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HOLLYWOOD-Property owners Millennium Partners and Argent Ventures have unveiled plans for a mixed-use development of up to one million square feet with the iconic Capitol Records Building as its centerpiece. The developers say that, for the purpose of environmental review of the proposed project, the conceptual plan includes a development with up to approximately 492 residential units, 200 luxury hotel rooms, 250,000 square feet of class A office space that includes the Capitol Records Tower and Gogerty Building, 35,000 square feet of restaurant space, 40,000 square feet of sports club use, and 15,000 square feet of retail space in two structures that could be as tall as 585 feet. The specific numbers, heights, and uses may change in the final project, “but they are being put forth in order to assess the worst-case environmental impacts,” the developers say in an announcement regarding the proposed project.

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