Civic leaders gathered last week to commemorate the beginning of construction on BLVD 6200, a long-anticipated $500-million apartment and retail complex in Hollywood.
Work is underway at 6201 Hollywood Blvd. on former parking lots next to the Pantages Theater, where more than 500 apartments are being built in four buildings. The complex will have 74,000 square feet of retail space for shops and restaurants, and underground parking for 1,300 cars.
BLVD 6200, which was planned in the mid-2000s, is being developed by DLJ Real Estate Capital Partners and Clarett West Development. The first phase now under construction should be completed by the end of 2014. A second phase with another 500 residences is slated to be built on parking lots across Hollywood Boulevard at a later date.