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5/31/17
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Construction has begun on Four Seasons Private Residences Los Angeles, an upscale res development located at 9000 W. Third St in Los Angeles, just outside Beverly Hills. The project, a development of Genton Property Group, has just received $239 mil in construction financing after generating more than $147 mil in combined sales contracts and reservations.
The 12-story project, which comprises 58 luxury condos and a massive top-floor penthouse that could become the most expensive condo ever sold in Los Angeles, is slated for completion in mid-2019. The 12k sf penthouse consists of an open-concept indoor/outdoor living space that takes full advantage of year-round natural lighting and views. Occupying the entire top floor, it features a private, 9k sf rooftop garden oasis and pool enveloped by a 360-degree panoramic view of the city. It also offers direct elevator access and a private six-car garage.
In addition to the penthouse, the project’s condo and townhouse units span three wings – The Tower, Wetherly Wing and Almont Wing – with an average size of more than 2.4k sf and offering open-concept indoor/outdoor living spaces that take full advantage of year-round natural light and views. The Tower will house 37 residences, including the Penthouse, five Tower Estates and 31 residences. Two distinctive wings – one on Wetherly Drive and one on Almont Drive – will each have 11 units that create a residential experience that is closely connected to the neighborhood and building amenities.
GPG partnered with Alcion Ventures and worked with Holliday Fenoglio Fowler, L.P. to obtain financing from The Children’s Investment Fund Management Limited, for the three-year construction project slated for mid-2019. The Four Seasons Private Residences Los Angeles is designed by global architecture firm CallisonRTKL and is being built by Webcor Builders using 100-percent union labor.
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