Chamber Releases Annual Economic Development Update for 2017

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June 21, 2017
Attendees of this year’s Economic Development Summit will be among the first to receive the current issue of the popular Hollywood Development Update 2017. The annual publication includes information on 92 projects in the pipeline for Hollywood.

The facts about Hollywood reveal that what’s commonly referred to as the hub of the entertainment industry, the most-famous community has been a hot spot for millennials and companies alike and continues drawing an unprecedented comeback! Since 2003, a total of 5,000 housing units have been built in Hollywood. In 2017, there are currently 2,800 housing units under construction and another 6,900 units in the pipeline. Three hotels with more than 500 rooms will come on line in 2017, with another 13 hotels with more than 2,000 rooms proposed. There is 450,000SF of commercial office space under construction in 2017, with another 693,000SF proposed.

In addition, the publication highlights a list of ten reasons why Hollywood is the place to work, create and live! In fact, the Hollywood Chamber featured at its annual Economic Development Summit this year the theme of “Building a livable Hollywood” where community leaders, businesses and residents come together to learn more about the future of Hollywood.

The update shows existing, new and projected developments on a map of the community. These include Commercial and Retail projects, Educational Facilities, Hotels, Medical Facilities, Office Rehabilitations and New Construction, Public Facilities, New Residential and Mixed Use. The last category represents the bulk of projects in the area with more than 50 upcoming developments in the pipelines.

The 24x10.5 color spread shows renderings of projects along with most project and offers a brief introduction to each project mentioned, developer, address and projected progress.

The annual Economic Development Update is a project of the Economic Development Committee of the Hollywood Chamber of Commerce. Diamond Level sponsors include Harridge Development Group, Rescore/Cal-Coast, and Strategic Legacy Investment Group, Inc. Gold Level sponsors include American Commercial Equities, Avison Young, CIM Group, Counterintuity, LLC, Gensler, Gonzales Law Group, Hollywood Presbyterian Medical Center, Hudson Pacific Properties, Inc., Iron Mountain Entertainment Services, J.H. Snyder Co., JLL, Liner LLP, Paramount Contractors & Developers, Relevant Group, LLC, Robertson Properties Group, and Wilcon. Silver Level sponsors include Ametron Audio/Video, Armbruster Goldsmith & Delvac, Birch Tree Properties LLC, City National Bank, Communitas Design, LLC, Discover Hollywood Magazine, East Hollywood BID, Emerson College Los Angeles, Essex Property Trust, Inc., Faring, Fidelity Investments, Gathers Strategies, Inc., Handelman Consulting, Inc., Hart Realty Advisors, Hollywood Entertainment District, Kimpton Everly Hotel, LeFrak, Marathon Communications, NAI Capital Commercial Real Estate, The Original Farmers Market, Park & Velayos LLP, Park Plus Inc., Pavemint, LLC, The Proper Companies, Selbert Perkins Design, Sunset & Vine BID, U.S. Bank, and Wood Partners.

Those interested in obtaining a copy of the Economic Development Map may purchase the annual publication for $50 on the Chamber’s website www.hollywoodchamber.net.
The Economic Development Committee of the Hollywood Chamber of Commerce serves as the forum to generate and share ideas that can further the economic development mission of the Hollywood Chamber and guide Hollywood’s growth as the most dynamic, diverse and vibrant community in the Los Angeles area.  The committee brings together regional thought leaders, public policy experts, private sector leaders and government officials in an effort to advance ideas and advocate for economic development and policies that will further the growth, development and sustainability of Hollywood’s diverse communities including business, residential, visitors, education and our community serving nonprofit organizations.
 
About the Hollywood Chamber of Commerce
For more than 96 years, the Hollywood Chamber of Commerce has provided leadership, business development resources, networking, and government affairs programs and services to keep the Hollywood business and residential communities safe, relevant and economically vital. Jeff Zarrinnam of Hollywood Hotel, is the Chair of the Hollywood Chamber of Commerce Board of Directors 2017-18, and Leron Gubler is the President/CEO of the Hollywood Chamber of Commerce. For more information please visit www.hollywoodchamber.net.
 
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Contact:
Hollywood Chamber
(323) 469-8311