Last summer, Florida-based real estate investment trust Rescore purchased approximately two acres of land in Hollywood, with the intention of building a low-rise mixed-use complex. Half-a-year later, a set of environmental documents published by the Los Angeles Department of City Planning has revealed new details about the proposed development at 1311 North Cahuenga Boulevard.
Designs from Nadel Architects call for a seven-story structure, spanning across two properties bounded by Cahuenga Boulevard, Cole and Fountain Avenues. The proposed building would range from 82 to 110 feet in height due to elevation changes through the project site. The land is currently developed with a series of small structures, including two office buildings, a single-family home and an automotive repair shop.
The $110 million project would feature 369 residential units, micro units, studio, one-, two-and-three bedroom apartments. These units would reportedly command rents catering to "the working person," as opposed to those in more expensive complexes in development along Vine Street, Hollywood and Sunset Boulevards.
