Contents 1 Development 2 Controversy and criticism 3 Impact 4 References 5 External links


Development[edit] Developed by TrizecHahn and with funds from the Community Redevelopment Agency, Hollywood & Highland opened after three years of construction[5] in November 2001 and is part of an overall effort to revitalize Hollywood Boulevard. The three-story centerpiece courtyard of the Center The project is an example of joint development, in which a public agency leases the right to develop a parcel in exchange for improvements to the property, in this case, an enhanced portal to the Hollywood/Highland Metro Red Line station. TrizecHahn leased 1.35 acres (5,500 m2) of Los Angeles County Metropolitan Transportation Authority land for 55 years at a rate of $492,000 per year (with additional increases added every five years based on the Consumer Price Index) and four 11-year optional extensions.[6] The corner of Hollywood and Highland in 2006. The intersection of Hollywood and Highland, 1907 Leading up to the construction of the development the City of Los Angeles was persuaded, through its Community Redevelopment Agency (CRA), to contribute at least $90 million in 1998 toward the initial construction of Hollywood and Highland. This was in addition to the costs of constructing the Red Line subway station below the mall.[7] Trizec Properties Inc. sold its interest in the development for over $200 million in 2004 to CIM Group. This was a substantial loss and represented an investment failure as it was estimated that Trizec spent at least $625 million to develop the center.[8] The current owner, CIM Group (CIM), describes itself as a premier real estate fund manager that makes private equity and/or debt investments in urban communities throughout North America. CIM is headquartered in Hollywood in the TV Guide Building located across the street from Hollywood and Highland. (CIM also owns and manages the TV Guide Building.) CIM has active projects in Los Angeles, West Hollywood, Orange County, Pasadena, Santa Monica, Oakland, Washington D.C., Austin TX, Boulder CO, as well as other communities. One of their better known projects in the Los Angeles region is the Third Street Promenade in Santa Monica.[9] CIM rebranded Hollywood and Highland and repositioned the center with higher end tenants. In 2005, the center underwent renovations to add additional features such as escalators leading visitors from Hollywood Boulevard directly to the third floor of the central courtyard, new signage, and new stores.


Controversy and criticism[edit] The Hollywood and Highland complex opened in 2001 with a conditional use permit that enabled, among other things, for the complex to have special exemptions of Los Angeles billboard ordinances. Despite objections of some residents and neighbors, in 2002 this agreement was amended and extended for an additional 20 years. L.A. City Councilman Eric Garcetti, who then represented the Hollywood-area district and was elected mayor in 2013, supported extending this special permit.[10] The design of the center has been criticized. In 2007, Curbed L.A., an online magazine, named Hollywood and Highland the "winner" of their Ugliest Building in Los Angeles contest. In selecting Hollywood & Highland, they cited its aesthetics, pedestrian unfriendliness (including the lack of storefronts on the side facing Highland Ave.), confusing circulation, and "mish-mash of architectural styles".[11]


Impact[edit] Costumed characters with tourists The center played a significant role in attracting development to other parts of Hollywood Boulevard. The TV Guide Hollywood Center (formerly owned by CIM Group)[12] across the street reconstructed the ground floor and has attracted new tenants such as American Apparel, Baja Fresh, Hooters, and Coffee Bean & Tea Leaf. Other notable retail stores that have a presence on the Boulevard include clothier H&M and the Spanish retail chain Zara.[13] In addition, several blocks further east on Vine Street, a W Hotel opened incorporating the existing Hollywood/Vine Metro Red Line station. The sidewalk in front of Hollywood and Highland is considered a coveted location for recent additions to the Hollywood Walk of Fame. As such is one of the few locations where the star memorials are "doubled up" rather than being placed linearly, in order for more stars to be accommodated in front of the center. In February 2005, the Academy Awards statuettes were put on display for public viewing at Hollywood and Highland before the ceremony on March 5. Visitors could have a picture taken outside with a giant prop Oscar that was to be used on the red carpet and in the exhibit could learn about the history of the Academy Awards, see the statuettes that were to be presented, and even get their picture taken holding an actual Oscar statuette. It became extremely popular, so the Academy decided to continue it. The exhibit opened on February 9, 2006 and closed February 24, when the Oscars were removed and paraded down the red carpet into the Dolby Theatre.


References[edit] ^ Hollywood & Highland Map ^ "About the Center". hollywoodandhighland.com. Retrieved February 28, 2016.  ^ "Hollywood & Highland Center Map" (PDF). hollywoodandhighland.com. Retrieved February 28, 2016.  ^ metro.net | Transit Services and Information for Los Angeles County ^ News Home ^ metro.net | Transit Services and Information for Los Angeles County ^ Boxall, Bettina (April 11, 1998). "L.A. Plans to Chip In $90 Million for Oscars Theater Complex". Los Angeles Times. Retrieved 2008-12-18.  ^ Diamond, Jonathan (December 20, 2004). "Year in review: Disney, for one, is happy to see 2004 end, but real estate brokers wish time.." Los Angeles Business Journal. Retrieved 2008-12-18.  ^ Vincent, Roger (February 28, 2004). "Trizec Completes Sale of Multiuse Complex". Los Angeles Times. Retrieved 2008-12-18.  ^ McGreevy, Patrick (September 21, 2002). "City Extends Hollywood-Highland Pact". Los Angeles Times. Retrieved 2008-12-18.  ^ jwilliams (April 17, 2007). "Here It Is... Your Ugliest Building Winner". Curbed LA. Retrieved 2008-12-18.  ^ Forbes, Laurie (November 29, 2011). "CIM Finalizes Sale of Hollywood HQ to Hudson Pacific". CoStar Group. Retrieved March 3, 2011.  ^ Hollywood & Highland Center - Press Releases


External links[edit] Hollywood and Highland Loews Hollywood Hotel El Capitan Theatre Grauman's Chinese Theatre CIM Group v t e Greater Hollywood Districts and neighborhoods Beachwood Canyon Cahuenga Pass Colegrove East Hollywood Hollywood Hollywood Dell Hollywood Hills Laurel Canyon Little Armenia Melrose District Melrose Hill Nichols Canyon Outpost Estates Spaulding Square Thai Town Whitley Heights Yucca Corridor Points of interest Dolby Theatre Griffith Park TCL Chinese Theatre Hollywood and Highland Hollywood Boulevard Hollywood Sign Walk of Fame La Brea Tar Pits Pantages Theatre Sunset Bronson Studios Sunset Gower Studios Neighboring cities and communities Beverly Hills Universal City West Hollywood LA Regions Crescenta Valley Downtown Eastside Harbor Area Greater Hollywood Northeast LA Northwest LA San Fernando Valley South LA Westside Wilshire Mid-City West Mid-Wilshire v t e Shopping malls in California Northern California Alameda Bay Street Emeryville Bayfair Center Eastmont Town Center Fremont Hub NewPark Mall Oakland City Center Pacific Commons Rockridge Market Hall Skywest Commons Southland Mall Stoneridge Shopping Center Union Landing Shopping Center Westgate Center Contra Costa Abella Center Broadway Plaza El Cerrito Plaza Hilltop Mall Macdonald 80 Shopping Center Pacific East Mall Somersville Towne Center Sunvalley Shopping Center Willows Shopping Center Fresno Fashion Fair Mall River Park Marin Mall at Northgate Town Center at Corte Madera Village at Corte Madera Monterey Del Monte Center Northridge Mall Sacramento Arden Fair Mall Downtown Commons Florin Mall Florin Towne Centre Sunrise Mall San Francisco Metreon Stonestown Galleria Union Square Union Street Stores Westfield San Francisco Centre San Mateo Hillsdale Shopping Center Serramonte Center Shops at Tanforan Westlake Shopping Center San Joaquin Sherwood Mall Weberstown Mall West Valley Mall Santa Clara Eastridge Great Mall of the Bay Area Mayfield Mall PruneYard Shopping Center San Antonio Shopping Center Santana Row Stanford Shopping Center Sunnyvale Town Center Vallco Shopping Mall Westfield Oakridge Westfield Valley Fair Westgate Mall Sonoma Coddingtown Mall Montgomery Village Santa Rosa Plaza Elsewhere Bayshore Mall Capitola Mall Chico Mall Vintage Faire Mall Visalia Mall Westfield Galleria at Roseville Yuba Sutter Mall Southern California Los Angeles Los Angeles Proper Baldwin Hills Crenshaw Plaza Beverly Center Brentwood Country Mart El Mercado de Los Angeles Farmers Market FIGat7th Grove at Farmers Market Hollywood and Highland Center Promenade at Howard Hughes Center West Hollywood Gateway Project Westfield Century City Westside Pavilion San Fernando Valley Americana at Brand Burbank Town Center Crossroads of the World Commons at Calabasas Fallbrook Center Glendale Galleria Northridge Fashion Center Sherman Oaks Galleria Universal CityWalk Westfield Fashion Square Westfield Promenade Westfield Topanga Elsewhere Antelope Valley Mall Cerritos Towne Center Del Amo Fashion Center Eastland Center Edgemar Fisherman's Village Hawthorne Plaza Shopping Center Lakewood Center Long Beach Plaza Los Cerritos Center Malibu Country Mart Old Pasadena Paseo Colorado Plaza México Plaza West Covina Puente Hills Mall Quad at Whittier Santa Monica Place Shops at Montebello South Bay Galleria SouthBay Pavilion Stonewood Center Third Street Promenade Westfield Culver City Westfield Santa Anita Westfield Valencia Town Center Whittwood Town Center Orange Anaheim GardenWalk Anaheim Plaza Bella Terra Brea Mall Buena Park Downtown Downtown Disney Fashion Island Irvine Spectrum Laguna Hills Mall MainPlace Mall The Market Place Outlets at Orange Shops at Mission Viejo South Coast Plaza Village at Orange Westminster Mall Riverside Desert Fashion Plaza Galleria at Tyler Main Street Pedestrian Mall Moreno Valley Mall Promenade In Temecula Westfield Palm Desert San Bernardino Barstow Mall Carousel Mall Citrus Plaza Inland Center Mall of Victor Valley MetroCentre Mall Montclair Plaza Ontario Mills Redlands Mall Victoria Gardens San Diego Chula Vista Center Fashion Valley Mall Grossmont Center Las Americas Premium Outlets Otay Ranch Town Center Parkway Plaza Seaport Village Westfield Carlsbad Westfield Horton Plaza Westfield Mission Valley Westfield North County Westfield Plaza Bonita Westfield UTC Ventura Collection at RiverPark The Oaks Pacific View Mall Simi Valley Town Center Elsewhere Imperial Valley Mall La Cumbre Plaza Valley Plaza Mall Retrieved from "https://en.wikipedia.org/w/index.php?title=Hollywood_and_Highland_Center&oldid=813018169" Categories: Landmarks in Los AngelesShopping malls in Central Los AngelesShopping malls established in 2001Buildings and structures in HollywoodTourist attractions in Los AngelesHollywood BoulevardHidden categories: Coordinates on Wikidata


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