Developer Kilroy Realty is preparing to begin work for the Academy, the Los Angeles-based developer's latest mixed-use complex in Hollywood.  An informational sign that has been placed at the project site now indicates that demolition, shoring, and grading activities are imminent.

The proposed development, slated for a 3.5-acre site at 1341 N. Vine Street, would consist of multiple high-rise and mid-rise structures, containing up to 250 apartments, 235,000 square feet of office space and 37,000 square feet of street-level commercial space.

Local architect Joey Shimoda is designing the mixed-use development, which will be highlighted by a 23-story tower at the northwest corner of the property.

This is the second major ground-up development for Kilroy in the neighborhood surrounding Hollywood & Vine, following the similar Columbia Square complex, which is built around the shell of a former CBS radio facility.  That property, which also features a high-rise apartment building, now boasts tenants such as guitar manufacturer Fender and Viacom.

Per Kilroy's most recent earnings call, the first phase of construction will consist of the project's office component, which is centered around an internal paseo.  The high-rise tower will break ground at a later point.  Total project costs are estimated between $425 million and $450 million.

Just west, construction is also underway for a residential-retail complex known as the Rise Hollywood, as well as a 200-room Godfrey Hotel.  East across Vine Street, Onni Group has filed plans for an eye-catching 21-story tower.

Image courtesy of Adam Linder
Image via Kilroy Realty
Image via Kilroy Realty
Image via Kilroy Realty
Image via Kilroy Realty
Image via Kilroy Realty
Image via Google Maps

From the Web

Mixed-Use Development Proposed for Reseda Boulevard

Five-story building to rise north of Ventura Boulevard.

A one-story commercial building in Tarzana could make way for a mixed-use development, according to plans filed earlier today with the City of Los Angeles.  The project, slated for two parcels at 5431-5505 N. Reseda Boulevard would consist of a five-story building featuring 40 residential units - including five set aside for very-low-income households - above 2,540 square feet of ground-floor retail space.