The Sundown Strip Stirs Once more
“Hollywood is a corporate city, and I’ve spoken to buyers that when they started here they were either part of Hollywood or were sort of feeding Hollywood with their work,” said Stukin. “They had this rock and roll Hollywood fantasy and then moved like everyone else to Brentwood or the Palisades or Malibu or Calabasas. But now we see that people want to move back to town. You want to be in a walkable area. You want to be at the center of everything. “
In cities like New York and San Francisco, real estate interest in the suburbs has increased since the pandemic broke out in March as residents sought more space. Los Angeles is different, said Stukin. “Compared to New York or London, we are a large metropolis with a low density. So we don’t have people escaping into space here. “
The Pendry West Hollywood will begin its grand opening, beginning with the hotel in late 2020, followed by the residences early next year.
This is followed by the Four Seasons Private Residences in Los Angeles, a 12-story tower with 59 inch houses just across the West Hollywood border in Beverly Hills. a Frank Gehry-designed mixed-use project on 8150 Sunset Boulevard, plans for 229 apartments, including 38 low-income homes; a condominium project by Olson Kundig Architects on 8899 Beverly Boulevard that developers reportedly want up to $ 100 million for the penthouse unit; a Gwyneth Paltrow member-only social club on Sunset Boulevard; and a space-travel-like mixed-use project at the location of the Viper Room, the infamous Hollywood nightclub where River Phoenix died of a drug overdose in 1993. This project by Morphosis Architects and Plus Development will bring 115 more hotel rooms to the Sunset Strip, as well as 31 condos and 11 affordable residential units.
Housing units at Pendry Residences start at 2,300 square feet and $ 3 million. The penthouse is operated in the $ 30 million range.
All accommodations have custom kitchens, a private elevator and floor-to-ceiling windows. Some have private terraced gardens, the largest of which is 400 square meters outside. Eight properties have outdoor hot tubs and private outdoor pools. All residents have access to the private rooftop pool on the other side of the piazza in the Pendry Hotel, as well as perks such as housekeeping, room service, wine cabinet, bowling alley and gym.