These 'Paparazzi-Proof' Condos Will Be The Most Expensive In Los Angeles
Los Angeles is in a housing crisis with soaring rents and long-term residents being pushed out of their homes. And then on Tuesday, ground broke on a new condo development, with 59 units that are going to be the most expensive in all of L.A. Four Seasons Private Residences Los Angeles (FSLA) comes from Four Seasons and Genton Property Group. The project is expected to be completed in 2017, according to a release. The 59 units at 9000 W. Third Street in Beverly Hills will be Los Angeles' most expensive, combining luxurious living spaces with the services of a Four Seasons Hotel. The condos will not be connected to the nearby Four Seasons Hotel, according to the L.A. Times. Developer Jonathan Genton that they decided against physically connecting the two properties. "We said no," he said, "we need everything connected to the brand, but in an ideal world you don't share elevators or services with hotel guests at this price. The buyers do not want transient guests in their space."
The penthouse of the 12-story building is already asking $50 million, according the Wall Street Journal, and will consist of 12,000 square feet and will be "paparazzi proof." To ensure even more privacy, there will be a keyless elevator that the owner controls with his or her phone. The overall prices are predicted to be 50% higher than other condos in the area and the dues will be about $5,000 each month for the biggest units.
According to the property's website, "As one of only 59 owners, you'll savor unrivaled access to a service-rich lifestyle and best-in-class amenities featuring a luxurious in-house theatre and your own private chef experience. All perfected by Four Seasons and enveloped in an ambiance of exclusivity." There will be a 3,250-square-foot gym with sauna, steam and massage rooms, plus a kitchen where amazing chefs make residents food. There will be gardens and a pool with private cabanas, fire pits and a waterfall.
The site also promises that guests will have "top talent" delivered to their door, including photographers, personal trainers, yoga instructors and celebrity chefs. "Every day is an opportunity to indulge in a well-curated lifestyle destined to be the envy of the world." Each unit will be unique, expertly designed and equipped with state-of-the-art technology, so that inhabitants can lounge in their soaking pools, gazing upon a panoramic view of Los Angeles, high above where us commoners dwell.
Genton will be using a 100 percent union workforce, saying in a statement that, "Achieving flawlessness will require that design is implemented with the skill, training and knowledge that is delivered by a union workforce."
Genton is also the developer of 48 units on South Arnaz Drive that are rent-controlled, so he isn't exclusively a luxury developer.