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$280-Mil Project Means 'Curtains' for Shubert

LOS ANGELES-Sources tell GlobeSt.com that Trammell Crow will demolish the Shubert Theater and the rest of the ABC Entertainment Center, perhaps as early as next year. Buildings will be replaced with two office towers and retail space.

By David W. Myers | Updated on August 28, 2001

LOS ANGELES-The once-promising Shubert Theater and the rest of the giant ABC Entertainment Center in Century City will be demolished to make way for $280 million worth of new office towers and retail space, local brokers and a Shubert Theater spokesman say.

Rumors have been floating around for the past few years that the ’70s-era entertainment complex, directly across from the Century Plaza Hotel on Avenue of the Stars, would be razed to make room for a modern office and retail facility. The site is controlled by Trammell Crow Co. and a partnership of New York-based JP Morgan and the General Motors Corp. and AT&T pension funds.

Late last week, new rumors began circulating that Trammell Crow had finally decided to pull the trigger. That culminated yesterday, when a published statement by the NY-based company that operates the Shubert said the theater would be replaced and a source familiar with Trammell Crow’s plans told GlobeSt.com that demolition could begin next year.

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