Plans for a new high-rise development in Hollywood have reemerged on a much grander scale.
Yesterday, a tipster forwarded a notice from the Los Angeles Department of City Planning which indicates that developer Riley Realty, L.P. has made substantial revisions to their proposed mixed-use complex at 6220 Yucca Street.
The project, which was originally envisioned as a 21-story tower featuring 277 apartments, is now planned as a larger two-building development that will contain both hotel rooms and multi-family residential units.
The first building - a 32-story, 368-foot tower - would rise from the western side of the property at Yucca Street and Argyle Avenue. It would feature ground-level commercial space, parking on floors 2 through 5, hotel rooms and accessory functions on floors 6 through 12, and residential flats and suites on floors 13 through 32. A site plan from architecture firm Togawa Smith Martin indicates that the building would also offer large outdoor spaces, including a pool deck on its sixth floor.
The second building, located on the eastern side of the property at Yucca Street and Vista Del Mar Avenue, would be a six-story structure featuring additional residential units. Plans filed with the city show the building flanked by a ground-level landscaped plaza.
Altogether, the proposed development calls for 191 residential units (22 very low income units and 17 low income units), 260 hotel rooms, nearly 7,000 square feet of commercial space and 456 parking spaces.
Construction of the project could commence as soon as late 2017, with substantial completion anticipated by approximately two years afterwards. Occupancy would be expected sometime during 2021.
The project will require several approvals from the City of Los Angeles, including a height district change, a site plan review and the approval of various density bonus incentives.
Riley Realty, based in West Los Angeles, is closely tied to the Champion Real Estate Company. Champion, which specializes in urban infill, is currently in predevelopment for two additional mixed-use developments further west near the Hollywood & Highland Center.
Their proposed tower at 6220 Yucca Street is one of three high-rise projects that are either planned or underway at the same intersection. Kimpton Hotels recently broke ground on a 16-story tower directly across the street.
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