The California Department of Housing and Community Development (HCD) and Gov. Gavin Newsom have warned Beverly Hills it must approve a builder's remedy project to build the tallest tower in the city or face legal action by the state.

The Beverly Hills City Council in June rejected developer Leo Pustilnikov's application to build a 19-story tower including a 73-room hotel, 165 residential units and a restaurant on a site occupied by a vacant building and a parking lot at 125-129 South Linden Drive on the corner of Wilshire Boulevard.

Pustilnikov's proposal includes 33 low-income rental units, making it eligible for a builder's remedy fast-track that is available in California cities without an approved state-mandated housing plan.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.