Ovation Hollywood mall lifts curtain on $100 million renovation

In Hollywood, there East always A second act.

For Ovation Hollywood, A decades old purchases center imminent In THE heart of Tinseltown, This East It is third act.

THE mammoth 475,000 square feet retail And entertainment location has A history past.

Initially known as Hollywood & Mountains, he was built by Trizec Properties Inc. And open with a lot fanfare In 2001 has help turn around A neighborhood prey with crime that was deter tourists Since to visit sites such as THE historical TCL Chinese Theater And THE Hollywood To walk of Fame.

THE iconic 1927 movie theater, located following has THE purchases complex, East A popular draw For tourists research For covered with cement hand prints of famous movie stars, such as Humphrey Bogart, Marilyne Monroe, Franc Sinatra And Clint Eastwood. Close East THE Dolby Theater, House has THE legendary Academy Rewards.

But THE Hourly of THE new mega purchases center was disabled. When THE project open In 2001, THE WE. was In THE medium of A recession. Month later were THE Seven. 11 attacks on THE World Trade Center In New York City, THE Pentagon out of Washington, D.C., And THE accident landing In Shanksville, Pennsylvania. Tourism dropped. Retail sales piqued. And Hollywood & Mountains had a hard time.

Three years later, Trizec sold THE property, once estimated has $650 million, For $200 million has THE ICM Band, A The bone Angeles developer. THE ICM Band do A little improvements, but retail traffic was always A challenge And purchases centers became less popular When online sales took off.

In 2019, look Capital UNITED STATES, A affiliate of look Capital The partners In Hong Kong, bought Hollywood & Mountains For $325 million with DJM Capital The partners Inc., A san Jose private real domain equity And development farm that rehabilitates trouble properties.

After to study THE purchases complex And TO DO a few major redesigns, THE new the owners to have raised THE curtain on their $100 million, Three years remodel do with san Based in Francisco architectural farm Gensler.

"A primary And important stage was has to start with THE design," said Dan Lee, manager director of investments has look Capital UNITED STATES, which Also renovated THE close Hollywood Roosevelt hotel, THE site of THE First of all Academy Price In 1929 And A popular night life place. "THE to focus was always; how TO DO We create A amazing Court And A amazing city center that would be be very victims of trafficking?"

When he open more that 20 years There is, THE Hollywood & Mountains center had A Court surrounded by A band of stores look out has A concrete area with A water Fountain of which beaks pink Since THE ground. Dominant THE Court was A imposing camber with Babylonian pictures in parentheses by two huge gray and white fiberglass the elephants rising on their behind legs. THE ancient pictures replica A scene Since THE 1916 D.W. Griffith movie “Intolerance.”

THE imagery was spectacular And LEFT visitors feeling as if they were inside A movie together. But Griffith reputation as A racist For her previous movie "THE Birth of A Nation" directed reviews on THE years has call For THE Babylonian art has be concerning...