Monday, November 18, 2013

Construction Permits Issued for Selma and Vine

Prepare to bid farewell to one of the most conspicuous surface parking lots in Hollywood, as Camden Development's mixed-use project at Selma and Vine is just about ready to get shovels in the ground.  As of this morning, the Department of Building and Safety has issued permits to Camden for shoring and foundation work on their $240 million project.  Plans call for a 7-story building consisting of 287 apartments, 39,000 square feet of street level retail, and a four-level underground parking garage.  Like many of the developments currently underway in Hollywood, Selma and Vine represents a downsized version of more ambitious pre-recession plans.  When the project first emerged in 2007, Camden envisioned an 11-story building with a ground level Whole Foods Market.  Looks like Camden traded one overpriced chain for another, as a document from TCA Architects indicates that Equinox Fitness has signed on as a ground floor tenant. On the downside, Selma and Vine's proposed office neighbor across the intersection has seen its groundbreaking schedule delayed yet again.

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