CEMEX USA, a building materials company that supplies high-quality cement, aggregates and ready-mix concrete, announced today it has supplied 53,000 cubic yards of concrete so far for the “On Vine” development in Hollywood, CA. This massive $450 million mixed-use development includes a three-level subterranean parking garage, four mid-rise commercial office buildings, 355,000 square feet of office space, 13,000 square feet of retail space and a 193-unit residential tower.
Kilroy Realty Corp. began construction on the project in December of 2017. The company has owned the property (which takes up an entire city block) since 2014. Prior to acquisition by Kilroy Realty, the property was planned as the site of the Academy Museum by the Academy of Motion Picture Arts and Sciences which decided to move the museum elsewhere.
“Ambitious developments like this will define the landscape for decades,” said CEMEX USA President Jaime Muguiro. “We take pride in contributing to projects that benefit both large and small businesses and provide exciting new business and residential options in the communities where we operate.”
According to area real estate brokers, there have been roughly $5 billion dollars in new residential, retail and office developments in the Hollywood area since 2000.
“CEMEX is an integral part of Southern California, having provided high-quality cement, aggregates and ready-mix to some of the most iconic projects in the city’s history,” said Eric Wittmann, CEMEX regional president – West Region. “CEMEX is perfectly suited to tackle massive projects like On Vine in Southern California and throughout the state. We are well positioned to help complete these projects and look forward to providing top-of-the-line service and materials that will shape California for years to come.”
Construction for On Vine is nearing completion. The 545,000 square-foot development is expected to be ready sometime in early 2020.