The Hollywood Community Can Not Afford the Impacts of the Millennium Project
The 1.1 Million square foot Millennium Hollywood Project proposed to be developed on 4.4 acres surrounding the Capital Records building will have the following impacts on the surrounding communities:
- Create a development larger than the 950,000 sf Staples Center or the 850,000 sf LA Convention Center within 500 feet of Hollywood residential communities;
- Erect 2-Towers in excess of 50-stories (585 feet or taller) on top of 13-15 story base buildings creating 2-structures as tall or taller than the 54-story JWMarriot/Ritz-Carlton in Downtown LA, over 4x’s taller than the adjacent historic Capitol Records Building and 25-stories taller than any existing building or planned development in Hollywood;
- Produce 492 Condominium/Apartments, a 168,000 sf, 200-room Hotel/Conference facility, 240,000 sf of Office space, and 75,000 sf of retail space;
- Will generate 19,000 additional trips to and from the development on a daily basis;
- The subterranean and above ground parking structure will hold only 1,918 cars which, according to current parking codes this underparks the Project by 500 space without any provision for tourist, residential guest or employee parking;
- Traffic congestion at the intersections of Cahuenga/Franklin and Argyle/Franklin cannot be mitigated effectively to handle proposed Project traffic.