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Rick Caruso
Rick Caruso plans to build luxury apartment building near Beverly Center
Rick Caruso plans to build luxury apartment building near Beverly Center

Developer Rick Caruso's super-swanky apartment building near the Beverly Center in Los Angeles may soon have a newer, bigger counterpart. Caruso, who also developed the nearby Grove shopping center, has applied for city permission to erect a $155-million building with 154 units at the busy intersection of La Cienega and San Vicente boulevards. The new 19-story tower called 333 La Cienega would rise across the street from 8500 Burton Way, an 87-unit complex completed in 2012. A typical unit at 8500 Burton Way rents for about $12,000 a month and one furnished penthouse rents for $40,000 a month. The building has a Trader Joe's store and a restaurant on the ground floor. ...

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