard LeFrak, and 7060 Hollywood Boulevard

Live Nation’s Hollywood exit leaves big hole for LeFrak

Council President Herb Wesson and a rendering of District Square

City will draw up “anti-displacement zone” ordinance

David Ryu with a Little Tokyo Galleria rendering

Under the (RE)influence: Councilman’s campaign funds scrutinized

arrow_forward_ios
Loading...