Los Angeles Times publisher Norman Chandler funded the construction of the art deco Hollywood Palladium at a cost of $1.6 million in 1940.

The dance hall was designed by Gordon Kaufmann, architect of the Greystone Mansion, the Los Angeles Times Building and the Santa Anita Racetrack in Arcadia.

[3] During World War II, the Palladium hosted radio broadcasts featuring Betty Grable greeting servicemens' song requests.

Big Band acts began losing popularity in the 1950s, causing the Palladium to hold charity balls, political events, auto shows, and rock concerts.

Pop Expo '69, referred to as a "teenage fair," was a youth-oriented event held from 28 March to 6 April 1969 at the Palladium, and included performances by The Jimi Hendrix Experience and the MC5.

[3] In 2007, the owners agreed to a long-term lease to operate, manage and exclusively book the Hollywood Palladium with Live Nation, a Los Angeles-based company.

[8] The renovation included an overhaul of the venue's interior and exterior, a new dance floor, expanded concessions, upgraded restrooms and improvements to the stage infrastructure.

The plan consists of two 28-story residential towers that surrounds the Palladium, standing 350 feet (110 m) tall and creating 731 condominiums, 24,000-square-foot (2,200 m2) of store-front retail space, and a below grade-parking garage.