Wednesday, April 11, 2007

It may be the ultimate Beverly Hills teardown.

British developers paid $500 million Tuesday for the once-grand Robinsons-May department store in one of the priciest property sales ever in Southern California.

The buyers said they would proceed with the previous owner's plans to raze the store at 9900 Wilshire Blvd. and build a condominium and retail complex designed by Richard Meier, architect of the Getty Center.

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