Real estate investor Michael Rosenfeld proposed to knock down the landmark hotel located adjacent to the twin Century Plaza Towers and the CAA building. The plan was to build a pair of fifty-story towers with condos, boutique hotel, offices, retail shops and public plazas, in its place.
An agreement between the owner and preservationists, which calls for a ‘sensitive rehabilitation’ of the site, has saved the hotel from wrecking ball. The project will be supervised by Los Angeles-based architect Marmol + Radziner.
The sensitive rehabilitation of the hotel includes preserving 400 hotel rooms while converting those on the top floors to 45 condos. Meeting space in the hotel will be reduced. A slightly smaller ballroom would replace the existing one. According to the deal, the buildings can be built on other parts of the nearly six-acre property.
On April 28, 2009, The Century Plaza Hotel was added to The National Trust for Historic Preservation’s list of the 11 most endangered historic places in America.
