The Millenium Hollywood Project has been approved by the Los Angeles City Council but the $665 million development still faces numerous hurdles before construction can begin.

The development would feature a pair of 35 and 39 story towers with 461 residential units, 254 hotel rooms, 250,000 square feet of office space and an additional 80,000 square feet of retail space. The pair of glass clad towers along Vine and Yucca would be the largest buildings in the area and their size would dwarf the 13-story Capitol Records building which has angered preservationists and community groups worried about the skyline and additional tenant traffic.

The project has also come under fire from it’s location which is close to an active earthquake fault and the California Geological Survey has begun a study to determine whether the project is within the fault zone. Current guidelines make it illegal to build habitable buildings within 50 feet of an active fault and if it is determined to be within that zone, the entire project could come to an abrupt halt.

Despite the concerns, the project received preliminary approval in March from the city’s planning commission pending further review.

We’ll keep you updated on the project’s progress and what the infusion of 250,000 square feet of new office space could mean for the Hollywood area if developers get the green light to proceed.

Photo by: ROSS HONG KONG