CIM Breaks Ground on Sunset Projects

WEST HOLLYWOOD, CA-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that CIM Group has begun demolition at two development sites on Sunset Blvd. at La Cienega Blvd. to start construction for its hotel development at 8490 Sunset Blvd. and its residential development at 8500 Sunset Blvd. The sites have a total square footage of roughly 500,000 square feet and are conveniently located near the Sunset Strip.

The four-star hotel project will comprise approximately 290 rooms in two 10-story towers set on a two-acre parcel on the southeast corner of the intersection. The residential project, composed of approximately 190 residences in two eight-story towers with street-level retail, sits on the two-acre site across La Cienega Blvd. on the southwest corner of the intersection.