More evidence that CityWest is shedding its Jersey-like reputation? (And once that stadium comes, you make be glad to be tucked in across the freeway, away from the action surrounding South Park.) Following the planned ground-breaking of 1111 Wilshire, a 7-story apartment building, and the possible ground-breaking of 1027 Wilshire, a six-story apartment building (when's that thing coming?) comes this news: Lido Equities Group, a Beverly Hills-based investment and development company has purchased 1401 W. Seventh Street. Known as Seven West LLC, this was one of those long-talked about downtown developments, a 62-unit, Killefer Flammang Architects-designed condo building proposal that eventually was taken back by East West Bank last year. Jay Edward Smith, CEO, of Lido Equities Group, says his firm isn't sure what they'll do with the site yet (condo, apartments, something altogether different, perhaps, he says), but the firm will keep Killefer Flammang on as the project architect (whatever it may be). Smith said part of the reason they purchased in the area is because his firm currently has no projects in the area and because they "love the area." There's a big kiss for you, CityWest. The sale was handled by Land Advisors Organization.
· Seven West Down [Curbed LA]