LOS ANGELES, August 6th, 2020— Gaw Capital USA, a Hong Kong and Los Angeles-based real estate private equity firm, together with DJM, a San Jose and Los Angeles-based private equity real estate developer, today unveiled their vision and plans for the famed shopping center at Hollywood & Highland, which includes a major design update and new name, Ovation Hollywood.
With its new identity, Gaw Capital USA and DJM are repositioning the property as the spirit of Hollywood, capturing both the city’s unrivaled optimism, hustle and global influence. Moving away from outdated architecture, an uninspired project identity and confusing layout, the revamped Ovation Hollywood will reflect the modern day global city that surrounds it.
“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.”