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LOS ANGELES-A handful of West Hollywood’s entertainment and political powerhouses will gather at the former Playboy Corp. headquarters today to celebrate the building’s transformation into a class A office facility.

The renovation of the 10-story building will be marked with a ribbon-cutting ceremony at 10:15 a.m. It will be held in the facility’s lobby entrance, which stands at 8560 Sunset Blvd. Some of the building’s tenants, which include Kopelson Entertainment, USA Intertainment Inc. and Creative Theme Restaurants Inc., will be on hand for the festivities. In addition, West Hollywood’s Mayor pro tem Sal Guarriello, Assemblyman Paul Koretz and several council members will be in attendance.

The Sunset Blvd. building, which is being touted as West Hollywood’s first class A office facility, has undergone a substantial structural upgrade as part of the renovation process. Improvements to the 70,605-sf facility include the replacement of exterior glass and an upgrade of building systems.

The renovation marks completion of the first phase of the $250 million Sunset Millennium development. This 676,000-sf mixed-use project will include 276,000 sf of office space, 200,000 sf of upscale retail space, a 370-room hotel, a live performance theater and restaurants. The development is slated for completion within a year. The finished project will span three city blocks, stretching from La Cienega Boulevard to Sunset Plaza Drive.

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