(To read more on the multifamily market, click here.)
CENTURY CITY, CA-New York-based Related has started demolitionof the shuttered St. Regis hotel to make way for a 140-unit luxurycondominium development called the Century, where the condos willrange from 2,800 sf to 12,000 sf and will sell for $2.5 million to$25 million. Related says the demolition portion of the projectwill require about eight months.
Related's development, a 41-story residential condominium tower,will occupy a four-acre site on the Avenue of the Stars where theSt. Regis once stood. The development site is adjacent to the HyattRegency Century Plaza Hotel.
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