Since opening its hotel in Hong Kong in March 2019, Rosewood Hotels & Resorts has been striving to achieve an ultra-luxury positioning in the hospitality industry. It is finally doing just that with a spectacular new project in Beverly Hills, California – its very first stand-alone residential project.
A $100-million boutique condominium complex rising in the vaunted Golden Triangle district of Beverly Hills is escalating Southern California’s luxury vertical-living rivalry with breathtaking luxury hospitality, from fine dining to state-of-the-art wellness.
The 17-unit building where a home could sell for more than $40 million, a record for the condo market of Beverly Hills is located on Santa Monica Boulevard. Developed by Nahla Capital and GPI Companies, Rosewood Residences Beverly Hills is scheduled for completion in 2024, with sales to officially commence in 2023.
Situated in the heart of Beverly Hills, Rosewood Residences Beverly Hills features exterior architecture and interiors designed by Thomas Juul-Hansen, known internationally for his excellence in craftsmanship and design of residential developments, custom residences and elegant restaurants.
Evoking Rosewood’s guiding A Sense of Place philosophy, wherein each property reflects the texture and typology of its location, the residences will feature custom interiors and exquisite finishes that epitomize California’s timeless and casual sophistication.
Ranging from 3,000 to over 7,000 square feet, every private home comprises a vast array of truly unique amenities including private elevator access, large entry foyers, indoor and outdoor living areas, expansive chefs’ kitchens with double islands, and mudroom/laundry rooms accessed by a discrete service elevator.
Private swimming pools in nearly half the residences will create a focal point for their large terraces. Additional al-fresco features and amenities scattered across select residences include fully equipped outdoor kitchens, wet bars and firepits, lending to exceptional living and entertaining.
“As the popularity of standalone branded residences continues to grow, Rosewood Hotels & Resorts is thrilled to present this opportunity to enjoy the height of living in the prominent market of Beverly Hills,” said Brad Berry, vice president of Global Residential Development at Rosewood Hotel Group.
“Thoughtfully conceived to extend the utmost in design, service and experience, Rosewood Residences Beverly Hills is poised to emerge as one of the most desirable destinations not only in California, but across the country. We are proud to bring this incredible project to life alongside our partners and to further reinforce our commitment to delivering exceptional residential experiences in the most sought-after locations around the world.”
Rosewood Residences Beverly Hills will be exclusively managed by a dedicated Rosewood Residential Team who oversee every aspect of the property’s luxury service offerings. Coveted amenities will be available to its intimate group of homeowners, including a beautiful resort-like rooftop retreat featuring a pool, whirlpool spa, fitness center and outdoor relaxation areas boasting breathtaking views of the city. Residents will also enjoy communal rooftop lounge and dining spaces affording them with the ability to host gatherings small or large.
“Nahla Capital and GPI Companies are proud to work alongside Rosewood Hotels & Resorts to introduce Rosewood Residences to the iconic Beverly Hills community,” said Genghis Hadi, co-founder and managing principal of Nahla Capital. “Rosewood Residences Beverly Hills will consist of one-of-a-kind homes with many exquisite amenities, and we are excited to collaborate with Rosewood, Compass Development Marketing group and best in class firms including Thomas Juul-Hansen and executive architect MVE Architects to bring this project to life.”
The announcement of Rosewood Residences Beverly Hills comes as top-echelon condominiums are hitting new peaks in Los Angeles County with potential to top the record price of $35 million set in 2010 by Candy Spelling, widow of producer Aaron Spelling, when she bought a penthouse in Century City. At the new 8899 Beverly luxury building in West Hollywood, owners want $50 million for a penthouse.
The site is adjacent to the Peninsula Beverly Hills hotel and across Santa Monica from the Beverly Hilton and Waldorf Astoria Beverly Hills hotels. Planned next to the Waldorf and Hilton is One Beverly Hills, a $2-billion garden complex with more than 300 condos and a boutique Aman hotel and residences. Hundreds more upscale condos were recently completed in nearby Century City.
It will be the first stand-alone condo development in California operated by Rosewood Hotel Group, which also has stand-alone residential projects in the pipeline for Florida and Phuket, Thailand. The nearest hotel in the Rosewood chain is Rosewood Miramar Beach near Santa Barbara, where guests have been known to stay for weeks at a time even though typical daily rates start at $2,000.
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