Trader Vic's(Beverly Hills)fate sealed? Not if we can help it! - General Tiki

C christiki295 Member LA-2547 mls east Hawaii &5500 Easter Is Joined: Apr 09, 2003 Posts: 3837	C christiki295 Posted posted on Mon, Mar 16, 2009 10:51 PM Ironically, even though Trader Vics @ LA Live is due to open shortly, the development plans at Wilshire & Santa Monica seem to be in shambles. In 2007, the planning and resources management firm Jones & Stokes Associates determined that the place that launched decentralized shopping in America was eligible for the California Register of significant sites. But the fate of 9900 Wilshire was already in the hands of developers. First, there was New Pacific Realty, which paid Getty Center architect Richard Meier to design a green hotel and condo complex with private and public gardens. New Pacific, which paid $33.5 million for the site, issued a statement that said its development, requiring the demolition of the historic 1952 department store, would reflect "the standards and values of Beverly Hills throughout the world," according to a story in The Times. Next up were Christian and Nicholas Candy, thirtysomething British developers of condos for the Euro rich. They picked up the property and Meier's plans for $500 million from New Pacific. The brothers' Iceland banking partner collapsed in the global financial crisis, and a request this week for Candy & Candy to update The Times on the future of the development went unanswered. Zoning variances and permits, however, supported by enthusiastic city officials, authorize construction to begin after a nearby school is out. LA Times 3/14/09, Courtesy of Nichols via Lottaliving

Ironically, even though Trader Vics @ LA Live is due to open shortly, the development plans at Wilshire & Santa Monica seem to be in shambles.

In 2007, the planning and resources management firm Jones & Stokes Associates determined that the place that launched decentralized shopping in America was eligible for the California Register of significant sites. But the fate of 9900 Wilshire was already in the hands of developers.

First, there was New Pacific Realty, which paid Getty Center architect Richard Meier to design a green hotel and condo complex with private and public gardens. New Pacific, which paid $33.5 million for the site, issued a statement that said its development, requiring the demolition of the historic 1952 department store, would reflect "the standards and values of Beverly Hills throughout the world," according to a story in The Times.

Next up were Christian and Nicholas Candy, thirtysomething British developers of condos for the Euro rich. They picked up the property and Meier's plans for $500 million from New Pacific. The brothers' Iceland banking partner collapsed in the global financial crisis, and a request this week for Candy & Candy to update The Times on the future of the development went unanswered. Zoning variances and permits, however, supported by enthusiastic city officials, authorize construction to begin after a nearby school is out.

LA Times 3/14/09, Courtesy of Nichols via Lottaliving

Post #440524 by christiki295 on Mon, Mar 16, 2009 10:51 PM