Posted November 11, 2018 09:08:10The real estate mogul is the architect of a massive new luxury housing complex in the heart of downtown Los Angeles, which could be his biggest project yet, according to his construction team.
Trump is now set to unveil his plan to build a $1 billion mixed-use project in the former Paramount Theatre on the banks of the Hollywood River.
The project is set to become the second-largest mixed-income housing development in Los Angeles after a new $1.2 billion office tower, according the Associated Press.
The site, which sits just north of downtown LA’s downtown, is on the southern edge of the sprawling Hollywood District.
The complex would be built on top of a three-story building, which would include a 500-room hotel and condominiums.
Trump’s team said the project would include 1,200 units of affordable housing, as well as a mixed-used, mixed-retail, and retail component.
The Hollywood District, which stretches from Sunset Boulevard in the north to the Pacific Ocean in the south, is home to the Hollywood Casino, The Beverly Hilton, and other entertainment properties.