Rosewood Residences Beverly Hills Sales Led by Compass Agents – The Hollywood Reporter
As branded residences continue to take off in Los Angeles — such as the Pendry Residences on the Sunset Strip and the new Mandarin Oriental on Wilshire Avenue — the Rosewood Residences in Beverly Hills are in the process of The development is set to open next year.
Nahla Capital and GPI Companies, the developers of Rosewood Residences, announced today that leading LA real estate agents Sally Forster Jones and Tomer Fridman of Compass have been tapped to exclusively lead sales for the project. luxury project, which broke ground last June and is expected to open near the end of 2024.
Located on South Santa Monica Avenue and across from Charleville Avenue from the Peninsula Hotel, the project consists of 4 floors with 17 apartments, each with a unique design. They range in size from about 3,000 square feet and up to about 7,500 square feet in the attic. The starting price of the residences, according to agents, will be around 10 million USD; Fridman said that the price of the largest unit has not yet consolidated.
The apartments will have their own lift, entrance hall, chef’s kitchen with double island and service elevator opening to the laundry/mud bath area and large terrace. “Each of them has a special, beautiful outdoor space,” says Forster Jones. “Being here in Beverly Hills. The indoor-outdoor experience is a key component of the design.”
Both Fridman and Forster Jones emphasize that these units are far from the average luxury apartment. “They are really estate-style homes. They are truly an alternative to a home in terms of scale, in terms of storefront feel and width of the balcony. He added that six of the units have their own pools.
“It’s just a great location. Forster Jones, whose career revenue is more than $10 billion.
“That Little Santa Monica scene was really quaint and relatable. Fridman, who closed $830 million worth of deals in 2022 and whose clients include Kim Kardashian, Pamela Anderson and Sylvester Stallone, adds.
Additional amenities at the project include a 40-foot swimming pool and whirlpool spa, outdoor kitchen, fireplace, indoor/outdoor bar, rooftop lounge with dining space, dormitory room education, valet, concierge, doorman, security and housekeeping services. “There will be a Rosewood residential superintendent on site; if you need to change a light bulb, they’ll be there to do it: added Fridman. Residential sales will begin this summer.
The property was designed by architect Thomas Juul-Hansen, who is also behind the upcoming 850-foot Sutton Tower in New York and has created residential designs for clients, including There’s chef Jean-Georges Vongerichten.
“We will increase about one floor per month. Within three months we will be at street level,” said Fridman of construction. Forster Jones added: “I think we have the biggest crane in Beverly Hills.” The development cost of the entire project is about $100 million, according to LA Times.
The closest Rosewood hotel to Los Angeles is the Rosewood Miramar Beach owned by Rick Caruso in Montecito, California. Rosewood has yet to announce plans for a residential F&B in the Beverly Hills neighborhood but is expected to open a restaurant from a celebrity chef. Having a star chef involved in a branded housing project has become a major selling point in this burgeoning real estate space. At Pendry West Hollywood, Wolfgang Puck, whose restaurant Mirois is located on the hotel’s rooftop, provides dining and room service to the residences, while owners at Mandarin Oriental Residences Beverly Hills will be able to call dishes from chef Daniel Boulud’s menu when he opens Café Boulud, his first LA restaurant, on the ground floor there later this year.
Rosewood Residences Beverly Hills is located on the site of the former Beverly Hills Brothers Club, founded in 1947 by Milton Berle; The modernist building was demolished in 2011. The residence was Rosewood Hotels & Resorts’ first independent development in California.
Last year, Nahla Capital’s Genghis Hadi told the LA Times that he anticipates that potential buyers are “homeowners in Beverly Hills and Los Angeles who are moving out of big homes and need a lot of the amenities that a home would.” bring them big but want the security and safety of the apartment complex.”