The block-long stretch along Sunset Boulevard - and the original location of Warner Brothers Studios - would have a 13-story office tower, five-story production facility, and seven-story parking structure. Developers of the Hollywood property also want to renovate the Colonial-style mansion. From Curbed L.A.:
Hudson Pacific Properties bought the site, which takes up the block of Sunset Boulevard, between Van Ness and Bronson avenues from Tribune in late 2007/early 2008 for $130 million. When still owned by Tribune, KTLA planned a large expansion of the site, an $80 million renovation that called for adding two towers--a 16-story and 20-story office tower--on the block, plans that obviously never materialized.
No word about financing, though it looks like the proposal is at an early stage.

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   Mark Lacter created the LA Biz Observed blog in 2006. He posted 
until the day before his death on Nov. 13, 2013.
Mark Lacter created the LA Biz Observed blog in 2006. He posted 
until the day before his death on Nov. 13, 2013.