The super-swanky apartment building, Rick Caruso, may soon be building near the Beverly Center in Los Angeles.
Caruso also developed the nearby Grove shopping center, 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, will have a typical unit at $12,000 a month and a furnished penthouse rents for $40,000 a month. The building has a Trader Joe’s store and a restaurant on the ground floor.
The new building would replace a retail center at 333 S. La Cienega Blvd. The one and two-bedroom units would have high ceilings, hardwood floors, gourmet kitchens and private patios and balconies, Caruso said. There would be public open space at street level including a large fountain at the southern tip.
Tenants in the existing building are a mix of fashion designers, entertainment industry executives, doctors, celebrities and “heads of state from different parts of the world,” Caruso said.