The multifamily project planned for 9200 Wilshire Boulevard could move forward if the Beverly Hills Planning Commission approves its latest iteration. It is scheduled to consider the development next month.
Its owner, New Pacific Realty, bought the site for $16.5 million in 2010. The original plan for the property was a 54-unit mixed-use building with 14,000 square feet of retail, designed by Richard Meier. New plans, however, call for a 90-unit, six-story structure. It would also include roughly 6,000 square feet of retail.
The mixed-use development will cover an entire city block, the Beverly Hills Courier reported.
The property is already entitled for 51 luxury condos, according to New Pacific’s website.
New Pacific owns another commercial nearby: the retail shops at 9399 Wilshire Boulevard, which it acquired for $10.4 million in 2007. [BHC] — Cathaleen Chen