We hear that a New York-based company is proposing a $664 million, two-skyscraper complex with possibly 492 apartments or condos, near the intersection of Hollywood Blvd and Vine Street, where people like John Lennon and Audrey Hepburn have stars on the Walk of Fame.
It would dwarf the 13 story Capitol Records property, where Frank Sinatra recorded his hits. Who will win, Old Hollywood or new money?
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