LOS ANGELES — MP Los Angeles, the developer behind the massive $1 billion Hollywood Center mixed-use project in Los Angeles, has unveiled plans for 130 units of affordable seniors housing at the development.
The proposal calls for four new buildings — one rising 46 stories, another 35 stories and two mid-rise, 11-story buildings — filling the surface parking lots around the Capitol Records Building. The project is located at Los Angeles’ renowned Hollywood and Vine intersection, including LA Metro’s Red Line transit stop across the street.
“We believe Hollywood Center is an example of development done right,” says Terra Russell-Slavin of the LA LGBT Center. “This project addresses the city’s dire need for housing, and especially affordable housing for older adults. Hollywood Center would provide its residents the opportunity to live in a vibrant community with access to essential resources, well-designed pedestrian experiences, and access to world-class healthcare, all within a short subway ride from home.”
The non-profit Menorah Housing Foundation, one of the largest operators of seniors housing in Southern California, will oversee leasing, management and day-to-day operations of Hollywood Center’s affordable units.
“We’re honored to have the support of such a diverse group of community organizations,” said Mario Palumbo, managing partner, MP Los Angeles. “We recognize the distinct need for housing for underserved populations, such as very low and extremely low income seniors, and Hollywood Center aims to address this problem head on.”
The overall Hollywood Center proposal features a total of 1,005 residential units, two civic plazas, new pedestrian walkways connecting Argyle Avenue and Ivar Avenue, and 30,000 square feet of ground-floor shops and restaurants.