Merit Contracted to Provide Property Management Services for Hollywood Park Mixed-Use Development

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"Hollywood Park is an exciting project to align with and we are thrilled to be selected by Wilson Meany as their management partner," said Robert Cardoza, Merit's Chief Executive Officer.

Los Angeles, CA (PRWEB) June 19, 2012

Merit Property Management, a FirstService Residential Management company, has been chosen to provide property management services for the projected 3,000 units to be built at Hollywood Park, the new master-planned mixed-use development in the Inglewood area of Los Angeles.

"Hollywood Park is an exciting project to align with and we are thrilled to be selected by Wilson Meany as their management partner," said Robert Cardoza, Merit's Chief Executive Officer. "To be an integral part of an exciting development like Hollywood Park – one that will surely become an iconic addition to the area and offer great social and economic value to the city – is an honor that we truly appreciate."

Brandon Tryon, Merit's Director of Forward Planning, added, "Our consulting team has already begun working with the developer on the initial readiness planning for the community – a plan that will effectively deliver and sustain the community's vision."

Conveniently located three miles east of the Los Angeles International Airport, Hollywood Park, formerly a thoroughbred racetrack, is the largest undeveloped parcel of land in the Greater Los Angeles area. The project is currently in the planning stages and is tentatively scheduled to begin site development in late 2012 or early 2013. Upon completion of land use entitlements, the existing racetrack will cease operations to make way for the new community. The 238-acre site will be transformed into a unique master-planned mixed-use development to include 3,000 residential units; 620,000 square feet of retail space; 300 hotel rooms; a 120,000 square foot casino; 25,000 square feet of office and commercial space; and 10,000 square feet of community services and amenities.

About Merit
Since 1980, Merit has grown to be one of the foremost providers of professional community association services in the Western States, with ten regional offices throughout California. Merit specializes in the forward planning and management of master planned, single family home/condominiums, active adult, and urban high- and mid-rise communities. http://www.meritpm.com

Voted "Best Companies to Work" 2009, 2010, 2011 as recognized by the OC Business Journal.

Merit is a subsidiary of FirstService Residential Management (FSR). FSR is the largest manager of residential communities in North America, overseeing more than 5,600 properties and over 1.3 million residential units.

FSR is a subsidiary of FirstService Corporation, a global leader in the rapidly growing real estate services sector, providing a variety of services in commercial real estate, residential property management and property services. More information about FirstService is available at http://www.firstservice.com.

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