Whatever Kairoi Residential does with 777 Wadsworth Blvd., the company surely hopes it goes smoother than its project next door.

The San Antonio-based apartment developer paid $4.5 million last week, according to public records, for the 4.1-acre suburban office complex in Lakewood.

The property is directly adjacent to the site of Kairoi’s controversial 411-unit project along Belmar Park, which some local residents have vehemently opposed.

Kairoi didn’t respond to a request for comment about its plans for the recent purchase. The deal works out to $25 per square foot for the land, which is home to three 1970s office buildings and ample surface parking.

“There has been nothing filed to indicate what is planned for this property,” Lakewood spokeswoman Stacie Oulton said in an email.

The

See Full Page