The Lot's New Owners to Raze, Replace Old Studio Buildings

West Hollywood's 11-acre studio lot at the corner of Santa Monica Boulevard and Formosa Avenue will soon be razed to make room for new soundstages and six-story buildings, reports the Los Angeles Times.

Located in the historic Paramount Studios compound, the studio has gone through many incarnations. When the studio was purchased by BA Studio in 1980, the company renamed this northern parcel "."

According to the LA Times, its new owner, CIM Group, plans to raze and replace the old buildings and stages with glass-and-steel structures rising to six stories.

West Hollywood senior planner David DeGrazia told the Times demolition will begin in a few weeks and construction will take place in six phases.

Read the full story here.

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