March 10 , 2008 Contact: Dave Sotero/Marc Littman Metro Media Relations 213.922.3007/922.4609 www.metro.net/pressroom FOR IMMEDIATE RELEASE

Koar Development Group, L.A. Metro Hold “Topping Off” Ceremony for 22-Story Solair Building at Wilshire / Western Metro Purple Line Station

Construction Milestone

Los Angeles City Councilman Herb Wesson, foreground center, Metro Board Member Yvonne Burke, center in blue suit, and Metro Property Management Chief Roger Moliere, center back row, join Koar Development Group officials in topping off ceremony where construction crews hoisted a potted tree onto the 22-story high roof.

KOAR Development Group and The Los Angeles County Metropolitan Transportation Authority (Metro) today celebrated a major construction milestone for the Solair joint development at the Wilshire / Western Metro Purple Line Station in the Mid-Wilshire area of Los Angeles.

Solair is a stunning 22-story glass-wrapped tower that will offer 186 cosmopolitan residences and penthouses, accompanied by a resort-style pool deck and many resident amenities.

Solair residents will have access to a private, seventh-floor resort-style amenity deck offering a tranquil pool, spa, an outdoor firepit, lush gardens, an indoor/outdoor lounge, fitness and yoga room and resident’s club. The second-floor will offer an exclusive business center and conference room for use by owners.

Other features include an integrated parking structure with secured access, an on-site concierge and a private resident lobby and guest reception lounge.

At street level, Solair will create a new destination on Wilshire with a 40,000 square-foot specialty retail plaza. Spanning two stories across Wilshire and Western, this plaza will provide a high-end shopping and dining experience including space for restaurants, boutiques, cafés and services.

All of this is integrated with the Wilshire and Western Metro Purple Line station, providing direct access to the underground subway system for convenient Metro Rail transportation throughout the county.

Residences at Solair are available in a variety of floorplans that range from 1,339 square feet to more than 2,500 square feet with prices starting in the low $800,000s. Prospective residents and tenants can learn more about this one-of-a-kind property by visiting SolairLA.com or contacting a sales concierge at 888-8Solair (888-876-5247).

Solair is expected to complete construction at the end of 2008.

Solair is one of the the latest developments within Metro’s joint development program, which seeks to provide the most appropriate private and/or public sector development on Metro-owned property at, and adjacent to, transit stations and corridors.

The program, which also seeks to help reduce auto use and congestion by encouraging transit-linked development, has to date been involved in more than $1.4 billion in joint development projects throughout Los Angeles County.

For more information on Metro joint development projects, visit metro.net.

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