Brookside residents heard plans for the future of the Farmers Insurance 10-acre property from Clyde Wood and Johannes Van Tilburg, representing the CIM group, new owners of the property.
The plans include converting the offices of the nine-story former headquarters building into 54 luxury condominiums, and erecting 65 single family homes and duplexes on the remaining property.
The acreage under development stretches from Rimpau Blvd. to Muirfield Road.
Van Tllburg said the homes would be built mainly in Mediterranean style, similar to the houses in the surrounding Brookside neighborhood.
Wood, when asked about the application for a liquor license in the tower, said plans include a “restaurant for fine dining open to the public.”
Wood said he did not expect construction to begin before the summer of 2016. The firm has moved its office to 4700 Wilshire Blvd. in the building just west of Rimpau Blvd. and Wilshire Blvd.
Category: Real Estate