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BEVERLY HILLS, CA-British developer and investor CPC Group hasacquired 9900 Wilshire, an eight-acre site that is planned for a252-unit LEED-certified condominium tower, from locally based NewPacific Realty Corp. for $500 million. A spokesperson for CPC tellsGlobeSt.com that the developer is hopeful that the EIR for theproject will be released by the City of Beverly Hills "before theend of May."

The project, which will take the place of a Robinson's-Maydepartment store site, will be designed by architect Richard Meierand will be built to environmental standards required for a LEEDGold rating from the US Green Building Council. It will comprisetwo 12-story towers, townhouses and two four-story loft buildingsthat will cover one-third of the eight acres, with the remainingtwo-thirds of the property to be dedicated to open greenspacedesigned by the Olin Partnership Ltd., whose projects include theNational Gallery Sculpture Garden in Washington, DC and theredesign of the Washington Monument.