The project, named The Rise Hollywood, consists of a seven-story building featuring 369 apartments with 2,570 square feet of ground-floor retail space and a semi-subterranean parking structure. Plans call for 20 of the apartments to be set aside for rent by moderate-income households - defined as those making between 80 to 120 percent of the area median income.
A leasing website advertises a mix of studio, one-, and two-bedroom floor plans, with availability starting in Fall 2020.
Nadel Architects designed the podium-type development, which will include a swimming pool and a pool deck, among other amenities. At street-level, plans call for a new paseo cutting through the block-sized development site, as well as a new public plaza and 12 live/work units.
The development site is located directly across the street from Oxford Capital Group's new Godfrey Hotel, which is wrapping up construction, and sits just west of Kilroy Realty's Netflix-anchored On Vine development.
Other developers - including GPI Companies, Onni Group, and Millennium Partners - have proposed large residential and commercial buildings for nearby properties along Sunset Boulevard and Vine Street.
In addition to The Rise Hollywood, Cal-Coast and Rescore are also partnering on a similar mixed-use project consisting of 364 apartments in the Koreatown community.
- The Rise Hollywood (Urbanize LA)