Take another look at Sunset Boulevard's stylish Palladium Residences, the high-rise towers proposed for the parking lot abutting the Hollywood Palladium. The mixed-use complex, unveiled last summer by developer Crescent Heights, would offer a blend of residential units and hotel rooms in a pair of sleek, 28-story buildings. An official website for the project features a new set of high-resolution renderings, highlighting the Palladium Residences' street-level integration and prominent location within the Hollywood skyline.
The twin 350-foot towers, designed by Stanley Saitowitz of Natoma Architects, could move forward under two distinct development programs. Under the first scenario, Crescent Heights would build a purely residential project with 731 dwelling units. In an alternate program, the towers would feature a mixture of 538 residential units and 250 hotel rooms. Both plans call for a total of 14,000 square feet of pedestrian-oriented commercial space, in addition an underground parking garage with accommodations for approximately 1,900 vehicles and 820 bicycles.
Crescent Heights is marketing the Palladium Residences as a place where "historic preservation [meets] urban revitalization." Consequently, the towers' design incorporates many architectural elements similar to those of the adjacent concert hall. One conspicuous example is the Residences' grid-pattern facade, which takes inspiration from the Palladium's iconic Sunset Boulevard marquee. The towers are also designed with curving, L-shaped footprints that allude to the Palladium's Streamline Moderne architecture.
However, the developer has yet to reveal a budget and timeline for the project. For the time being, Hollywood observers must content themselves with watching the various other developments currently sprouting along Sunset Boulevard.