We like to think of the Hollywood Palladium, recently renovated by Coe Architecture, as a groovy place to see a show. But it looks like it’s about to become a whole lot more, as one of the future centers of Hollywood’s unprecedented building boom. Curbed LA reports that a mixed use development is now being planned on the parking lots behind the landmark theater, including residential units, street level shops and restaurants, and, potentially, a hotel.
Last week AN learned that Hollywood’s Capitol Records building may be in for a dwarfing by two new adjacent towers. Now we learn from our friends at Curbed that the historic Hollywood Palladium, renovated in 2008 by Coe Architects, might also be in trouble. Miami developer Crescent Heights is about pay $55 million for the Palladium site, and it’s rumored that they want to build luxury apartments or condos there. The 72-year-old theater apparently has no historic protections, so this could get ugly. Stay tuned.
As California’s redevelopment agencies face possible extinction, one notable group has thrown its hat into the ring. The LA Conservancy has announced that it will give its annual President’s Award to the Community Redevelopment Agency of Los Angeles (CRA/LA) for “Its commitment to reusing historic structures—and promoting historic preservation” in its redevelopment plans. “We thought it was a timely way to recognize what they’ve been doing and their role in trying to foster strategic investments across the city,” said Adrian Scott Fine, the Conservancy’s Director of Advocacy, who pointed to the agency’s help with, financing, surveys, and in some cases purchase of historic buildings to attract investment in historic conservation.