Paul Koretz

Developer Rick Caruso agrees to shave height of apartment tower

Developer Rick Caruso agrees to shave height of apartment tower

The developer of a residential tower planned near the Beverly Center offered new concessions to the city on Wednesday, saying he will reduce the height of his project by nearly 23%, taking it from 240 feet to 185.

Businessman Rick Caruso, appearing before the Los Angeles City Council’s Planning and Land Use Management Committee, said he has agreed to scale back the La Cienega Boulevard project — cutting it from 20 stories to 16 — and promised to provide an additional $500,000 to the city for affordable housing.

Both changes were made at the request of Councilman Paul Koretz, who represents the area.

Koretz, who is running for reelection, announced last...

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