LOS ANGELES—This summer, despite much opposition, the L.A. City Council gave its final approval to a new zoning code that could dramatically change the appearance and general feel of the city's neighborhood landscape. The Hollywood Community Plan, approved on a 13-0 vote, changes some floor-area-ratios that will allow for taller buildings. So, should we expect skyscrapers to soon dominate the area?

Holly Schroeder, the executive officer of the L.A./Ventura Chapter of the Building Industry Association, tells Real Estate Forum that “The plan serves the city's overall goal of addressing density near transit areas.” In a positive way, she says, “the plan will provide increased certainty about how future development will benefit both builders and the community.”

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