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In December 2010 MGM rented 200,000 sq ft (19,000 m 2) of space in the MGM Tower, and it paid nearly $5 per square foot per month in rent. [5] In 2010, as MGM emerged from bankruptcy protection, it announced that it would move its headquarters to neighboring Beverly Hills to save money. The lease in Century City was scheduled to expire in 2018.
Construction site of the Century City station box (right), adjacent to the under construction Century City Center tower (left).. Century City/Constellation station is an under construction, underground rapid transit (known locally as a subway) station on the D Line of the Los Angeles Metro Rail system.
Century City is a 176-acre (71.2 ha) neighborhood and business district in Los Angeles, California, United States.Located on the Westside to the south of Santa Monica Boulevard around 10 miles (16 km) west of Downtown Los Angeles, Century City is one of the most prominent employment centers in the Los Angeles metropolitan area, and its skyscrapers form a distinctive skyline on the city's westside.
Formerly known as ARCO Tower; this building and City National Tower stand as the tallest twin towers in Los Angeles. [31] [32] 12 The Beaudry: 695 (212) Marmol Radziner: 52 2023 Residential Residential / above Figat7th shopping Center and adjacent to 777 Tower. Tallest residential tower in LA. [33] [34] 13 Oceanwide Plaza Tower I 677 (206 ...
In 2000, it announced it was moving its headquarters to a new building in Century City that was to be the first high-rise in Los Angeles to be completed in the 21st century. When the company agreed to be its lead tenant halfway through the building's design process, it became identified as MGM Tower, [223] planned for a 2003 opening. [220]
In 1969, millionaire Kirk Kerkorian bought MGM and proceeded to dismantle the studio. MGM's film memorabilia was sold through an 18-day auction, and 38 acres (150,000 m 2) of the studio's backlots were sold. Lot 3 was razed while Lot 2 was sold to housing developments. Kerkorian used the money to construct his MGM Resorts hotel chain. [citation ...