Downsizing ... to a $47 million condo
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From this morning’s L.A. Times: ‘The top two floors of a Century City residential tower still under construction have been sold for a record $47 million to Candy Spelling, the widow of TV mogul Aaron Spelling.’
How is that downsizing? Spelling, 62, is moving out of the biggest home in L.A., a 123-room, 56,000 square-foot mansion in Holmby Hills. The new place is a relatively tight squeeze, the Times’ Roger Vincent reports:
‘Her new home will be less than a third the size of the old one -- just 16,500 square feet -- but with a killer 360-degree view spanning the horizon from downtown Los Angeles to Santa Catalina Island. The condominium building called the Century is going up next door to the Century Plaza Hotel on Avenue of the Stars and will be completed in late 2009.’
More: ‘There are still wealthy buyers keeping the very top end in play -- often at ever higher prices. The price of $2,848 per square foot paid by Spelling at the Century is a record for a Los Angeles condo. The old record of $2,700 was set in February -- at the same building.’
Posted by Peter Viles
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Photo credit: Los Angeles Times