Should you have some money to part with, there could be a new home for you in Beverly Hills. The Beverly Hills Courier reports that a fallow one-acre plot of land (three different parcels that were combined) at N. Palm Ave. and Civic Center Dr. was recently sold to “highly sophisticated development company." What a mystery. A five-story, 35-unit condo development will go up on the site, which is just south of Santa Monica Boulevard and not far from the new La Terrasse building, currently offering a three-bedroom penthouse for $4.1 million.
· Beverly Hills Development Site Sold, Condo Complex to Be Constructed [BH Courier]
· La Terrasse Condos Hit the Market in Beverly Hills [Curbed LA]