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Condo sells for $2,848 (per foot)

Candy Spelling's penthouse in Century City will have a $47-million view.

July 22, 2008|Roger Vincent | Times Staff Writer

Work on the long-promised residential, retail and hotel complex downtown has been delayed until next year, and some observers have expressed doubt it ever will begin. How the Century fares, Wine said, "will affect people's perception of us in L.A."

The Century is rising on the site of the former St. Regis Hotel, a Century City landmark next to the Hyatt Regency. The 30-story hotel was completed in 1984 and hosted many famous guests, including former President Reagan. Related Cos. shuttered the property in 2005 after spending $123 million to buy it.

Spelling's unit in the new building might not generate as many opinions as her house did, but her attorney vowed that her condo would be memorable too.

"The Manor is truly a one-of-a kind residence, but I believe she will be able to take this apartment and make it just as unique and just as special," Goldberg said. "It will be the most spectacular penthouse in the state of California and maybe anywhere."

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roger.vincent@latimes.com

Times staff writer Ann Brenoff contributed to this report.

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Wait, how much?

A two-story condo in Century City for $47 million? What else can you get in the local real estate market for about that price?

* An 18,000-square-foot waterfront home on Newport Bay in Newport Beach. Includes 10 bedrooms, 12 bathrooms and underground parking. Asking: $38.5 million

* An eight-bedroom, 11-bath home on 1.2 acres in Los Angeles' Holmby Hills. Has a swimming pool, ocean view and wine cellar. Asking: $45 million

* A three-story estate on 4.2 acres in Beverly Hills. Includes nine bedrooms, 18 bathrooms, a swimming pool, hot tub and tennis court. Asking: $49 million

Source: Times research

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