UPDATE: Hollywood Hotel Receives L.A. City Council Approval
As reported in our last edition of “Development Rights,” JMBM land use attorney Sheri Bonstelle represented client Jeffrey Records, chairman and CEO of Mid First Bank, in gaining approval from the Los Angeles City Planning Commission for a new luxury boutique hotel in the historic Security Pacific Bank Building in the heart of Hollywood’s entertainment district. The Los Angeles City Council subsequently approved the project entitlements in February 2010.
According to architect Rottet Studio, the new hotel will reflect Hollywood’s Golden Age with its myriad of classic features, beginning with a grand entrance and porte cochere (illustrated in the accompanying photo). The hotel will feature a total entertainment experience that begins with casual refreshments in the roof-top bar and café with sweeping views of the Los Angeles skyline, continues with a sumptuous feast in the project’s elegant dining room at ground level, and ends with live entertainment in the hotel’s nightclub located in the original subterranean bank vaults. A construction commencement date for the hotel has not yet been set.