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Developer Maggie Miracle Reveals Plans for $1 Billion Spiral Office Tower on Sunset Blvd, Los Angeles

Developer Maggie Miracle Reveals Plans for $1 Billion Spiral Office Tower on Sunset Blvd, Los Angeles
Traded Media
by Traded MediaShare

A Los Angeles-based real estate developer has unveiled ambitious plans for a groundbreaking $1 billion project named "The Star." Situated on Sunset Boulevard in Hollywood, California, The Star promises to be a striking addition to the city's skyline.

Innovative Design Features

The proposed 22-story building spans an impressive 525,000 square feet and occupies a 2-acre lot. The Star's design, conceptualized by renowned architect Norman Foster of Foster + Partners, incorporates spiraling gardens that ascend along the cylinder tower, culminating in a rooftop restaurant. This distinctive design replaces a previous plan and reflects an investment of double the initial cost.

Aiming for Hollywood's Elite

Targeting Hollywood's top content creators, The Star aims to provide premier office space alongside facilities for dining, entertainment, and cultural events. The strategic location, adjacent to Sunset Gower Studios and near the Hollywood Palladium, further enhances its appeal.

Embracing the Future of Workspaces

Maggie Miracle, CEO of The Star LLC, emphasizes the project's adaptability to the evolving needs of the workplace. With a seamless transition between indoor and outdoor environments, The Star fosters collaboration and innovation. This approach is particularly relevant post-COVID, where emphasis on health and access to open spaces has intensified.

A Shift in Focus

For the developer, primarily known for single-family projects, The Star represents a significant venture into commercial real estate. The acquisition of the property in 2017 for $64.1 million underscores their commitment to transforming Hollywood's urban landscape.

With its visionary design and focus on fostering creativity and community, The Star promises to redefine Hollywood's skyline and serve as a beacon for the future of workspaces.

Published: March 22, 2024

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