Famous Hollywood and Vine Intersection to Get $600 Million Project
FEBRUARY 15, 2007 –
The famous Los Angeles intersection of Hollywood Boulevard and Vine Street will be the site of a $600 million hotel, residential and retail development, according to the Associated Press. The city-block- size project is the latest step in revitalizing Hollywood, which was once the center of cinema in the United States.
The W Hollywood Hotel & Residences will include a 305-room W Hotel, 143 residences, 375 apartments, more than 50,000 sq. ft. of retail space and improvements to the plaza for the Hollywood & Vine Metro Red Line subway station. The project is being developed by Gatehouse Capital Corp. and Legacy Partners. Gatehouse president and CEO Marty Collins said it took six years to reach the groundbreaking stage, and the opening is expected in mid-2009.

