LA Times plans 100k sf multimedia, e-sports space in El Segundo
Patrick Soon-Shiong, the paper's owner, will build LA Times Center next to new HQ
The Los Angeles Times is expansion mode. At least when it comes to its real estate.
The paper, whose new owner is billionaire Dr. Patrick Soon-Shiong, is building a 100,000-square-foot multimedia and event space next to its new El Segundo headquarters.
The L.A. Times Center will also house the paper’s production studio and e-sports video game arenas, according to a press release from Culver City-based Nantworks, another company Soon-Shiong owns. Large e-sports events require high-tech infrastructure and internet equipment, according to the release. The Times first reported on the building plans, which accompanied a story about Shoon-Shiong’s purchase of a minority stake video game developer.
The L.A. Times Center will host some e-sports video gaming competitions that Nantworks runs.
It was not clear where the new multimedia center would rise, Nantworks did purchase an 83,000-square-foot warehouse next to the Times’ new office in July for $50 million.
Soon-Shiong purchased the Times earlier this year and in April announced he would move the operation from its historic Art Deco office in Downtown L.A. to a 145,000-square-foot building at 2300 Imperial Highway in El Segundo. Soon-Shiong spoke of building a campus “that is there for the next 100 years.”
The Times left its long-time DTLA headquarters when its lease ran up in May. The building’s owner, Onni Group, wants to redevelop part of the complex with apartment towers. A landmarking effort could thwart that.