![]() ![]() On, Zeckendorf took the project over from Fox, selling 75 acres back to the movie company for studio use. During 1959-1960, he tried to sell his interest for $56 million, but could find no buyer. Zeckendorf, Sr., (1905-1976), and his real estate company, Webb and Knapp, entered into the picture in late 1958 Zeckendorf negotiated a $5 million six-month option on to buy the project. New York real estate developer William S. Eager for an transfusion of cash, Fox looked for a "white knight" with which to collaborate or sell the project. Skouras (1893-1971), head of 20th Century Fox, his company was bleeding money, due in large part to cost overruns on the films, "Cleopatra" and "Something's Got to Give," and could not follow-through with the development. The film studio 20th Century Fox began development of a 176-acre parcel of their studio land in 1957 to create Century City, a mixed-use complex of high-rise office, hotel, and apartment buildings unfortunately for Spyros P.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |