LOS ANGELES—Hollywood is certainly undergoing a renaissance, complete with major office development and massive residential development and redevelopment that will change the market dramatically over the next decade. However, some developers are being deterred from the market because of unclear zoning and a lengthy entitlement process that is both time consuming and costly.

In an earlier story, GlobeSt.com reported that Champion Real Estate sold 1.75 acres of land for $39.9 million, a record price. The land was originally slated in for development, but the firm changed their business plan after going through the entitlement process. “After we got our approvals, a court determined that Hollywood’s community plan update, upon which the city required that we designed our project, was thrown out, and as a result, all projects had to go back to the prior community plan, which required us to go back and modify our entitlements,” Bob Champion, president of Champion Real Estate, tells GlobeSt.com. “This whole thing took about a year and a half longer than expected, so when we did receive entitlements, we realized that with all of the resources that we had spent on this property our business had changed. We decided that rather than using the capital to build this project, we would take our profits and use that to further bolster our value-add business.”

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