(For more retail coverage, click GlobeSt.com/RETAIL and toread more on the multifamily market, click here.)

HOLLYWOOD-Gatehouse Capital Corp. of Dallas has kicked offconstruction of its W Hollywood Hotel project, a $600-millioncombination of hotel, retail, condominium and apartment developmentat the intersection of Hollywood and Vine. The development, one ofthe largest privately financed real estate projects in California'shistory, is one of a growing number of projects in the Los Angelesarea that are being designed around transit centers.

The centerpiece of the project is the 305-room W Hollywood Hotelthat is slated for completion in 2009. The development will alsoinclude 143 condominiums, 375 luxury apartments to be developed byLegacy Partners and approximately 50,000 sf of retail space, all ofwhich is within a short walk of an on-site transit station.