Hollywood’s Grande Dame Gets 10-Story Office Tower

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News Conference to Announce Plans for Famed Pantages Theatre

Original plans approved by City of LA in 1929 are now set to be complete
    HOLLYWOOD, Calif., Dec. 6 /PRNewswire/ —

    WHAT:      After nearly 80 years, Hollywood's premier landmark, the
               palatial Art Deco-styled Pantages Theatre will finally be
               completed with an office tower as envisioned by B. Marcus
               Priteca, its original architect. Hollywood Boulevard’s Pantages
               Theatre was the last and largest built for impresario Alexander
               Pantages, and it was a victim of the Wall Street Crash of 1929.
               Priteca’s original plans for the theatre-and its 10 story
               office tower-were stamped “Approved” on May 24, 1929 by the
               City of Los Angeles Board of City Planning Commissioners.
               These plans will become the basis for the project's
               Environmental Impact Report that will be submitted later this
               month.

    WHEN:      Thursday, December 6, 2007
               News Conference             10:00 a.m.
               Light lunch / Interviews    10:45 a.m.

    WHERE:     LOS ANGELES CITY HALL — TOM BRADLEY TOWER, 26TH Floor
               200 N. Spring Street, Los Angeles, CA

    WHO:       The Clarett Group and James Nederlander are seeking entitlement
               to complete the 10 story, 200,000 square foot Pantages Office
               Tower. Clarett is also the developer of Blvd6200, Hollywood's
               largest mixed-use development.  The Pantages is the centerpiece
               of the seven acre parcel that is owned by The Nederlander
               Organization. The Pantages Office Tower will be a spec
               development, and Blvd6200 will be developed with private
               funding.

               Speakers:
               Frank Stephan, Senior Managing Director, The Clarett Group (MC)
               Veronica Hackett, Managing Partner, The Clarett Group
               Hon. Eric Garcetti, City of Los Angeles City Council President
               David Green, The Nederlander Organization

    PHOTO OPs:
            — Unfurling of the original 1929 plans for the Pantages Office
               Tower
            — Unveiling of the giant mural depicting the Pantages Theatre
               crowned with a 10-story office tower

    CONTACTS:  Miya A. Walker | Ron Demeter | Glenda Vaquerano
               MWW Group for The Clarett Group
               213-486-656
SOURCE The Clarett Group

 © 2007 PR Newswire. All Rights Reserved.

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