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Caruso Plans $155M Mixed-Use Project

BEVERLY HILLS, CA—The developer files entitlements for 333 La Cienega, a 154-unit mixed-use property on the border of Beverly Hills and adjacent to its highly popular property 8500 Burton Way.

By Kelsi Maree Borland | Updated on March 12, 2015

BEVERLY HILLS, CA—Caruso Affiliated has filed entitlements for its latest mixed-use development, 333 La Cienega. Located on the border of Los Angeles and Beverly Hills, the 154-unit project is adjacent to Caruso’s recent development 8500 Burton Way, which is collecting some of the highest multifamily rents in the nation. According to industry sources unrelated to the deal, the development will cost an estimated $155 million. It is expected to open in late 2017.

“This is a terrific neighborhood,” Matt Middlebrook, EVP of development at Caruso Affiliated, tells GlobeSt.com. “We have been successful down the street with our most recent project, 8500 Burton Way, which has been a tremendous success for us. The neighborhood has great access to shopping and dining. We think that it will be a wonderful place for residents to live on the border of Los Angeles and Beverly Hills. Plus, we own the land, and this is a great time to build.”

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