(To read more on the multifamily market, click here.)
CENTURY CITY, CA-New York City-based developer Related has razedthe St. Regis Hotel and has started construction on its 42-storycondominium project, called the Century. The 140-unit development,designed by Robert A.M. Stern, will feature condos from 2,400 sf to10,000 sf on a four-acre site on the Avenue of the Stars adjacentto the Hyatt Regency Century Plaza Hotel.
Nearby on the 41st floor of Century City's Century Plaza Towersat 2049 Century Park East, Related has opened an 8,000-sf sales anddesign center for the condo project, which is expected to becompleted in 2009. The sales office overlooks the site where theCentury is being constructed.
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