July 24, 2008

Candy Spelling Downsizes — to 16,500 Square Feet

When people near retirement age, they often move to a smaller, more manageable space. That’s what Candy Spelling is doing.  Now that her husband, T.V. mogul Aaron Spelling, has passed away, and she’s apparently patched things up with daughter Tori, the 62-year-old is ready for a simpler lifestyle.

So, like many others in her situation, she went the condo route.  She purchased the top two floors of an under-construction upscale high-rise in Century City for a record $47 million, or $2,848 per square foot.

From the L.A. Times story:

[T]he 62-year-old heiress with a reputation for embracing opulence will be moving out of Los Angeles County’s largest home — a 123-room, 56,500-square-foot mansion on six acres in the Holmby Hills neighborhood off Sunset Boulevard.

Her new home will be less than a third the size of the old one — just 16,500 square feet — but with a killer 360-degree view spanning the horizon from downtown Los Angeles to Santa Catalina Island. The condominium building called the Century is going up next door to the Century Plaza Hotel on Avenue of the Stars and will be completed in late 2009.

Such a drastic downsizing means that Spelling may have to forgo some amenities she enjoyed at the Holmby Hills place — like the gift-wrapping room, perhaps — but the new pad will have some nice touches as well.

The lower floor will have a living room with two working fireplaces, a dining room for 25 guests, and staff quarters. The top floor will house the bedrooms, including a 4,000-square-foot master suite, a massage room, an exercise room, a conservatory complete with rose garden, and a swimming pool and deck.

Just like any other downsizing senior.