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2719-2723 W Sunset is surrounded by over $8 billion of developments recently completed and currently planned. The City of Los Angeles, the Community Redevelop Agency (CRA), and numerous private investors have poured time and energy into development and resurgence in key areas. Over $4 billion is being placed into the Downtown Los Angeles market and another $2 billion is planned to revitalize Hollywood.
The communities surrounding these sites will benefit from the resulting population growth, improved employment options, and better schools for families and students. Key development projects are bringing new retail, entertainment, public transportation, housing, educational facilities, government and community buildings to a five mile radius of the property.
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Hollywood
- Hollywood & Highland entertainment complex
- Arclight Complex
- Hollywood & Vine: 300 residential units, Metro Rail Station, W Hotel
- Sunset & Vine: 300 loft units
- Cahuenga Corridor: the area has become a focal point of Hollywood’s nightlife: clubs such as Tokio, Cinespace, the Ivar, Xes, White Lotus, Star Shoes, and Beauty Bar, now all call Cahuenga Boulevard home.
- Hollywood Boulevard, between Argyle and Gower- 1000 units, retail and restaurants.
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Downtown Los Angeles
- More than 125 development projects in downtown Los Angeles
- Downtown Housing Boom: Over 9,000 new housing units under construction, permitted, or proposed: Over 3,000 units completed in the past 2 years
- Grand Avenue Plan: $1.2 billion plan to redevelop a strip of Grand Avenue into high rise apartments, hotels, promenades, office, clubs and cafes
- South Village/Ralph’s: $220 million, 7.2 acre, multi-block project that will contain rental and condominium units, street level retail stores, and Ralph’s, the first major chain grocery store to re-enter downtown LA
- Walt Disney Concert Hall: Frank O. Gehry’s modern, sleek design brings a new look to downtown
- Cultural and Entertainment Sites: LA Live- $1 billion entertainment complex, NFL stadium, Natural History Museum, California Science Center, Central Avenue Art Park, Variety Arts Center
- Non-Profit/Community: libraries, religious, cultural and recreational centers, Midnight Mission, senior nursing facility, White Memorial Medical Center
- Numerous Civic Buildings: City Center redevelopments plan, East Los Angles light rail project, Federal Building at 300 N Los Angeles Street, Federal Courthouse, Hall of Justice, Police Headquarters, and Taylor Yard.
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