Millennium Hollywood Project Presses Forward

According to CBS Local, on Tuesday, Millennium Partners submitted the findings of a fiscal study detailing the projected impact of its acclaimed Millennium Hollywood Project.  The study follows an environmental impact report released in October of last year.  While public hearings are still underway, several prominent business leaders have endorsed the project, and its future looks bright.  Once completed, the project will boast a staggering 492 residential units, 200 luxury hotel units, 215,000 square feet of office space, 34,000 square feet of restaurant space, 35,100 square feet of sports club space, 15,000 square feet of commercial retail space, and approximately 2,000 parking spaces.  Additionally, it is projected that the project will create 2,915 construction jobs, and 1,257 permanent new jobs.  The project reinforces a positive outlook for L.A.'s economy, and its success will undoubtedly help to spur future growth and development.