Hollywood Park Kicks Off With NFL, Gambling Mixed-Use Apartments
Get ready for professional football, table games, horse racing and apartment living all in one site in Los Angeles, reports Yardi’s Balance Sheet blog.
“Designer HKS and developer Hollywood Park Land Company are changing the face of mixed-used facilities,” writes Erica Rascon. “After more than a decade of anticipation, the 238-acre Hollywood Park project is finally underway with gusto. Ground broke back in 2014. It stalled and crawled until 2016. This year ushered in new developments.”
Two sports teams will call Hollywood Park home. Though not officially confirmed, USA Today reports that the Chargers will join the Rams at the stadium in 2019.
The 3 million square foot mixed-use property will include 620,000 square feet of retail space, and an unconfirmed quantity of townhomes and apartments, and a luxury hotel with stunning city views.
Residents and guests will also have access to a new casino. The former Hollywood Park Casino will be demolished this October and replaced with an 110,000 square-foot facility. The JCJ Architecture design will include 125 card game tables, simulcast wagering, a lounge, a café, and a Century Bar & Grill sports bar.