Often used as a synonym for Los Angeles, Hollywood can now be considered a world-class neighborhood. Hollywood has now undergone an amazing gentrification and revitalization with the goal of urban density in mind. Many developments have been completed, typically centered on Hollywood Boulevard. The Hollywood and Highland complex (site of the Kodak Theater), has been a major catalyst for the redevelopment of the area. In addition, numerous fashionable bars, clubs, and retail businesses have opened on or surrounding the Boulevard, returning Hollywood to a center of nightlife for Los Angeles. Some older buildings have also been converted to lofts and condominiums and are popular with the young Hollywood entertainment crowd.

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