MILLENNIUM HOLLYWOOD TO RISE UP AROUND CAPITOL RECORDS TOWER

Two New York real estate developers unveiled on Friday their plans for Millennium Hollywood, a nearly $1 billion mixed-use project that would rise up around the iconic Capitol Records Tower on Vine Street in historic Hollywood.

The historic tower, completed in 1956, also houses the famous Capitol Studios, where generations of artists including Capitol label co-founder Johnny Mercer, Nat King Cole, Frank Sinatra and the Beach Boys recorded music.  The Tower, which was the first...