Throw another one on that big pile of good news for Hollywood development--the front's been quiet for a while on the huge Columbia Square mixed-use development, but now it's sold and the new owners say they're going ahead with a slightly smaller version of the plans. The project approved in 2010 included a (very controversial) 28-story condo tower, a seven-story hotel, and a 17-story office tower on the site of the old CBS Studios complex at Sunset and Gower. Kilroy Realty Corp. has now picked up the campus and those approvals for $65 million, according to a press release, and intends to build: "At full build-out, the 4.7 acre Columbia Square site in Hollywood will include a mixed-use development of up to 650,000 square feet, reduced from a recently entitled 875,000 square-foot project." According to The Hollywood Reporter, that'll include "three office buildings and a residential tower."
KRC will also preserve the International-style buildings already on the site (designed by Swiss architect William Lescaze and a city landmark); the project will involve architecture firms Roschen Van Cleve, Rios Clementi Hale and House & Robertson. Work on the existing office renovations is set to start in the second quarter of 2013; work on the new buildings will probably start in early 2014.
· Kilroy Realty Buys Entertainment Properties Tribeca West and Columbia Square for $138 Million [THR]
· Johnson Fain-Designed Columbia Square Takes a Step Forward [Curbed LA]