The Century, the 42-story tower rising in the center of Century City, has finished construction...on the outside that is. As the last crane was lowered last week, the remainder of work on the residential skyscraper will be on the interior, which was designed by architects Marmol Radziner. Move-in is scheduled for the end of 2010 for the condo units, which start at $3.3 million. The epic project is only four years in the making, since developer Related Cos. purchased the St. Regis Hotel property in 2005 for $123 million.
The tower made headlines last summer when Candy Spelling, wife of late TV producer Aaron Spelling, finalized purchase of the 2-level Penthouse 'A' - for a record-breaking $47 million. At $2,848 per each of the apartment's 16,500 sf, the sale was the highest ever for a Los Angeles condo. Professing that the Westside condo was "the only one that met my expectations," Spelling offered a glistening round of early PR for the company.
The only thing more shocking than that sticker price? The $150 million Spelling is asking for her Holmby Hills manor, completed in 1991 by husband Aaron. Unsure whether the home has 23 or 26 bathrooms, Spelling has claimed she is "downsizing" by moving into the Century. According to her lawyer, the price is "not a lot" for the 57,000 sf home, and Spelling has reportedly been getting dozens of interested phone calls. How exactly do you price a property in a range never seen before in this country? Maybe an international buyer can afford it...we'll have to wait and see.
See the exclusive video tour of the home here.
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