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SAN PEDRO, CA-Developer Raffi Cohen's Beverly Hills-based GalaxyCommercial Holdings has imploded the 12-story former Pacific TradeCenter building to make way for a 16-story, 318-unit project calledVue. It will be San Pedro's first high-rise condo development.Galaxy collapsed the 40-year-old, 122,000-sf Pacific Trade Centeroffice building Sunday morning amid cheers from onlookers at thewaterfront site where the developer is building the $175-millionVue project.

A Galaxy spokesman tells GlobeSt.com that the developer implodedthe building because the Pacific Trade Center had been built in away that rendered it difficult if not impossible to dismantle thebuilding floor-by-floor. The Vue, named for its views of thewaterfront and Palos Verdes Peninsula, is slated to break ground infall of this year, with the units expected to be available foroccupancy in early 2008. It is a development of Galaxy and theCarlyle Group.