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Council Approves $2B Hyatt Project

CENTURY CITY, CA-The Los Angeles City Council has voted unanimously to approve Next Century Associates' redevelopment project for the Hyatt Regency Century Plaza Hotel here.

By Carrie Rossenfeld | Updated on January 17, 2013

(Save the dates: RealShare Apartments East comes to the Hyatt Regency in Miami, FL, on February 26, and RealShare Los Angeles comes to the Hyatt Regency Century Plaza in Los Angeles, CA, on March 27.)

CENTURY CITY, CA-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that the Los Angeles City Council voted unanimously this week to approve Next Century Associates‘ $2-billion transformative redevelopment project at the Hyatt Regency Century Plaza Hotel here. The project is expected to generate more than 3,500 construction and permanent jobs and substantially increase tax and sales revenues to the City.

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