These new towers would be built on the parking lots around the Hollywood Palladium near Sunset and Vine. "Holy shit," says Curbed LA, "there have been rumors about some kind of development at the site of the Hollywood Palladium for ages now, but here they finally are, for real....two big-ass towers....According to a press release, the developers have submitted plans to "transform the Palladium's existing parking lots into a transit-oriented mixed-use development by adding residential units, street level shops and restaurants, and a potential hotel." This is just down the street from the proposed Millennium towers at the Capitol Records building that are so controversial among Hollywood residents, and the Old Spaghetti Factory site where a big development is planned.
Two more towers planned for the heart of Hollywood
More by Kevin Roderick:'In on merit' at USC
Read the memo: LA Times hires again
Read the memo: LA Times losing big on search traffic
Google taking over LA's deadest shopping mall
Gustavo Arellano, many others join LA Times staff
Recent Hollywood area stories on LA Observed:Hollywood and Vine
'Endless Summer' poolside
Hanging out with Mya Taylor of 'Tangerine'
Target eyesore in Hollywood: blame Garcetti
Previous story: Jennifer Bjorklund back on NBC 4 air from Prescott (video)
Next story: Morning Buzz: Tuesday 7.2.13