One Beverly Hills (Los Angeles, California)

 under construction, neighbourhood development

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Huge development planned on the site of Robinsons-May, which was built in 1952 as the Beverly Hills outpost of Robinson's. The department store closed in 2006 and was demolished in 2014.

The property was sold to Candy & Candy, a UK-based development firm, who paid an all-but-record setting $500 million for the eight-acre site along Wilshire Boulevard.

The new Developer planned to tear down the store and build a 252-apartment and retail complex designed by Richard Meier, architect of the Getty Center.

The plan faced obstacles from the start. The site is close to the intersection of Wilshire and Santa Monica Boulevard, which already has the kind of delays that make Los Angeles traffic famous the world over, and plans had been announced to add a Waldorf-Astoria hotel and two other condo complexes to the adjacent Beverly Hilton Hotel, on the site of its recently shuttered freestanding Trader Vic's restaurant. This caused intense conflict with the local community, which would have been deluged with new traffic.

All this was rendered moot, however, by the economic collapse of 2008, which scuttled plans to build all of these developments.

A tabloid-worthy tidbit: The former owners, New Pacific Realty of Beverly Hills, paid a paltry $33.5 million for the same site just three years before selling it.

It was later sold the the Chinese Wanda group, who planned a huge development designed by Richard Meier. That project collapsed and the land was sold to hotelier Beny Alagem and partner Cain International in 2018 for $420. They bought the adjoining Beverly Hilton and have announced new plans for a luxury twin-tower condo development and hotel, with massive gardens, all designed by Norman Foster.

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articles.latimes.com/2009/mar/14/home/hm-lostla14