Gatehouse Starts A Multi-Use Project : Real estate market in Hollywood is now interested in the restoration of dilapidated and neglected properties. Developers and investors are concentrating on creating new residential and retail projects by renovating neglected office buildings, residential homes and apartment buildings.

Dallas based Gatehouse Capital Corp. is a real estate investment and advisory services firm that develops mixed use projects and hotels. It has finally started the construction of the prestigious W Hollywood Hotel Project. This is a multi use project consisting of hotel, condos and retail space. It is being developed at the intersection of Hollywood and Vine near the on-site transit station. It is being built at an estimated cost of $600 million and is one of the largest real estate projects in California that is being financed by a private firm.

Earlier known as Hollywood and Vine project, W Hollywood hotel project is a part of rehabilitation developments that are being done in Hollywood. Speaking on the news, Gatehouse Capital's president and chief executive officer Marty Collins has said that the main objective of this development would be to transform a once dilapidated area into a premier commercial zone.

The firm is planning to complete the central 305 room W Hollywood Hotel by 2009. Apart from the hotel, the project would also consist of 143 condominiums, 375 luxury apartments and almost 50,000 square feet of retail space available for sale or rent. Gatehouse Capital has agreed for a partnership with Connecticut based HEI Hospitality LLC for the development of the hotel.

More info on your stop foreclosure information search:

Get Free Foreclosure Advice and Free Refinance Quotes
Get your free on-line foreclosure refinance quote and free advice from foreclosure mitigation specialist in minutes. Compare real offers from top national subprime and hard money lenders... more...

Property for Sale in Australia
One of the most beautiful area on the planet, locations in Australia just never ceases to charm. Having thousands of miles of coastline, and almost entire Australian people living along the seashores, the country is rich in aquatic features and some of the world famous tourist attractions. A vast ... more...

Idiot Proof Pricing Las Vegas Residential Real Estate in a Buyers Market
The Price Is Right isn't just a television game show. The term applies to Las Vegas residential real estate too. In fact there are those who believe proper pricing is the critical aspect of marketing any piece of Las Vegas real estate. Price it right and your home sells in weeks rather than months. ... more...

Property Market Overview 2006
In 2006 the City and Docklands residential market experienced the highest rate of price increases since the dot.com boom of 1999-2000, with prices up by 22% in the City and 26% in Docklands (Figure 1), compared to a national average rate of around 9%. This built on growth in 2005, such that prices ... more...

Buying Repo House For Sale - 5 Things To Be Considered
Do you have a not-so-big budget but you want to purchase a residential property? Then worry no more! Repossessed homes or repo houses for sale can be the answer to all your uncertainties. They can be obtained at a fraction of their actual market price. Repo houses are residential properties ... more...