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Sale of French Gourmet Clears Way for PB Pencil Tower Developer

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Sale of French Gourmet reportedly in the works-- Reality check for those thinking decision was made on high-rise For those who thought the fate of the Vela project - aka Turquoise Tower - aka Pencil Tower -- already had been decided, think again. Michel Malecot, the long-time owner of the French Gourmet, told reps from the group Neighbors for a Better California on Thursday, Jan.30 that a check for $6.5 million was being wired to him to complete the sale of his property to Kalonymus, the developer that is proposing to build a 23-story skyscraper on the Turquoise Street site.

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