Gaw Capital launches Hollywood retail project

Gaw Capital with its partner DJM, a private equity real estate developer based in San Jose and Los Angeles, has plans to redevelop the famed shopping center at Hollywood & Highland, which includes a major design update and new name, Ovation Hollywood.

“Hollywood is as much an idea as it is a place,” said Stenn Parton, chief retail officer at DJM. “The idea of Hollywood is optimism — dreams and ambitions feel more tangible when you’re here. Our reimagining of Hollywood & Highland into Ovation Hollywood is about creating a place that captures this idea.”

Upon completion in late 2021, Ovation Hollywood will finally be transformed into a vibrant, mixed-use project that includes 135,000 square feet of retail, two floors of nearly 100,000 square feet of creative office space, 85,000 square feet of dining, 65,000 square feet of entertainment space, and 40,000 square feet of event space. With an emphasis on a refreshed tenant mix and updated merchandising,