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

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
Downtown Burbank's Transit Oriented Development Specific Plan (Photo via Downtown Burbank TOD/City of Burbank)
Burbank’s downtown specific plan could add thousands of units of housing around its Metrolink station
Burbank’s downtown specific plan could add thousands of units of housing around its Metrolink station
A rendering of the project with East End Capital managing principals Jonathon Yormak and David Peretz. (Relativity Architects, East End Capital)
East End Capital to convert cold storage into movie studio
East End Capital to convert cold storage into movie studio
(Getty, Immersive Van Gogh, iStock)
Former Amoeba Records building, facing demo, will host Immersive Van Gogh exhibit
Former Amoeba Records building, facing demo, will host Immersive Van Gogh exhibit
(Proper Hotel, Google Maps)
Downtown LA’s Proper Hotel to open in July after years of delays
Downtown LA’s Proper Hotel to open in July after years of delays
An aerial view of the development site (Google Maps)
Developer plans 76-unit rental complex in Hollywood
Developer plans 76-unit rental complex in Hollywood
J.H. Snyder partner Lon Snyder with One Museum Square. (J. H. Snyder, One Museum Square)
JH Snyder lands $172M loan on new luxury rental tower
JH Snyder lands $172M loan on new luxury rental tower
Bardas Investment Group founder David Simon and the site of the project. (Google Maps, Bardas, Getty)
Bardas Investment plans production studio at former Sears
Bardas Investment plans production studio at former Sears
Councilman John Lee and 10243 N. Topanga Canyon Boulevard (Facebook/CouncilmemberJohnLee, Google Maps)
Housing project for homeless vets gets pushback
Housing project for homeless vets gets pushback
arrow_forward_ios

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

Loading...