A New-York based developer paid $140 million to purchase a 24-story Westside luxury condominium tower under development on Wilshire Boulevard, between Beverly Hills and Westwood Village, it was announced Monday.
Plans for The Carlyle on Wilshire call for 78 units, ranging in size from 2,500 to 3,500 square feet, and 20 maid units, in a “Park Avenue-inspired” crescent-shaped tower, according to Miki Naftali, president and chief executive of The Elad Group.
“The superb location, which affords sweeping views of the Wilshire Corridor, the Santa Monica Hills and the Pacific Ocean, reflects our continuing strategy of selecting the best sites in highly competitive markets for the highest end luxury development as we expand in this country and abroad,” Naftali said.
Originally published in the Santa Monica Daily Press print edition on July 11, 2007. Read the original PDF.