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  #21  
Old Posted Jun 1, 2005, 8:23 PM
citywatch citywatch is offline
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Quote:
Originally Posted by LAMetroGuy
As for the Hollywood & Orange building... I kinda like the dramatic affect this building would add to Hollywood.

I think the design is kind of aggressive for that particular site, next to Grauman's. However, my biggest worry is that the combination of the bldg's look, which may make too many ppl go HUH??!!, & the ability of the hood to support X amt of new retailing could result in H&O becoming a future trouble point on the street. IOW, it could become like one of those mini malls or shopping ctrs in the burbs that are always struggling to survive & attract shoppers. Regardless, I wish the owner would hurry up & get rid of one of the deadzone parking lots on the blvd, which has no business still being there yrs & yrs & yrs after the devlpt of Graumans theater.
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  #22  
Old Posted Jun 1, 2005, 10:51 PM
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Let's not forget the horrible Galaxy Theater strip-mall thing (I think that's what it's called), to the left of Chinese Theater. I remember going there when it first opened, wondering if people would ever go there. They never did.
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  #23  
Old Posted Jun 1, 2005, 11:03 PM
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The Galaxy is the ugliest building in LA. it kills the area and should be torn down and rebuilt as something more attractive and with more of a street presence.
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  #24  
Old Posted Jun 2, 2005, 12:34 AM
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Correct me if I'm wrong, but I thought I read CIM recently bought the Galaxy building too. I don't think they're renewing any leases either, last time I passed by the place looked really empty, whereas before there was a gym and some stores.

I could be completely off, though.
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  #25  
Old Posted Jun 2, 2005, 1:08 AM
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The building would be okay with just a face lift that opened it up and made it inviting. It's a prime location. And the Knitting Factory is a great venue!
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  #26  
Old Posted Jun 7, 2005, 4:47 PM
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Anyone know what's going on with the 1960's era office building and adjacent empty lot on the southeast corner of Franklin & Vine? It looks like the whole block has been walled off in preparation for demolition/construction.
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  #27  
Old Posted Jun 7, 2005, 4:49 PM
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Do you mean Franklin and Highland?
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  #28  
Old Posted Jun 7, 2005, 4:50 PM
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NEW YORK, June 6 /PRNewswire/ -- Hooray for Hollywood! W Hotels
Worldwide, the fastest growing luxury hotel brand in the world, announced
today plans for a new W Hotel & Residences in the Hollywood district of Los
Angeles. Starwood Hotels and Resorts Worldwide, Inc. (NYSE: HOT), W's parent
company, entered into an agreement with HEI Hospitality, a hotel investment
and operating company, and Gatehouse Capital, a Dallas-based real estate
investment firm, who will jointly develop the property, which will be operated
by Starwood.
Located at one of the world's most famous intersections at Hollywood and
Vine, the W Hollywood Hotel & Residences will neighbor the world-famous Kodak
theatre, home to the Oscars. The hotel will feature approximately 300 rooms
and 150 W Residences, a signature restaurant, a rooftop bar, branded 9200-
square-foot spa and 25-yard lap pool.
"Hollywood has long been considered the heart of all that entertains us.
It's only fitting that we chose to build a W there," said Ross Klein,
President of W Hotels. "Our brand's heightened sense of style, design and
'Whatever/Whenever' service will mix with Hollywood's authentic buzz to create
the perfect L.A. escape."
The fifth residential project announced by W Hotels, the W Hollywood will
feature 150 luxurious residences, including one, two and three bedroom units
with spectacular views of the "Hollywood Sign". Residents will have all the
benefits of being attached to a W Hotel, including signature amenities enjoyed
by hotel guests and exclusive access to a private rooftop pool and fitness
center. Owners will have access to the hotel's facilities, including 24-hour
room service, daily housekeeping and concierge services.
"A project like this comes along once in a lifetime", says Marty Collins,
President of Gatehouse Capital, "and we look forward to greatly enhancing the
social design and economic fabric of Hollywood which has enthusiastically
endorsed our efforts. We fully expect to produce something entirely different
than anything currently in the market."
"We are excited to partner with Gatehouse and Starwood to undertake what
will be a very exciting mixed-use development," said Gary Mendell, Chairman
and CEO of HEI. "We believe that the combination of the W Hotel, W
Residences, and highly branded retail will make this Hollywood location highly
appealing to hotel guests and homebuyers alike."
The W Hollywood will offer W Hotel's signature Living Room experience, a
place where guests, residents and L.A. insiders will sip and socialize on the
adjoining outdoor terrace and rooftop club. The hotel's other distinctive
elements include substantial luxury retail space, 16,000 square feet of
meeting, banquet and pre-function space and Wired, a full-service business
center open 24 hours. Guest rooms and suites (including spa suites) will
indulge guests with W's signature beds with feather-top mattress, 350 thread-
count Egyptian cotton sheets and goose down comforters.
The W Hollywood, scheduled to open in 2008, will be the second W property
in Los Angeles, the first being the W Los Angeles - Westwood. Since its
opening in April of 2000, the 258 all-suite hotel has become the most sought-
after venue for Hollywood premieres and after parties. It's also home to the
newly-opened Nine Thirty restaurant and a spectacular 4,000-square-foot
sundeck graced with colorful cabanas which has served as the backdrop for
countless movie scenes and celebrity photo shoots.

About W Hotels:
W Hotels is a global lifestyle brand with 20 properties in vibrant cities
around the world. Inspiring and indulging its guests with thoughtful,
refreshing and stylish experiences, signature restaurants, bars and
destination spas, W has become the fastest growing luxury hotel brand in the
world. Each hotel offers a unique mix of innovative design, comfort and
cultural influences from fashion to music to art and everything in between.
Recent openings include W's first property in Asia, W Seoul - Walkerhill,
which opened in August of 2004 and its first property in Canada, W Montreal,
in October of 2004. Residence properties, offering the W lifestyle at home,
have been announced for Dallas, Fort Lauderdale, Scottsdale and Hoboken. In
addition, there are more than a dozen W Hotels in the development pipeline in
city and resort destinations. For more information, visit
http://www.whotels.com.

About Gatehouse Capital:
Gatehouse Capital Corporation, founded in 1995, is a boutique real estate
investment and advisory services firm based in Dallas, Texas. The company is
a disciplined low volume, high margin real estate development firm that
specializes in highly designed upscale hotel and upscale lifestyle centers
with a hotel component. Gatehouse uses "best of class" institutional partners
to design, build and operate its properties. Gatehouse developments include W
San Diego, W Silicon Valley and W Dallas Victory Hotel and Residences, the
first W Residences. Gatehouse is the largest third party developer of W
hotels. For more information, please visit: http://www.gatehousecapital.com.

About HEI Hospitality:
HEI Hospitality, headquartered in Norwalk, Connecticut, is a leading
hospitality investment firm which currently owns and operates 25 first-class
and full-service hotels throughout the United States under such well-known
brand names as Marriott, Sheraton, Westin and Hilton. For more information,
please visit http://www.heihospitality.com


SOURCE W Hotels Worldwide
Web Site: http://www.whotels.com http://www.gatehousecapital.com
http://www.heihospitality.com
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  #29  
Old Posted Jun 7, 2005, 4:54 PM
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  #30  
Old Posted Jun 7, 2005, 5:27 PM
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^Hey has this Hollywood and Vine project broke ground already? The website says early 2005 but I dont remember seeing any construction last week when I drove by that area. Maybe I missed it.
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  #31  
Old Posted Jun 7, 2005, 5:32 PM
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Quote:
Originally Posted by POLA
Do you mean Franklin and Highland?
Oops, my bad. Yes I meant Franklin and Highland.
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  #32  
Old Posted Jun 7, 2005, 5:34 PM
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Located at one of the world's most famous intersections at Hollywood and Vine, the W Hollywood Hotel & Residences will neighbor the world-famous Kodak theatre, home to the Oscars...

Is my geography off, or is this statement completely wrong?
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  #33  
Old Posted Jun 7, 2005, 5:36 PM
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The W and the Kodak are a mile apart. Creative marketing, is my guess.
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  #34  
Old Posted Jun 7, 2005, 5:41 PM
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Oh, that is soooo wrong.

As for franklin and highland. I haven't heard anything. The empty lot there has been fenced off for over a year now, but just recently, they extened the fence to include the building next door.
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  #35  
Old Posted Jun 7, 2005, 6:25 PM
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Quote:
Originally Posted by JRinSoCal
^Hey has this Hollywood and Vine project broke ground already? The website says early 2005 but I dont remember seeing any construction last week when I drove by that area.


I too thought a few months ago that the proj already was under construction, but the press releases I read at the time either were being too optimistic or I misinterpreted them. I think what's really been referred to up until now is that the proj is at the point of being planned, meaning the devlpr is working on paperwork & financing. IOW, the owner prob is still months & months away from even signing on a proj contractor, much less bringing in actual bulldozers & cranes. LAB said he believed the proj won't be under actual construction until next yr.
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  #36  
Old Posted Jun 7, 2005, 7:17 PM
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^Well that answers that. Thanks citywatch. What about that slender tower on Sunset thats been fenced off for a while? Its supposed to be converted to residences right? Any info, renderings, website on that project?
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  #37  
Old Posted Jun 7, 2005, 7:20 PM
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^ You can expect that tower to remain dormant for at least a year.
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  #38  
Old Posted Jun 7, 2005, 10:41 PM
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GlobeSt.com UPDATE: W Hotel Confirms Hollywood Site
By Bob Howard
Last updated: June 7, 2005 01:17pm

HOLLYWOOD-The W Hotel & Residences chain has confirmed that it plans to join the $326-million Hollywood and Vine redevelopment project with a property to be jointly developed with HEI Hospitality and Gatehouse Capital. The property will include approximately 300 rooms and 150 W Residences, a restaurant, a rooftop bar, a 9200-sf spa and a pool.


GlobeSt.com reported last month that HEI had proposed the new W property, but the deal was considered a proposal only. The W chain’s parent company, Starwood Hotels and Resorts Worldwide Inc., has now signed a formal agreement with Norwalk, CT-based HEI and Dallas-based Gatehouse. The hotel will be operated by Starwood and is scheduled to open in 2008.

The Hollywood and Vine retail and housing project is one of the highest profile redevelopments in the city and is being developed under the aegis of the Los Angeles Community Redevelopment Agency. The project area is a 4.6-acre site on the block bounded by Hollywood Boulevard on the north, Argyle Avenue on the east, Selma Avenue on the south and Vine Street on the west. It is near the Hollywood/Vine Metro Rail Station and landmarks like the Kodak Theater, home of the Academy Awards show.

The hotel will be the chain’s second in Los Angeles. Its 150 residences will include units of one, two and three bedrooms with views of the Hollywood Sign. Residents of the units will have access to the hotel, including the private rooftop pool and fitness center, 24-hour room service, daily housekeeping and concierge services.
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  #39  
Old Posted Jun 7, 2005, 11:09 PM
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Quote:
Originally Posted by LosAngelesBeauty
^ You can expect that tower to remain dormant for at least a year.
Is that the one that caught fire last week?

Last edited by Bernd; Jun 7, 2005 at 11:38 PM.
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  #40  
Old Posted Jun 7, 2005, 11:17 PM
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I can't wait for this project to "break ground"~ Thanks for the update LAB
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