JOINT PRESS RELEASE – The Office of Councilmember David Ryu & CGI
HOLLYWOOD, CA — After thorough consideration and in consultation with Councilmember David Ryu, CGI announced today that it has decided to withdraw its plans to operate Villa Carlotta as a hotel. The decision was made in response to extensive community input. The collaborative, community-centric, and responsive approach from the developer CGI sets a precedent for future developments in the Fourth Council District.
CGI purchased the historic 1926 property in 2014. In February 2016, CGI filed an application with the City of Los Angeles to operate the building as a boutique hotel and initiated the environmental review of that proposal. The application has now been withdrawn from consideration by the City.
“I am grateful for the developer’s decision. In the Fourth Council District our goal is to create and preserve great neighborhoods,” said Councilmember David Ryu. “During my campaign for office, I pledged to protect Villa Carlotta and honor its rich history. My staff and I worked hand-in-hand with the Hollywood United Neighborhood Council, Beachwood Canyon Neighborhood Association, and former residents of Villa Carlotta to ensure that dialogue and community outreach was prioritized. Working with the tenants through this process has reaffirmed my commitment to protecting tenants’ rights. We appreciate the opportunity to work with CGI to mitigate community concerns and recognize its decision to withdraw the application for the requested entitlements. Our work together will restore this cultural monument as well as preserve the character of this neighborhood.”
“We appreciate all the feedback that we have received during this process, especially the constructive comments from Councilmember Ryu and his staff along with our neighbors in the Hollywood community,” said Gidi Cohen, founder and CEO of CGI. “As stewards of this beloved local treasure, we appreciate the importance of Villa Carlotta to its neighbors and the Hollywood community, as well as its place in Los Angeles’ history. We intend to honor and celebrate that legacy by meticulously working to return the building to its original grandeur. Doing so will allow this Hollywood landmark to be cherished by future generations.”
The renovation of the historic landmark will continue with completion expected mid-2017. The future use of the building is yet undetermined at this time; however, CGI will continue conversations with the City and community to identify the next chapter in Villa Carlotta’s storied history.