After many years of serious decline, Hollywood is now undergoing rapid gentrification and revitalization with the goal of urban density in mind. Many new developments have been completed, and many more are planned, and several are centered on Hollywood Boulevard itself. In particular, the Hollywood & Highland complex, which is also the site of the Kodak Theater, has been a major catalyst for the redevelopment of the area. In addition, numerous trendy bars, clubs, and retail businesses have opened on or surrounding the boulevard, allowing it to become one of the main nighttime spots in all of Los Angeles. Many older buildings have also been converted to lofts and condominiums, and a W Hotel is planned at the famous intersection of Hollywood and Vine, which will serve to even further revitalize the area.
Source: http://en.wikipedia.org/wiki/Hollywood
No comments:
Post a Comment