INGLEWOOD, Calif. – As passerby’s notice the continuous construction taking place at the new residences at Inglewood’s Hollywood Park site, renderings have been released to showcase how the new 314-unit complex will look upon completion.
The Hollywood Park site lay fallow for years after the closing of the race track. In 2015, the Inglewood city council bypassed voters and approved a reconfiguration of already approved plans to incorporate an NFL stadium which would cap the City’s revenue haul at $15 million annually.
The 298-acre site is the home of the multi-billion dollar SoFi Stadium and the new apartments were constructed as a compliment to the “new” vision for the city of champions.
“The development of our residences was inspired by the abundance of art, culture, and history in Inglewood, resulting in two sophisticated residences that feature purposeful design and one-of-a-kind living,” said Christopher Meany, a partner at Wilson Meany, which is managing the Hollywood Park development. “This was an important element as we began to execute on Mr. Kroenke’s vision for the residential, knowing that Hollywood Park aspires to become top-of-mind for renters seeking storied collections of full-frill units with first-class amenities.”
The apartments are located on the southern end of the property nearest to Century and Prairie where Steve Ballmer is building his nearly $2 billion NBA sports arena, the Intuit Dome, which is scheduled to open in summer 2024.
According to the stadium initiative, in addition to the stadium and new apartments, we will eventually see the proposed 2,500 homes erected on the far east section of the property, nearest to Target, nearly 900,000 square feet of offices, 890,000 square feet of retail space, a 300-room hotel and a police substation.
Commercial tenants at Hollywood Park include the NFL Network, NFL.com, the NFL app, and NFL Redzone, which have leased 290,000 square feet of office space, as well as Three Weavers Brewery, Sky’s Gourmet Tacos, Cinepolis, and Iconix Fitness.
The Wesley and the Crosby, the first two apartment buildings to open on the site, will feature 314 units that are scheduled to begin pre-leasing in January 2023. The developers have yet to disclose what the leasing options and/or rates are but judging these renderings you will need to earn in excess of six figures for consideration.
