Construction work has officially begun towards realising the project, DJM and Gaw Capital’s new $100M dollar reimagination for the Hollywood & Highland retail complex.
Late last summer, DJM and Gaw Capital announced a new name and plans to reimagine the famed Hollywood & Highland complex, one of the top tourist attractions in Los Angeles located steps from the Dolby Theatre at the intersection of Hollywood Boulevard and North Highland Avenue. Plans for the property include major design improvements, an updated tenant mix, and an additional 100,000sq ft of creative office space.
The construction work begins with the exterior, street-facing portions of the property, which are being repainted before main common areas will be improved in the coming months. The property’s redevelopment is planned to continue in phases through early to mid-2022.
Hollywood & Highland was purchased by Gaw Capital UAE for $325M with DJM Capital Partners Inc. The property was sold by Los Angeles developer, CIM Group.
