Millennium Partners has ended its project to build residential and office towers on two parking lots next to the landmark Capitol Records Building in Hollywood.

The New York-based developer has submitted a letter to the Department of City Planning in Los Angeles formally withdrawing all entitlement requests relating to the development, known as Hollywood Center.

The planning department has terminated all of the entitlement requests, effectively killing the project, which has been in the works for more than a decade, Urbanize Los Angeles reported.

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