Coming to the long vacant site at the corner of Hollywood and Garfield could be a project developed by YOU. Yes, you. The property and entitlements are up for bid through CB Richard Ellis' Team Lustig Bower.
Team Lustig-Bower is pleased to present 5555 Hollywood Boulevard, a unique opportunity to build a mixed-use project for ±120 apartment units over ±6,000 square feet of retail space in Hollywood one of the most desirable urban redevelopment markets in Southern California, if not the nation. The site was previously discussed as the Hollywood home for a new Whole Foods, but we seem to remember that plan getting killed by angry locals. Before that, the site was home to the Velaslavasay Panorama, which was torn down in 2004. Bids are being accepted until May 21st at 5:00pm. Get on it.
· 5555 Hollywood Boulevard [LoopNet]
· A Wake in Hollywood [Franklin Avenue]