RPG Enterprises and Webcor Builders team up to build
the Hollywood and Vine apartment project.
The
Irvine office of Foster City-based Legacy Partners has
kicked off construction of its 375-unit 1600 N. Vine
luxury apartment complex at the intersection of
Hollywood and Vine. The complex, which will include 78
affordable units, is part of a $600-million mixed-use
development that also includes a 305-room W Hotel, 143
W Residences, approximately 50,000 sf of retail space
and transit plaza improvements at the Hollywood/Vine
Metro Red Line Station.
The Legacy Partners project will be a 12-story high
rise that will incorporate 30,000 sf of first-floor
retail space, a fitness center, yoga/pilates studios,
a swimming pool and a spa, a community clubhouse,
barbecues and fire pits. The units will range from
studio apartments that will average 800 sf to
two-bedroom units of 993 sf to 1,591 sf, plus
townhomes of one to three bedrooms that will range
from 1,277 sf to 3,134
Legacy’s 1600 N. Vine complex fronts the Hollywood
Walk of Fame, with more than 70 stars featured on the
project’s property line. Artist Jennifer Steinkamp
has been commissioned to create a public art piece for
1600 N. Vine as part of the Community Redevelopment
Agency public art policy for the Los Angeles, which
requires developers to incorporate art into their
projects.
Completion of the project is expected to take about 26
months. In addition to Legacy, the project team for
1600 N. Vine includes CalPERS as an equity partner,
general contractor Webcor Builders, construction
lender Deutsche Bank Berkshire Mortgage and HKS
Architects Inc.
The project is being developed on the entire city
block bounded by Hollywood Boulevard to the north,
Vine Street to the west, Selma Avenue to the south and
Argyle Avenue to the east with the exception of the
historic Taft Building on the northwest corner of the
block at Hollywood and Vine. The Hollywood/Vine Metro
Rail Red Line Station is located at the northeastern
corner of the project site.
Construction is also under way on the W Hotel, which
is being developed by Dallas-based Gatehouse Capital
Corp. and HEI Hospitality of Norwalk, CT. The overall
project is a result of five years of planning,
negotiation and collaboration with the Los Angeles
County Metropolitan Transportation Authority, the Los
Angeles Community Redevelopment Agency, Los Angeles
City Council and the Hollywood community. It is a
product of the MTA’s joint development program,
which works with public and private partners to
encourage transit-oriented development around Metro
station sites and along transit corridors.
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