In exchange for AHF dropping its lawsuit against the project, HPP will cut the height of its Epic development at 5901 Sunset Boulevard from 15 stories to 13 stories and abandon plans to build a ground-floor supermarket.
Settlement talks have started for a second lawsuit with an adjacent property owner, according to the Times.
The Gensler-designed project, which will feature approximately 275,000 square feet of office space, received the approval of the Los Angeles City Council in August. HPP had already downsized the proposed mid-rise tower from its original height of 18 stories.
Epic, which is scheduled to break ground by early 2018, is a follow-up to HPP's successful Icon development across the street. The 14-story tower is now fully leased by the streaming service Netflix.