The Los Angeles Times from Los Angeles, California • 21

UNCLE CHARLIE By Peter Laing gpg flngtltg mmtj JAN. 24, 1 MO-Port 1 1 9 DEMOCRAT NAMED TO DISTRICT FARM BOARD Century City Project Set for Two Phases $500 Million Community Development Here Assured by New York Corporation Mark Boyar, finance chairman for the Democratic Na tional Convention, was ap pointed by Gov. Brown yes building Is now under con- BY AL JOHNS Times Real Estate Editor stTUCtion on the sit lnratH member of the governor's business advisory board. He lives In Beverly Hills. Brown also announced reappointment of George E.

Kinsey, vice president of the Coliseum Commission, a Re-publican, first named to the board in 1955. terday to the board of the 6th i i Agricultural which controls the on Santa Monica Blvd. to the! ecKenao" saia a man wm jnciuae wi.uuu sq. major tenant has already aErreer! in 1mk most nt the NEW YORK, Jan. 23 Century City, the $500 mil lessees, as well as for the first office building 20-story projects, being handled by office building.

It will endweles Coliseum and north and Pico Blvd. to the broken tor the shop- tt. oi retail space. south, bisected by Olympic ping center between May andj Letters of intent have Blvd. I.Tnlv.

Tri rrrfivfr? frnm mslnr lion community develop Coldwell, Banker Co. A 400,000 sq. ft. Boyar, home builder, is a ment near the 20th Century- Fox studios in West Los An: A geles, will be bom in two phases, it. was learned here today.

IE In separate with William Zeckendorf, president of Webb Knapp, and his son, William i i rumors rampant in re cent months that Century City never get oil Hundreds of Items Needed in Every All at Sears Savings! the ground were thorough ly The senior Zeckendorf ad mitted that Webb Knapp i3 "scrounging for money" by declaring, J'but we always Rumors Circulate Rumors began circulating through the real estate in fully lined draperies prints and solid colors dustry last December that Zeckendorf would never build Century City when he bought and sold Lakewood i I fit tt I 1 '11 I Vy fc.afcs.L& iskifjILJ Center in a matter of weeks. It had been reported that the New York firm lost money in that transaction. "We made $1.5 million on it alone in about five weeks," Zeckendorf said. "Is thai bad?" He also admitted sale thif week of more (than 11,000 11 1 mm 1 1 I II i fete mm. Iffilllwili: Buy all you need at this low price acres irMhe Santa Monica Mountains.

Called Mountain Park, the acreage reported' ly brought $8.8 million for the majority share of 85, with Webb Knapp retain irig the remaining Interest it. $3 Million Profit, The profit in this particu lar enterprise was said to 45-48x84" size hang several pairs together for wider windows Richly textured rayon-acetate in gorgeous decorator tones Lovely prints in moderns, scenics and floralj to harmonize with any decorating scheme i color-keyed in the modern manner. Tailored with expert attention to detail with deep pinch pleats on buckram head and deep, Just say "Charge It exceed So million, plus lo ownership of the property. Daniel, Mann, Johnson and Mendenhall, architectural-engineering firm of Los Angeles has been working on the planning of the project for many years. What effect the sale of Mountain Park will have on the hopes of Los Angeles rea planners for a huge, regional park, whifch had Been on SRC use Sears Revolving Charge as a 30-day charge account or take months easy-hanging hems.

Or choose one of the gorgeous, glowing solid tones! The beautiful texture of the elegant fabric. shows up to advantage in any of these: turquoise, sand, nutmeg, rose, sea spray, gold, frosty white. Come early and pick yours! to pay. apparently promised by Zeckendorf, is not known. But It in a fact that Terbm- Everlon knit panels 5-Feet dorf had turned down nu merous offers for Darts of the save 20 on Aberdeen plaid bedspreads property in order to keep it intact, which should provide planners with bargaining $1 Washable, no-iron mesh knit, hemmed and headed and ready to hang.

Choice of 5 shades. Extra wide, each panel. 3 ft. wide, 81" long. power when zoning requests each regular 4.98 mmM II I li ll H- li are made.

Time Extension One of the elements that started rumors about Webb novelty tier curtains Knapp difficulties over Century City was the request Assorted novelty colors and sizes, fabrics all reduced for clearance. by Zeckendorf for an exten sion of time in making a pay $1 mm pair ment to 20th Century-Fox, who had sold the studio's back lot to the New York mm developer for the project. "The time extension was to permit clarification of the 299 each Handsome, heavy cotton bedspreads woven in stunning Aberdeen plaids washfast and sun-resistant need little or no iron, ing. Both twin and full sizes at this low price in your choice of Spice brown, Federal gold, Jade green or Parchment beige. Buy one or a pair for your own room, the boys' room, the guest room.

sewer and dram de clared younger Zeckendorf, jumbo corduroy pillows sale 9 priced who is executive vice presi dent of Century City. "We for 3 feel this Is virtually com plete, needing only finaliza tion with Los Angeles city officials." Oversize knife-edge style with button center and kapok filling. Rainbow colors. Buy an arm load now and save! Zeckendorf Sr. said that Webb Knapp turned over i nwwwywiwiw $2.5 million in cash to 20th Century-Fox when the deal for 180 acres was made last year.

An additional payment of $3,180,000 is due May 1 Operating costs have been about $60,000 a month. Future Payments 1 1 rfi ll 1 -1 Vf Twentieth Century Fox will then receive $7 million every two years for a 10-year period, toward the total pur chase price of $56 million, a figure never before disclosed William Jr. reported that 20th Century-Fox Studios "subordinated a 25-acre par cel the deal for the hotel 6ite, which is considered one of the keys to the entire 10 No Monthly Payments 'til May 1st $5 Down on purchases up to $200 transaction. OFF "Right now it looks like we'll operate it ourselves," young Zeckendorf stated. He is president of Zeckendorf Hotels, which is now operating nine hotels in New York and Chicago.

The hotel is being designed our regular low prices Shoji window panels inspired by lovely Oriental screens ire custom crafted to your needs and taste in countless patterns, colors, sizes and shapes use on windows, walls and to divide a room. by architect William Pereira. It will be 25 stories high and Movable-louver shutters, finished in finest custom crafting on Salem maple, driftwood, Provincial, natural, and 9 decorator colors. Give you full control of light and air with maximum privacy. have 1,000 rooms, "including the largest banquet room the Los Angeles area" capable of feeding some 1,800 persons.

Key to Development "This will also be the key Phone Your Nearest Sears Store for Free Estimates IOS AM.ELES IM.Lfc OOD fcLLNDALt TORRANCE i 8-sm on 8-sii ci 4-4ii S-Slll LO A.KLES VALLEY ANTA MOMCA Bl EA PARS PL-I911 EX 4-iTll TA -40OO LOS AM.LIU PASADENA COMPTON ETmoOD 8-4261 tt 1-4211 MU l-HII iE l-STM 1-TTOI LONft BEACH EL MONTE HrtLLtHOOO HE 4m CI Mill CU HO -VMI to luxurious apartments ad jacent, where residents may have complete services from the hotel, including even daily linen service, young Zeckendorf said. Welton Becket Associ ALL ROADS LEAD TO SEARS SOUTHERN CALIFORNIA SATISFACTION GUARANTEED OR YOUR MONEY FREE! Shop Mondays, ThUrsdart and Friday 9:30 A.M. to P.M. LOS ANGELES Vermont BUENA PARK GLENDALE LONG BEACH TORRANCE Other Day 9:31 A.M. to 5:31 P.M.

WESTWOOD Open Mondayi LOS ANGELES-L Olympic Bird, Sow 1 COMPTON. HOLLWOOD PASADENA VALLEY .3 A.M. TM. Other Dtyt A.M. 51 TJA.

LOS ANGELES W. Pico Blvd. Rirapta EL MONTI INGLE WOOD SANTA MONICA WESTWOOD ates is the master planner for the entire project. His own 1.