1601 North Vine Street will be the first Class A high-rise office building built in Hollywood in the last 10 years. Designed for the entertainment industry, the building will have 7 stories of modern offices; a penthouse office suite adjoining an outdoor patio; and a first floor lobby that will feature a first-class restaurant. Additionally there will be 3 floors of underground parking. The building is slated to break ground in early 2009.