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Plans for a $125 Million Apartment and Shopping Complex in Hollywood

Good news for the east side of Hollywood and real estate investors and homebuyers in adjacent areas.

In a major move into Hollywood, Gemdale Corp., one of China’s largest builders of residential communities, has announced plans to build a $125 million apartment and shopping complex on Western near Sunset. Gemdale has teamed up with LA’s LaTerra Development to build the six-story residential and retail complex.

LaTerra operates in our backyard having built projects in Silver Lake and Glassell Park, among others.

This bodes well for real estate in East Hollywood as well as Northeast LA.

If you would like to see what investment or residential real estate is available in these areas, give us a call.