Hollywood hotel construction craze: Developer abandons apartment project for hotel instead
The 81-key property would add to the growing list, including 4 nearby from Relevant Group
Hotel construction is all the rage in Los Angeles and particularly Hollywood, where Relevant Group alone has four boutique projects planned or under development near the same intersection.
Now, a developer who had filed plans for a 68-unit rental building last year has switched course and wants to build his own boutique hotel instead.
Acting through NBK LLC, Nathan Korman has filed to build an 81-key hotel at 1723 Wilcox Avenue, according to a filing with the city Department of City Planning. He is requesting a conditional use permit to allow for a commercial project in a residential zone, the filing shows.
The seven-story structure would include two floors of underground parking, as well as a 1,900-square-foot rooftop restaurant.
Korman first purchased the land for $500,000 in 1994, property records show. He could not be reached for comment.
A filing from Aug. 1 shows the city terminated his original plans after Korman failed to supply the necessary documents for entitlements.
If approved, the project will add to the many hotels popping up in Hollywood, led by Relevant Group, which is building a mini-empire nearby, on the corner of Selma and Wilcox avenues.
And earlier this summer, the developers behind the CitizenM hotel chain added 25 rooms to their proposed project in the area. The Gensler-designed property will now have 240 rooms, up from 216 in the original version.