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Harridge Sued a Second Time Over $1B Crossroads of the World Project

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Harridge sued a second time over $1B Crossroads of the World project

LOS ANGELES — Harridge Development Group is going to court a second time over its massive Crossroads of the World development in Hollywood, this time with a local tenant group that alleges the developer illegally coerced renters out of their apartments.

The L.A. Tenants Union and three individual tenants filed a lawsuit in Los Angeles County Superior Court on Friday, with claims that the Beverly Grove-based developer has violated a condition of the city approving its mixed-use project, which is that tenants have a right to return to the new development without an accompanying rent hike.

The project, which was approved by the city in January , includes 905 new apartments and condos in three high-rise buildings, 308 hotel rooms, […]

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Development

Construction Begins on Mixed-Use Development Near Pavilions

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Construction Begins for Mixed-Use Development at 9001 Santa Monica Boulevard

WEST HOLLYWOOD (Urbanize LA) — Construction has commenced for a mixed-use development at the former site of The Palm Restaurant in West Hollywood. The project, which comes from developer GPI Companies , will rise from a .634-acre site at 9001 Santa Monica Boulevard.

Plans call for the construction of a five-story building featuring 37 apartments – including eight affordable units – above ground-floor restaurant space and two levels of subterranean parking.

“We are excited to begin construction on this unique residential project, creating a centrally located, high-end residential development with best-in-class amenities for future tenants to call home,” said Jamie Ross, Director of Development at GPI Companies in a prepared statement. “West Hollywood is growing rapidly and transforming with several exciting new projects. 9001 Santa Monica will anchor this stretch of Santa […]

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Business

Faring Seeking $375M in Construction Financing for WeHo Mixed-Use Project

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Faring Seeking $375M in Construction Financing for WeHo Mixed-Use Project

WEST HOLLYWOOD (Commercial Observer) — Faring is seeking $375.2 million in construction financing for Robertson Lane , its mega mixed-use development in West Hollywood, Commercial Observer has learned.

The five-year, floating-rate lending opportunity is being marketed by Cushman & Wakefield ’s Rob Rubano , Brian Share , Ernesto Sanchez , Joseph Lieske , Becca Tse and Keith Paden , according to an offering memorandum shared with CO. Officials at C&W declined to comment.

Sources said the deal hit the market on Tuesday.

When completed, the 1.92-acre project— located at 652 North La Peer Drive , at the edge of Beverly Hills—will include a 5-star, 182-room hotel, a private members’ club with 19 guest rooms and high-end retail, restaurant, office and banquet space. The development will also feature a three-level subterranean […]

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Development

Planning Commission Thwarts Appeal of Homeless Housing on La Brea

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Planning commission thwarts appeal of homeless housing in Fairfax

Department of City Planning A rendering of The Pointe on La Brea development. A neighborhood group’s appeal against a 50-unit homeless housing development at La Brea and Willoughby in Fairfax was unanimously denied by the city planning commission on Thursday.

Commissioners disagreed with the reasons for the appeal and expressed dismay that a permanent supportive housing project had been delayed because of it.

“When you go out and see people who are homeless, and you complain that the city’s not moving fast enough,” this is the problem, said Commissioner Dana Perlman.

The La Brea Willoughby Coalition, which filed the appeal, told commissioners the project’s developer violated their right to “due process,” claiming that they were not properly notified of the project and had not had adequate time to voice […]

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