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Hollywood development

David Simon of Kilroy Realty stands at the site in Hollywood where the firm proposes to build office buildings, apartments, shops and restaurants.

David Simon of Kilroy Realty stands at the site in Hollywood where the firm proposes to build office buildings, apartments, shops and restaurants.  (Francine Orr / Los Angeles Times)

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Kilroy Realty Corp. bought the full city block near Sunset Boulevard and Vine Street with the intention of building apartments, offices and stores. The proposed project valued at as much as $285 million underscores the ascendancy of the Vine Street neighborhood around Hollywood and Sunset boulevards, where billions of dollars worth of development has been completed or planned in recent years.

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Kilroy Realty bought the block bordered by Vine Street and De Longpre, Homewood and Ivar avenues for $46 million. After its project wins city approval, the three existing buildings, including a former Big Lots and a 1920s warehouse, will be demolished.  (Francine Orr / Los Angeles Times)

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A worker cuts the grass on the Kilroy Realty property, where the Academy of Motion Pictures Arts and Sciences once planned to build a motion picture museum.  (Francine Orr / Los Angeles Times)

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The Academy of Motion Pictures Arts and Sciences has been holding public outdoor movie screenings on the property. It will lease space for special events until construction begins.  (Francine Orr / Los Angeles Times)

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