HOLLYWOOD-DLJ Real Estate Capital Partners of New York City has acquired BLVD 6200, a project formerly planned by the Clarett Group, also of New York City, which calls for more than one million square feet of apartments and 160,000 square feet of retail space on Hollywood Boulevard. The project is located one block east of the intersection of Hollywood Boulevard and Vine Street, adjacent to the Pantages Theater, on a 7.3-acre site controlled by the Nederlander family. DLJ RECP acquired the project directly from the seller in an off-market transaction, terms of which were undisclosed.

Jay Glaubach, a VP in DLJ RECP’s Los Angeles office, cited “sustained rent growth and strong demand for high-quality apartments” in Hollywood, particularly new units. He said that DLJ RECP will initially develop phase one of the project, consisting of 535 apartments, with 50 of the units designated for moderate-income families. Phase one will also include 75,000 square feet of retail space and over 1,300 parking spaces. No specific date was announced for construction to begin, but DLJ said that it anticipates that demolition and construction of the first phase will commence in the very near future.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.