HOLLYWOOD - The Hollywood Chamber reports that the Gerding Edlen project proposed for the area surrounding the Spaghetti Factory on Sunset is moving forward. Via the Chamber: "The multi-faceted mixed-use project includes a 23-story residential tower with 301 for-sale condominiums, 40,000-sq.ft. of creative office space, 13,500-sq.ft. of ground floor retail space, and a new half-acre public park for the neighborhood. In addition, the existing Spaghetti Factory building would be preserved. A total of 508 parking stalls are proposed. Of particular interest is that about 60 of the units would be targeted at the under served mid-market segment, such as teachers, police officers, firefighers, and entry level professionals. The company has just begun the entitlement process for the project." Also from the Chamber, the Hollywood Garfield project has been approved by the City and will move forward. [Hollywood Chamber]
HOLLYWOOD - A frequent reader reports that work has begun at the former site of the Lava Lounge, and that "English" contractors are doing the work on the bar. Ponders the reader: "Maybe Beckham is setting up a side line?" [CurbedWire Inbox]
MID WILSHIRE - Miss Teresa is a diligent woman. She finally tracks down the info on that Wilshire-La Brea project we heard about. Via CoStar: "BRE Properties paid $66.5 million, or more than $20 million per acre, for a 3.3-acre parcel on Wilshire Blvd. in Los Angeles for its Wilshire/La Brea project, a new mixed-use development it plans to deliver in the latter half of 2008... located at 5220 Wilshire Blvd. It is slated to include at least 645 multifamily units in several mid-rise towers, as well as retail space. Construction costs are estimated at $352 million." [CurbedWire Inbox/CoStar]