Los Angeles condo sells for $2,848 (per square foot) Candy Spelling's penthouse in Century City will have a $47-million view.
http://www.latimes.com/business/la-f...0,856602.story
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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.
The 62-year-old heiress with a reputation for embracing opulence will be moving out of Los Angeles County's largest home -- a 123-room, 56,500-square-foot mansion on six acres in the Holmby Hills neighborhood off Sunset Boulevard.
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.
Building developer Related Cos. of New York said Spelling would work with her own architects and designers to customize her space on the 41st and 42nd floors. But a few of the details have been negotiated.
The lower floor will have a living room with two working fireplaces, a dining room for 25 guests, and staff quarters. The top floor will house the bedrooms including a 4,000-square-foot master suite, a massage room, an exercise room, a conservatory complete with rose garden, and a swimming pool and deck.
Builders have yet to start construction of the top of the building, so they were able to make structural adjustments to accommodate the indoor pool that opens onto a balcony, said David Wine, vice chairman of Related Cos.