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Months of political posturing have finally lead to a detente between developer L.T. Global Investment, Inc. and the Anaheim Angels, allowing plans for a $450-million mixed-use complex to move forward in the Platinum Triangle.

LT Platinum Center, slated for a 15-acre property near Angel Stadium, would consist of 340 residential units, 200 hotel rooms, 77,000 square feet of offices, 3,500 parking spaces and 440,000 square feet of commercial floor area.  Plans call for a 28-story residential tower, which at nearly 350 feet in height, would become Orange County's tallest building.

The project, which has received yet another redesign since last presented in April, is envisioned as a series of high-rise and mid-rise structures centered around a pedestrian paseo.  Comparisons have been made between the proposed development and the L.A. Live complex which flanks Staples Center in Downtown Los Angeles.

Though L.T. Global had successfully quelled most opposition to the project prior to its Anaheim City Council hearing yesterday, the Angels had remained a vociferous critic as early as the beginning of the week.  It is unclear how the two parties were able to come to an agreement.

Construction of LT Platinum Center is scheduled to begin next year and finish by 2022.

Rendering of LT Platinum Center (Image: LT Platinum Center)

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Construction Finally Underway at 5750 Hollywood

Wood Partners has acquired a mixed-use development site near the Hollywood Freeway.
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Atlanta-based developer Wood Partners has broken ground for a residential-retail development near the Red Line's Hollywood/Western Station.

The project, located at 5750 Hollywood Boulevard, will consist of a seven-story structure featuring 161 apartments, 5,700 square feet of ground-floor retail space, and basement parking for 271 vehicles.  Plans call for a mix of studio, one- and two-bedroom units, including 14 apartments reserved as low-income housing.