HOLLYWOOD — It may not have been the most glamorous of times, but the Hollywood sign has become a fixture of the real estate scene in the past couple of years.
The property was added to the National Register of Historic Places in 2011 and has been in various states of restoration.
It’s been in the news again recently as the real-estate developer who bought the sign is now moving into a building in Santa Monica.
The real-name of the developer, Andrew Zappos, bought the property from former owner William C. Siegel for $1.1 billion in February.
Zappo is an independent real- estate developer based in New York.
He was originally an investor in the iconic Beverly Hills Hotel, which is now home to the Ritz Carlton and The Beverly Hilton.
Zartos says he bought the building because it has the right amount of character.
He says the property is about $300 million in value, and he plans to bring the buildings interior and exterior renovations to a high-end level. “
I’m going to continue to keep the history of the sign, but we’re going to make it an attractive place to live.”
He says the property is about $300 million in value, and he plans to bring the buildings interior and exterior renovations to a high-end level.
The sign has been under construction for several years and is one of several real estate projects that are expected to bring a sense of style to Hollywood.
It is also the property of the legendary director John Ford, who died in April of a heart attack.
He left behind a sprawling mansion and a number of mansions in the Los Angeles area.