New Hollywood High Rise Commercial Real Estate Developments at Earthquake Risk

Posted January 22, 2014

In Apartments, California, Commercial, development, Los Angeles, net lease, nnn, real estate, Santa Monica

New California geological maps released last week show that several new Hollywood commercial real estate developments are within the 500′ fault zone if not right on top of the fault line.

The new maps show the Hollywood fault, which runs from Atwater Village and Los Feliz through a redeveloping section of central Hollywood and then west along Sunset Blvd.

California state law requires that any new development site within the fault zone undergo extensive underground seismic testing to determine if the fault lies underneath. California state law prohibits building on top of active faults.

At risk are the new Millennium Hollywood project and the Blvd 6200 development currently under construction. Los Angeles city officials acknowledged that they had been using out of date fault maps and have since been using the newer maps.

http://www.latimes.com/local/lanow/la-me-ln-hollywood-developments-straddle-quake-fault-maps-20140108,0,4483475.story#ixzz2pr1dyrea

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