Josh Kamensky at Eric Garcetti's office says it's no accident the Edendale Silent Film obelisk is still standing.

Josh writes:

The developer of the condo site is working with Hollywood Heritage to move the obelisk to an easement [near] the Public Storage facility [a little farther south down Glendale Blvd.] -- which, it turns out, is nearer to the site of the old Mack Sennett studios than the obelisk's original location.