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HOLLYWOOD | The Academy | 23 fl | Pro

4308 Views 12 Replies 7 Participants Last post by  pesto
A big development is headed for Hollywood:

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First Look at Massive Mixed-Use Complex Heading to Vine St.



Hollywood's lost an Oscars Outdoors screening venue, but it's gaining retail and office space, plus a 23-story residential tower on the dusty block near Sunset and Vine that was once scheduled to be the home of the Academy of Motion Picture Arts & Sciences' movie museum (now moved to the Miracle Mile on the edge of LACMA's campus). Developer Kilroy Realty paid $46 million for the property about six months ago (the pre-Academy landowners were miffed about the sale, since they felt they'd been pressured to sell to the Academy), and announced they'd put nearly $300 million into building this fancy mixed-user with housing and office space. This latest rendering from Shimoda Design Group certainly looks that expensive.

According to a press release, the northwest corner of the lot (at Ivar and De Longpre) will have a 23-story residential building; most of the 20,000 square feet of retail space will be concentrated on the Vine and De Longpre side, where there will also be a public plaza. The office space, created with entertainment, tech, and media companies in mind, will spread out across three "terraced" four-story buildings; all connected by "landscaped passageways" through the complex's central space. Construction is expected to begin in early 2016.

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Thanks! :cheers:
There are two developments actually at the intersection which already call themselves some variation of "Sunset & Vine."

Kilroy Realty's website refers to this project as "The Academy."
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