Planning Staff Recommending Approval For Huge Cap Records-Adjacent Millennium Hollywood Towers

The ginormous Millennium Hollywood project began it's slow march through the city approvals process today with an initial hearing before city planning department staff. Developers want to build two towers and open space at Vine and Yucca, on parking lots surrounding the Capitol Records building; the project could include up to 492 residential units, a 200-room hotel, commercial space, a gym, and room for restaurants. Developers Millennium Partners and Argent Ventures have chosen to seek approvals on conceptual plans, so no one's actually sure what'll be built yet, but the towers could hit 485 and 585 feet respectively. Either way, the Planning Department tells us that they will recommend the Planning Commission approve the project. Some people in the community--notably Hollywood Hillsians; some preservationists concerned about Cap Records; and the American Musical and Dramatic Academy, whose Hollywood campus is very near to the project site--hate it. Others, especially business groups like the Chamber of Commerce, welcome it. Strong feelings on both sides is a recipe for a long hearing--today's lasted nearly four hours, and only ended because someone else had booked the room.
· First Plans Released For Huge Towers Next to Capitol Records [Curbed LA]