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Hollywood Seediness Fades as Developers Remake Entertainment Hub

Aug. 23 (Bloomberg) — Hollywood, a Los Angeles area once so decrepit that Julia Roberts walked a streets as a prostitute in a film “Pretty Woman,” is now undergoing a biggest swell of genuine estate construction in roughly 4 decades.

Developers are building about 1.1 million block feet (102,000 block meters) of offices, sell space and apartments, and will start construction of an additional 1.42 million block feet within a year, pronounced Brian Folb, co-owner of Paramount Contractors and Developers, a Hollywood-based builder and skill manager. Demand from a media, party and record industries are pushing projects by companies including

Article source: http://www.sfgate.com/business/bloomberg/article/Hollywood-Seediness-Fades-as-Developers-Remake-3810435.php

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