by Joe Killinger
A small-box retailer operates their business very much the same as their larger counter parts but utilizes less square footage. This means that they don’t need as much space for their products and therefore have a lower rent and fewer staff to deal with which equals a lot less overhead.
Read MoreDeveloper Kilroy Realty is preparing to begin work for the Academy, the Los Angeles-based developer's latest mixed-use complex in Hollywood. An informational sign that has been placed at the project site now indicates that demolition, shoring, and grading activities are imminent.
The proposed development, slated for a 3.5-acre site at 1341 N. Vine Street, would consist of multiple high-rise and mid-rise structures, containing up to 250 apartments, 235,000 square feet of office space and 37,000 square feet of street-level commercial space.
Local architect Joey Shimoda is designing the mixed-use development, which will be highlighted by a 23-story tower at the northwest corner of the property.
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