RAI/CREC – 6220 Yucca Mixed-Use Development – California - Project Profile

RAI/CREC – 6220 Yucca Mixed-Use Development – California - Project Profile

Synopsis

"RAI/CREC – 6220 Yucca Mixed-Use Development – California - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

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Summary

Riley and Associates Realty, Inc. (RAI) and Champion Real Estate Company (CREC) are planning to build a mixed-use complex in Hollywood, California, the US.

The project involves the construction of two buildings with a total of 204 multi-family residential units on on 0.46ha of land.

It includes the construction of Building 1 with 20 stories consists of 197 residential units, 136 rooms hotel and 1161m2 commercial/restaurant space, 436 parking spaces, six story parking structure, and Building 2 with four stories consists of seven residential units, 23 parking spaces, two story podium structure. It also includes a gym, a podium courtyard, installation of elevators, security system and related activities.

Togawa Smith Martin has been appointed as design architect.

The development requires several discretionary approvals from the city, including a zone change and a height district change.

In June 2016, HUNC's Planning and Land Use Management (PLUM) Committee and the Argyle Civic Association voiced against the project proposal.

Subject to approval, construction is expected to commence in the first quarter of 2018.

Scope

The project involves the construction of two buildings in Hollywood, California, the US.

The US$180 million project includes the following:

1. Construction of 136 hotel rooms

2. Construction of 1161m2 commercial/restaurant space

3. Construction of 204 residential units

4. Construction of 459 parking spaces

5. Construction of related facilities

6. Installation of elevators and safety systems

Reasons To Buy

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• Identify key project contacts.