Millennium Hollywood Project Gets OK From Planning Department

The Los Angeles Planning Department this week approved a project that includes plans to develop two high-rise buildings adjacent to Hollywood's Capitol Records building, the Los Angeles Times reported.

The Millennium Hollywood project aims to transform 4.47 acres of parking lots into 1 million square feet of residential, hotel, office, restaurant and retail space, as well as a sports club.

Despite push-back from some residents who say the project would increase traffic and ruin views, an attorney representing Millennium Hollywood said skyscrapers will be part of Hollywood's evolvement, the Times reported.

The city's Planning Commission is scheduled to consider the project in March.

Members of the Los Angeles business community earlier this month announced their support for Millennium Hollywood.

"This dynamic development will set a new standard of excellence for Hollywood in the 21st century and bring a much-needed new vitality and energy to the intersection of Hollywood and Vine," said Leron Gubler, president and CEO of the Hollywood Chamber of Commerce.

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