The Millennium Project, which includes plans to develop two sites adjacent to the Capitol Records building, officially began the public review process this week.
Today marks the beginning of the public comment period for the draft environmental impact report (DEIR). [See the full report here.]
The developers, Millenium Partners and Argent Ventures, are proposing a project that 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.
The proposed plan is still being called a "conceptual plan" with a maximum building height of 585 feet for the east and west Vine Street towers.
The DEIR found that the project will have short-term impacts during construction on air quality and noise.
The long-term impact of the project came in the area of traffic. The traffic study indicates five intersections will be significantly impacted.
Proposed mitigation measures include widening intersections for additional turn lanes, donating money to the city to upgrade traffic signals and establishing a "traffic signalization program." With these measures, the unmitigated impacts would be reduced to two intersections, according to the report.
The buildings' designers, Gary Handel Architects and Roschen Van Cleve Architects, will collaborate with James Corner Field Operations, the landscape architects responsible for The High Line in New York City.
Expect public hearings on the project to begin in early 2013. The deadline to submit comments on the DEIR is Dec. 10 no later than 4 p.m.
“We have worked hard over the last several years to design a project that is a new Hollywood icon for the 21st century,” Philip E. Aarons, founding partner of Millennium Partners, said in a press statement. “And I believe that the DEIR shows how our project is not just fitting for the community but will fit into its vision for its future.”
"We have spent the last several years discussing our plans with the Hollywood community,” Aarons said, “and we look forward to continuing those conversations over the months ahead.”
According to a news release, the project has the support of Mayor Antonio Villaraigosa and Capitol Records.
A website for the project was unveiled this week at: www.milleniumproject.net.
- Millennium Hollywood Project Begins Review Process