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Here's The Giant Development Going Up Across Four City Blocks In Hollywood

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It's hard to drive down a block in downtown Los Angeles and not see construction. However, downtown isn't the only L.A. neighborhood that's booming—Hollywood is seeing it's own crane craze at the moment.

One of the more ambitious projects announced for Hollywood is a three-tower development adjacent to the longstanding Crossroads of the World center.

The plan calls for two residential towers (32 stories/401 feet, and 30 stories/385 feet) as well as a 26-story/364-foot hotel tower along Highland Boulevard.

According to Urbanize LA, the $500-$600 million project is currently slated for a 48-month timeline, and architecture firm Rios Clementi Hale Studios is collaborating with global firm SOM (which recently completed the federal courthouse downtown) on the complex's designs.

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"A well-known local philanthropist, Morton La Kretz is the longtime owner and steward of Crossroads of the World and many of the adjacent properties that form the new development," the project's website claims. "For the past 40 years, Mr. La Kretz has wanted to return Crossroads to its original retail heritage and make it truly the heart of Hollywood."

There's no official date as to when that return to heritage will occur, but the construction could finish as soon as 2022.