We've finally gotten a reveal of Millenium Hollywood, the two residential and hotel towers planned on either side of the Capitol Records building in Hollywood. The verdict: What Capitol Records Building? New renderings suggest the landmark 1956 Welton Becket-designed structure could basically disappear from view. According to the Draft EIR, the Millenium Hollywood designs by Handel Architects and Roschen Van Cleve Architects could measure as tall as 585 feet on the east side of Vine Street and 485 feet on the west side of Vine Street. According to the document the rectilinear, vigorously articulated glass and stone-clad towers could hold 492 residential units and 200 luxury hotel rooms. The landscape will be executed by High Line-designer James Corner Field Operations. But plans still remain conceptual: the draft EIR also explores shorter heights and less-intrusive massings, and the project is still far from gaining city approval. Of course Roschen Van Cleve principal Bill Roschen is president of the LA City Planning Commission, so that never hurts. Something tells us preservationists, and hill dwellers worrying about their views, are mobilizing as we speak. Click a thumbnail to launch the slideshow.