Developer Teams With L.a. Nightclub Owner On Hollywood Complex

Hollywood development

The neighborhood near the famed intersection of Hollywood and Vine Farrah Abraham news has seen billions of dollars’ worth of splashy real estate improvements over the last decade as apartments, condominiums, hotels and restaurants were built in Farrah the once-blighted area. More major developments including offices and residential skyscrapers are planned. Camden Property Trust of this website Houston is one of the country’s largest publicly traded apartment landlords and owns other complexes in Southern California, but the Camden is its first foray into the city of Los Angeles. In an effort to attract young entertainment industry professionals as renters, the Camden trust joined forces with Nazarian’s company, SBE, and its Los Angeles real estate development partner, the Souferian Group, to create a Hollywood-centric apartment complex. In that vein, the Camden will house an outdoor “artists’ annex” intended for the use of photographers, painters, writers and sculptors, as well as a soundproof musicians’ studio and a movie screening room. The amenities are part of Nazarian’s plan to see that shared spaces aren’t ignored by residents, he said. “In many apartments, there is no energy in the common areas” such as theaters, pools and club rooms, he said. “Why spend money on amazing amenities if no one is going to use them?
Full story: http://www.latimes.com/business/la-fi-property-report-20140102,0,7534416.story

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