The property is the surface parking near Harkins Theater, commonly known as the ‘Uhaul lot’ as it wraps around an existing Uhaul storage facility.
A California developer is asking for $205 million in public incentives on a total investment of $736 million.
The plans call for 3 28 story residential buildings, a lagoon with a large entertainment area that would feature a large video wall, rooftop bars, structured parking for both residents and the public, and another similarly-sized hotel tower.
The Dream Hotel is not included in the amounts referenced because it is ineligible for public incentives due to a convent that Omni forced upon the City when it agreed to build nearby. The hotel would be in the northeast corner of the property and the 3 residential towers would be built along the western edge.
There remain required approvals for the public money, and ultimately City Council will have the final vote.
