New Complex Coming to Hollywood

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One of the largest developers in China, Gemdale Corp., is partnering with Century City’s LaTerra Development to build a $125-million apartment and shopping complex in Hollywood, the Los Angeles Times reports. Gemdale hopes to capitalize on the demand for rental housing in Hollywood with plans to build more than 200 apartments – possibly renting for around $2,000 a month – over street-level shops on Western Avenue.

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