Tribune Media Company on Thursday announced plans to redevelop Times Mirror Square, home of the Los Angeles Times, and a disused printing plant in Costa Mesa.
The Chicago-based media company said it is seeking partners for both properties, including a mixed-use project for Times Mirror Square, a multi-acre site at the intersection of the newly activated Civic Center and flourishing Broadway Corridor.
“The Times Mirror Square master plan promises to deliver a compelling urban project that includes the restoration of important buildings and the construction of complementary new buildings around a new metro rail station directly connected to four of the region’s major rail lines,” Tribune Real Estate President Murray McQueen said. “We look forward to identifying the best development partner to help us achieve the immense potential of this site and bridge two of downtown L.A.’s most dynamic districts.”
The Los Angeles Times continues to occupy portions of the buildings along with other tenants.
Tribune Real Estate is also pursuing a partner to oversee development of the now-vacant 21-acre Costa Mesa site.
The property in the 1370 block of Sunflower Avenue was a printing plant and distribution facility for the Times, and features a functional rail spur and a helicopter pad.
“The site has been a well-known part of the Costa Mesa landscape for over 40 years,” McQueen said. “Costa Mesa is developing a strong identity as a cultural hub of Orange County and we are excited to be developing the site during this next chapter of civic vibrancy.”
Tribune Real Estate said it would engage a brokerage house to assist in finding development partners for the projects.
— City News Service