Local developer Champion Real Estate is planning to bring 248 luxury apartments plus ground floor retail space to a 2.7-acre site at the northeast corner of Highland and Selma, across from Hollywood High School. The $100-million, two-building, six-story development will be heard by the Planning Department tomorrow. In their report, planning staff recommend approving the project (pdf), including Champion's request to include 46 fewer parking spaces than required (though it'll still have 538 spots).
The two six-story buildings with wood siding were designed by Killefer Flammang, and drew positive reviews from the Department's Professional Volunteer program. If built, the development will take the place of surface parking lots, a vacant office, and two apartment buildings. The Panavision building adjacent to the proposed buildings was originally bought by Champion with the rest of the parcels in 2011, but was sold last year and is not part of the project.
This is one of two big mixed-use projects Champion has in the hopper; their Hollywood Cherokee Apartments are also wending their way through the city's approvals process.
· City Planning Staff Report (pdf) [LA City Planning]
· Even More Apartments for Hollywood [Curbed LA]