With all of the recent attacks on developers by NIMBYs (Not-in-my-backyard) who don’t want to see growth, I thought I would provide a case study on the positive aspects of new development.

Columbia Square is a perfect example. This $450-million, 700,000-sq.ft., mixed-use project by Kilroy Realty will have an “outsized” positive impact on Hollywood.

One of the most historic buildings on Sunset Blvd., Columbia Square was the West Coast home of CBS for many years. Built in 1938, it originated such shows as Jack Benny’s Lucky Strike Program, the Adventures of Ozzie & Harriet, and The Swan Show starring George Burns and Gracie Allen. When CBS moved their studios out of Hollywood in 2007, its future was in question.

Now, thanks to the work and investment of Kilroy Realty Corp., Columbia Square is shining once more. The historic buildings have been restored and renovated as the L.A. hub for Neuehouse, a New York-based creative workspace collaborative. Acclaimed New York architect David Rockwell, who also designed the interior of the Dolby Theatre, designed the space. Architectural Digest gave the facility glowing reviews in January.

Writer Mayer Rus said of the space “If you’d like a window into the leading edge of creative work (and play) spaces in 2016, you need look no further than the recently completed NeueHouse Hollywood, the West Coast counterpart to the original Manhattan office hub for the so-called creative class. …the L.A. complex boasts a few attributes its Gotham forebear cannot claim: a building with an impeccable modernist pedigree; a site with a long and compelling history in the production of popular American culture; and the kinds of amenities one can enjoy only in a heavenly Mediterranean climate.”

Rus continued in the Architectural Digest article that “there are a number of restaurant and lounge experiences, including alfresco dining on the roof terraces – in facilitating discourse and comfort in the workplace.”

Not only has the historic building been preserved, which benefits the community enormously, but it is a place that visitors and residents can patronize and enjoy. Several restaurants have or are in the process of opening, including Rubies + Diamonds, Sugarfish, Sweetgreen and Paley.

Also preparing to move into Columbia Square is Viacom. CEO Philippe Dauman recently discussed the pending move into 180,000-sq.ft. of space with the L.A. Times. He noted that this will become the headquarters for their West Coast media networks and home base for about 700 employees from MTV, Comedy Central, VH1, BET, Spike, TV Land and Logo. It will provide them with new production stages, a lot of shooting space and a rooftop area for shoots with views of the Hollywood Sign. He noted that the Hollywood facility will be the largest mobile content studio in the industry.

Besides Viacom, Kilroy has announced that Fender Guitar has leased 40,000-sq.ft. and will be moving their headquarters from Scottdale, Arizona, to Hollywood. These will be new, high quality jobs for Southern California and Hollywood.

After the loss of dozens of entertainment firms over the past 20 years, the announcements by Viacom and Fender Guitar send a great message that Hollywood is back. However, of even greater import is bringing more than 700 quality jobs to the community. Hollywood has an opportunity to show that with smart growth, it is possible to grow a community with balanced jobs and housing. We are building both. We currently have 1,800 housing units under construction and more in the pipeline. In addition, there are several hundred thousand square feet of office space in development as well as several hotels.

This balance of different uses is what makes the revitalization of Hollywood so exciting. Locating jobs and housing in close proximity with nearby entertainment options and shopping are especially attractive to the Millennials who are locating here. When you consider the compact nature of Hollywood which makes it walkable, as well as its transit connectivity, one begins to see how growth can and should occur to make a community livable.

Due to this single project, we will see the preservation of a historic landmark, hundreds of construction jobs, hundreds more permanent jobs, new opportunities for dining as well as outstanding architecture. It is a win-win for the community. And it would not have been possible without the vision and investment of a developer.

Let’s keep this in mind when next you hear the negative attacks against development.

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Leron Gubler has been serving as the President and CEO of the Hollywood Chamber of Commerce for the past 24 years. His tenure since 1992 continues to oversee the great comeback story of Hollywood