Stacked, Boxy Tower to Rise in the Civic Center
Since spinning off its struggling publishing division, Tribune Media Company has gone to work monetizing its national real estate portfolio. The Chicago-based corporation made one of its first moves in Los Angeles last month by filing plans to redevelop a parking lot near the Los Angeles Times Building as a mixed-use tower. The proposed development, which would sit atop Metro’s future 2nd/Broadway Station, calls for the construction of a 30-story building featuring 107 condominiums, 534,000 square feet of commercial offices and approximately 7,200 square feet of ground-level retail space.