Inside LA’s Most Exciting New Developments
Sprawling metropolitan areas, sunny weather and a beautifully diverse culture are just a few things to describe the breathtaking city of Los Angeles. With so many new projects coming into the fore in the Real Estate world, we take a deep dive into some of the most exciting new developments in the city’s finest areas for your viewing pleasure.
GPI Co. - Rosewood Residences Beverly Hills
Picture yourself in a place with palm tree-lined streets, beautiful architecture, some of the top restaurants in Southern California and you have Beverly Hills. LA Based developer , GPI CO., has identified a perfectly situated location for their upcoming Rosewood Residences pegged at $100M. This complex is sure to catch the eye with units commanding sales prices as high as $40 million - a figure which would be record setting for L.A.'s condo market.
With New York-based architect Thomas Juul-Hansen behind the design of these luxury residences and MVE + Partners serving as executive architect, the project is poised to become one of Beverly Hills’ top posh condominium developments in 2022.
Faring - The French Market
Another exciting project is sprouting up in the seaside town of Santa Monica, known for its chill culture and long stretches of white sandy beaches. After three years and final approvals from the city, local developer Faring has broken ground on a new development which will see the revival of the historic French Market on Santa Monica Boulevard.
Vice President of Faring, Jake Stevens, mentioned in a statement,“We are so proud to kickoff construction on the adaptive reuse and rehabilitation of the French Market and contribute to the cultural history of West Hollywood in the greater LGBTQ movement.” The development will be one to keep an eye on as their plans call for a new four-story edifice featuring more than 83,000 square feet of offices, a ground-floor restaurant space, a design showroom, 146-car garage and a bar with a rooftop terrace overlooking Santa Monica Boulevard.
Onni Group - Hollywood
We all know Hollywood for its world renowned reputation powered by the glitz and glamour of the entertainment industry; this final developer is not holding its breath even for a second to match that reputation. LA Developer, Onni Group, has several projects on the cards, most notably a luxurious mixed-used building near the intersection of Santa Monica Boulevard and Highland Avenue in Hollywood.
The project consists of a seven-story edifice which will feature 231 apartments above 15,000 square feet of ground-floor commercial space, which will surely match the energy in one of LA’s most buzzing neighborhoods. The development will also include a series of amenity decks and a courtyard swimming pool for those warm and sunny California days. And if that’s not enough to have you looking deeper into Onni, they are also working on an ambitious high-rise development near Sunset and Vine in Hollywood as an attempt to capitalize on the area’s booming demand.
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