Watt's $600 million planned City Center complex for sale. (real estate developer Ray Watt; proposed high-rise complex in Los Angeles, California) From: Los Angeles Business Journal | Date: October 25, 1993| Author: Berton, Brad | COPYRIGHT 1993 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Project victim of soft real estate, financial markets

Major developer Ray Watt has slapped a "For Sale" sign on his planned $600 million-plus Watt City Center highrise complex near downtown L.A.

His Watt City Center project, on a 6.48-acre Harbor (110) Freeway-front site, becomes yet another victim of today's dismal real estate and financial markets.

Watt and partner Kent Merselis, operating as W&M Partners Development Corp., spent five years and untold mi...

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