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Originally Posted by LA21st
Ive heard the Caruso tower is probably not going to happen. Could be wrong, could be false info, just something I've heard. ![Frown](images/smilies/frown.gif)
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That would be interesting if true as this project is still listed on their site as active. Sure interest rates and construction costs are high right now, but they have owned that piece of property since the 90's and this was Caruso's first development. It's probably fully paid for and they can afford to sit on it until the costs to build lower. The apartment building they built across the street supposedly has a waitlist because of such high demand for the Caruso product. But also, something that has changed since is that Mr. Caruso has stepped down from running day to day operations of the company and is semi retired from it while pursuing other endeavors. I personally would love to see this one rise.
The Beverly Center has been stepping up its ground floor activation game though with new entrants like the soon to open Gold's Gym and the 2nd outpost of "For the Win" which will be sure to draw crowds. Gold's is a draw in and of itself and should help to activate more of the foot traffic around Beverly and La Cienega.