Written by: Johanna De La Fuente
According to the “Park La Brea News,”  after eight years of discussion, the Los Angeles city council passed the community plan for the development of skyscrapers in Hollywood on June 19th.

The plan will boost commercial and residential real estate development in Hollywood, while also preserving its historical landmarks. It will also provide rules and regulations on future transportation options, as well as the aim to increase developments near public transportation systems.

In the last few years, Hollywood has seen a 35% decrease in population. Yet, The Southern California Association of Governments has made advanced assumptions that there will be a rise in Hollywood’s population.  The Census, however, has predicted another decline in population in the upcoming years.

Business and population density entering Hollywood would be beneficial in many ways to the city, such as the creation and transformation of shops and markets, which will also promote traveling without the need for a car.

“The plan will provide forward momentum to keep Hollywood on its path to revitalization… it will be beneficial to lawmakers, community leaders, investors, property owners and other decision makers in determining what kind of retail, housing and jobs to bring to Hollywood.”   – Kelly Morrisson

Eklipse’s hot listing, located at 736 N. June Street, 90038 has attracted many buyers looking to live in Hollywood. It is a 2 bedroom, 2 bathroom home. Check out the property at www.NewVillaFrancesca.com. The listing agent is Phillip Braunstein.