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Development

Pendry Releases First Luxury Residences in Sunset Strip Development

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Pendry on the Sunset Strip

WEST HOLLYWOOD — Pendry Hotels & Resorts has announced the first release of Pendry Residences West Hollywood by Montage Hotels & Resorts for purchase.

The Pendry Residences are scheduled to open in Summer 2020 and will be comprised of a limited collection of 40 private residences with prices starting from $3 million. With over $500 million invested, the development occupies a prime location on Sunset Boulevard, providing unparalleled views of Los Angeles and immediate access to West Hollywood’s premier dining, shopping and nightlife hotspots; all within walking distance.

“Pendry Residences West Hollywood combines Montage’s extraordinary service culture with the dynamic Pendry brand in one of the city’s most iconic locations,” said Alan J. Fuerstman, founder, chairman and CEO of Montage International. “Our residents will enjoy both the vibrancy and amenities of the Pendry Hotel, and the serenity and privacy of the Residences and its offerings.”

Featuring contemporary architecture that cascades on a terraced site along Sunset Boulevard and Olive Drive, Pendry Residences West Hollywood showcases breathtaking vistas of the city, exclusive access to a range of amenities, and impeccable service by Montage Hotels & Resorts. Situated in a private building adjacent to the hotel, the Residences feature generous floorplans—ranging from 2,900 to 6,000 square feet—flowing seamlessly to large private verandas. Select Residences include incomparable landscaped terraces of up to 3,400 square feet with private pools, spas, and outdoor kitchens. Most Residences offer spectacular views of the Hills, downtown LA, and the vibrant cityscape.

The Residences feature interior design by Martin Brudnizki including custom-designed kitchens, floor-to-ceiling windows, white oak floors, Poliform walk-in closets and dressing rooms, and thoughtful appointments throughout. Each Residence is accessed via a private elevator connecting directly to a private resident’s terrace and secured parking.

“In the heart of the new Sunset Strip, Pendry Residences West Hollywood promises to be unlike anything else in the city and deliver a new level of fully serviced living in modern Los Angeles,” says AECOM Capital partner and managing director Warren Wachsberger.

“Pendry West Hollywood elevates living to an amazing experience—the experience is an immersion in L.A.’s creative culture, with a luxurious twist,” adds Ronald S. Haft, chairman of Combined Properties.

Owners will enjoy distinct residential amenities including a private residents’ lobby, rooftop pool, fitness center, garden deck and boardroom. A residential lounge will feature a stocked bar and wine tasting room with private lockers, and will include dedicated residential staff delivering exceptional hospitality and personalized experiences such as catering and in-residence dining by Michelin-starred chef Wolfgang Puck.

Pendry Residences West Hollywood residential owners will have preferred access to the hotel’s array of amenities, social programming, and attentive service. There will be a wide variety of food and beverage outlets helmed by world-renowned chef Wolfgang Puck, a rooftop pool and bar, multi-purpose live entertainment venue, screening room, bowling alley, Spa Pendry and state-of-the-art fitness center, as well as a curated art collection. Additionally, owners will have exclusive membership to The Britely, an exciting private club which focuses on fostering creative connections within the city’s thriving art, music and design scenes.

Pendry West Hollywood is designed by internationally acclaimed architecture and interior design firm Ehrlich Yanai Rhee Chaney Architects, and executed by Cuningham Group Architects with interiors by Martin Brudnizki Design Studio. Landscaping is by renowned landscape design firm Lifescapes. AECOM serves as construction manager on the project through its AECOM Hunt business.

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City Hall

WeHo Reaches Deal on Log Cabin With City of Beverly Hills

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WEST HOLLYWOOD — The City of Beverly Hills and the City of West Hollywood have reached an agreement regarding the property located at 621 N. Robertson Boulevard – also known as the ‘Log Cabin’ site – which is owned by the City of Beverly Hills but is located in the City of West Hollywood.

With an agreement signed this week, the City of West Hollywood will lease the site from Beverly Hills for a period of twelve months and intends to sublease the premises to the West Hollywood Recovery Center, which will continue to provide the same level of addiction recovery services currently offered at the site.

“We are thrilled to be able to secure this space to safeguard vital recovery services. Tens of thousands of people have been helped by the 12-Step meetings offered at the ‘Log Cabin’ and with the addition of the West Hollywood Recovery Center as the lead nonprofit we can count on another four decades of meetings and community recovery,” said West Hollywood Mayor John D’Amico. “These meetings will remain a vital resource for the West Hollywood, Beverly Hills, and greater Los Angeles sober community. The City of West Hollywood has been committed to preserving access to services at this addiction recovery space and this lease agreement with our neighbors in the City of Beverly Hills is a testament to working together to address community needs.”

“We are pleased to have reached an agreement with our neighbors in West Hollywood to allow the crucial services at the Log Cabin to continue,” said Beverly Hills Mayor Lester Friedman.

The Lions Club of West Hollywood formerly leased the site, but that agreement is now expired. The City of Beverly Hills provided notice to the Lions Club to vacate the premises by March 31, 2020.

“We sincerely appreciate the work of the Lions Club over many years to support community organizations and provide valuable meeting space,” added Mayor Friedman.

Due to coronavirus (COVID-19) health emergency and Los Angeles County Safer at Home Orders, all meetings have been temporarily suspended at the site due to the need to accommodate social distancing requirements. Community members may check for updates at http://thewhrc.org.

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Development

Al & Ed’s Claimed by L.A. Development Firm for Nearly $23M

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WeHo Retail Building Claimed by L.A. Development Firm for Nearly $23M

WEST HOLLYWOOD (Connect California) — A Los Angeles-based real estate development firm purchased a 30,146 square-foot development site in the West Hollywood area for $22.5 million. CBRE’s Matthew Greenberg, Alex Kozakov and Pat Wade represented the seller, a private family that had owned the asset for decades. CBRE’s Chris Tresp represented the buyer.

Located at the intersection of Santa Monica Boulevard and La Cienega Boulevard, the 30,146-square-foot property consist of one of the most recognizable corners in all of Los Angeles. The asset is currently comprised of three commercial structures on several parcels located in both the City of Los Angeles as well as West Hollywood.

The site’s zoning allows for an array of future projects, ranging from mixed-use multifamily to hotel and commercial uses benefiting […]

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Development

Hollywood Developing at Quick Pace With Hotels, Housing, Office Space

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Hollywood developing at quick pace

HOLLYWOOD (Beverly Press) — In many parts of Los Angeles, development seems to be moving at a breakneck pace, and Hollywood is no exception. From hotels and housing units to commercial space for office and retail, the neighborhood has seen significant growth in the past few years, and that trend will continue as projects currently under construction are completed.

Kristopher Larson, president and CEO of the Hollywood Property Owners Alliance, which oversees the Hollywood Business Improvement District, said nearly 1,000 housing units and 934 hotel rooms are currently under construction.

In 2019 alone, nearly 400,000 square feet of office space entered the market and now makes up approximately 10% of all office space in Hollywood, he said.

“A lot of new folks will call Hollywood […]

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