A rendering of the Hollywood & Highland center after a $100-million makeover now underway. Also being removed is a large fiberglass sculpture of a daybed at the end of the “Road to Hollywood” art installation. Hollywood & Highland’s developers intended the replica as a tribute to Old Hollywood, without considering the implications of Griffith’s racist legacy. Cress anticipates that the main office tenant will be a media company looking for a place to broadcast in front of the backdrop of Hollywood Boulevard and interact with the public. DJM and Gaw Capital Partners bought Hollywood & Highland for $325 million in 2019 from Los Angeles developer CIM Group.

Source: Los Angeles Times July 31, 2021 12:00 UTC