Four Seasons Residences Los Angeles Hits Milestone
Concrete Pour Takes Place for Luxury Residences
The Four Seasons Private Residences Los Angeles are one step closer to becoming a reality with the completion of a 10-hour, 377-truck concrete pour on Wednesday.
The concrete is the foundation for 58 luxury condos and town houses to be built by West Hollywood-based Genton Property Group.
Around 915 tons of concrete was poured by approximately 60 Webcor concrete workers and more than 100 other union employees, according to the Genton Property Group.
“When you begin such an ambitious project, each milestone provides not only a sense of pride for the development team, but also excitement and anticipation for the dozens of buyers who have already signed purchase agreements,” said Jonathan Genton, founder and CEO of Genton Property Group.
The project has $147 million in signed sales contracts and reservations as of May, and received a $239 million construction loan that same month, according to the Genton Property Group.
The 12-story project, located at 9000 W. Third St. on the border of Beverly Hills and around the corner from the Four Seasons Hotel Los Angeles at Beverly Hills, will consist of three wings: The Tower, The Wetherly Wing and The Almont Wing.
The residences will have an average size of more than 2,400 square feet, and feature open-concept indoor and outdoor living spaces.
There will also be a 12,000-square-foot penthouse that will comprise the entire top floor. The penthouse, which will include a swimming pool and a private, 9,000-square-foot rooftop garden with a 360-degree panoramic view of Los Angeles, could become the most expensive to be listed in L.A., according to Genton Property Group. It will also have its own direct elevator access and a private, six-car garage.
The Tower will offer a total of 37 units, including the penthouse. The wings on Wetherly Drive and Almont Drive will include 11 residences each. There will also be five-star amenities available for residents, including an in-house theater, personal trainers and a private chef.
Condo prices will range from mid-$2 million up to around $18 million for the building’s half-floor, 6,500-square-foot penthouses. The price of the top-floor penthouse is not being released.
The Genton Property Group partnered with Boston-based Alcion Ventures and worked with Dallas-based Holliday Fenoglio Fowler (HFF) LP to arrange the financing from The Children’s Investment Fund Management Limited.
The residences, which are being built by San Francisco-based Webcor Builders and Boston-based architecture firm CallisonRTKL, are scheduled for completion in mid-2019.