Michael Shvo doesn’t believe in Los Angeles — he believes in Beverly Hills.
Why wouldn’t he? At the end of last spring, he and his partners dished out $130 million for 9200 Wilshire Boulevard. The plan is to develop a 300,000-square-foot complex with 54 luxury residential units and 6,000 square feet of retail space. Shvo said at The Real Deal‘s 12th annual showcase that construction is starting within months.
Besides that, Shvo has a couple projects in New York, like at 685 Fifth Avenue, where he is converting offices into residential condos. What else does he have planned? Where else does he want to build? Watch the above video to find answers and just why he’s so keen on what he’s already up to.
Text by Matthew Corkins