A luxury high-rise is likely to replace Juhu’s Tulip Star hotel, formerly known as the iconic Centaur hotel. The sea-facing property near the JW Marriott, Juhu, which is said to be around six acres in area, was recently acquired by the Macrotech Developers, popularly known as Lodha Developers. There is buzz in city-based real estate circles about the possibility of Mumbai’s first sea-facing luxury homes with triplex units coming up on the spot.

The developer, however, has not revealed what it wants to do with the premium property in the western suburbs.