“Hollywood High-Rise to Replace Low-Rise Hotels”

A new mixed-use project is set to replace a block and a half of Hollywood low-rise hotels. The 18-story building, located along the city’s famed boardwalk along the beach, will take advantage of a state law allowing taller buildings in exchange for including affordable housing in the mix. Currently, 123 hotel rooms are under contract from various owners at Neptune Hollywood Beach Hotel, Hollywood Beach Seaside and Casa Pellegrino Boutique Hotel.
The 628,191 square foot development will include an 18 story residential building at Ocean Boulevard and Oklahoma Street corner; an eight story parking garage with some retail on McKinley Street’s ground floor; as well as two stories beach club featuring restaurants and rooftop pool on Surf Road. The Condra Group hopes this ambitious project brings much needed change to this area of Los Angeles while providing residents with quality living spaces that meet their needs now more than ever before.