CGI+ Tweaks Hollywood Apartment Tower Plans To Be Shorter, Include More Units

The Site At 1830 Cahuenga Where The Tower Is Planned.

CGI+ has revamped its plans for a site near Franklin Avenue and Cahuenga Boulevard: The new plan involves a 20-story apartment project with 244 units, more than originally planned.

The developers expect to break ground on the project in 2025 and complete it in 2027.

The site at 1830 Cahuenga Blvd. is occupied now by a two-story apartment building. According to city public records, the building holds 24 units. It's next to a large surface parking lot, the address of which is also listed in the tower plans. CGI+ confirmed to Bisnow that the building on the property would be relocated to a new site and would not be demolished.

In 2021, CGI+ formed a joint venture with the property owner and planned to build a slightly taller project, at 22 stories with 222 units and 18.5K SF of retail, according to The Real Deal.

Hollywood could be seeing a lot more new tenants if city projections hold true. This month, the Los Angeles City Council gave the green light to the neighborhood's community plan, a document that guides new development in Hollywood.

CGI+ is staying busy. It has a multifamily and hotel project underway now near the Wilshire/La Brea stop on the Purple Line extension. The development is expected to open next year.

Continue reading this story with a free account

Log in or register
Related Topics: CGI+ , Hollywood , Los Angeles Multifamily
Sign up for more articles like this
Subscribe to Bisnow's Los Angeles Newsletters
Related Stories

DivcoWest Sells Glendale Office Building For $70M

Daniel Negari Buys Downtown LA Hotel For $34M

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Stockdale Capital Partners, Hamilton Lane Acquire Chino Hills Shopping Center For $157M

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

California Emerging As Data Center Fallback Market Amid Nationwide Opposition

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Chapman Market Owners Get $29M Refinance: The Los Angeles Deal Sheet

Lineage Suing Solar Company Altus Power Over Boyle Heights Warehouse Fire

HPP, Blackstone Nab Extension On $1.1B Loan Tied To 2.2M SF Hollywood Portfolio

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years