Who ever thought we'd see this rendering again? It's the Richard Meier design for 9900 Wilshire, the former Robinsons-May building next to the Beverly Hilton in Beverly Hills. And it's back, although it might've lost its bowling alley. Condo plans were hot and heavy at the site back in 2007 and 2008--most notably from the British developer brothers Candy & Candy. They had the bad fortune to go in with an Icelandic bank, which they had to buy out; they tried to add a hotel to make things work, but eventually defaulted on the loan. After a lot of drama, Banco Inbursa foreclosed on the site in early 2010. Now the Los Angeles Business Journal is reporting that the site has new owners--the Asian group Joint Treasure International--and they plan to build something very similar to the project that was already approved, with the Richard Meier design.
The plans approved by Beverly Hills back in 2008 include two buildings with 235 condos and 16,000 square feet of retail and restaurant space. However, the LABJ's source says that the firm might trim some of the fancier amenities to cut costs--the planned amenities include a private bowling alley, a communal wine cellar, a ballroom, a fitness center and spa, and concierge service. Joint Treasure has already started meeting with the city about unarresting this baby and they want to start demolition next summer, with completion in late 2014 or early 2015. If they stick more or less with the Meier plan, they won't have to get a whole new set of approvals.
· Signs of Life [LABJ, sub. req.]
· 9900 Wilshire Project Approved For Beverly Hills [Curbed LA]