Developers are planning new life for a century-old building in downtown Los Angeles — the former home of the Herald Examiner newspaper.
The Mission Revival style building with its red-tiled roof, front arches and marble-and-gold lobby has been closed to tenants since the paper closed in 1989. Since then, it's mainly been used as a filming location.
But the Los Angeles Times says a New York developer, Georgetown Co., is partnering with the Hearst Corp. newspaper chain on a $40 million redevelopment project.
They plan to convert the building into 80,000 square feet of office space, with ground-floor restaurants.
Publisher William Randolph Hearst commissioned the building, which opened in 1915. The redevelopment is expected to be completed by the end of 2017.