Wednesday, May 31, 2017

HFF arranges $239 million for development of Four Seasons Private Residences in Los Angeles

Rendering of Planned $239 Million Four Seasons Private Residences Los Angeles,
Los Angeles, CA

Doug Bond
LOS ANGELES, CA, May 30, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $239 million in financing for the construction of the Four Seasons Private Residences Los Angeles, a 59-unit, luxury, residential project that has begun construction in Los Angeles, California.

HFF worked on behalf of the developer, a partnership between Alcion Ventures and Genton Property Group (GPG), to place the three-year construction loan through funds managed by The Children’s Investment Fund Management Limited. Construction is expected to be completed in mid-2019.

“In an environment where construction financing is currently difficult to obtain, we are very excited to have capitalized the development of the Four Seasons Private Residences Los Angeles,” said senior managing director Doug Bond.  “The superior sponsorship, iconic branding and curated design of this unique development attracted a best-in-class lender to the project.”

The Four Seasons Private Residences will be situated across from the Four Seasons Los Angeles at Beverly Hills near the intersection of Third Street and Wetherly Drive. The property’s centralized location provides access to nearby Cedars-Sinai Hospital, the Beverly Hills “Golden Triangle” and the North Robertson Boulevard shopping district. The 12-story, LEED-certified tower will comprise 59 custom for-sale homes with interiors inspired by California Modern master Richard Neutra.

Jonathan Genton
“This project will define luxury living in Los Angeles, and it was critically important to our investors and international pool of buyers that we eliminated every potential obstacle before beginning primary construction,” said GPG founding partner Jonathan Genton. “This funding ensures the Four Seasons Private Residences Los Angeles will meet its full potential as one of the region’s most sought-after properties.”

The building, which is designed by architecture firm CallisonRTKL, will offer a variety of floorplans with luxury features and amenities, including floor-to-ceiling, retractable glass walls; open-concept indoor/outdoor living and dining spaces; professional-grade gourmet kitchens; spa bathrooms with soaking tubs, separate glass-walled showers and dual-sink, marble-topped vanities; rooftop gardens; and stunning views of area landmarks, from the Hollywood Hills to the downtown skyline.

Dan Cashdan

Property features include a heated outdoor lap pool and poolside cabanas; state-of-the-art fitness center equipped with spin, cardio and weight equipment as well as private training and yoga rooms; private spa treatment rooms; IMAX theater for private movie screenings and sporting events; game room; library; and entertaining kitchen and bar.

Managed by the Four Seasons, the private residences will have hotel-inspired amenities with an executive chef, concierge, in-residence dining and spa treatments in addition to a variety of services, including housekeeping, butler service and in-residence personal chefs.

The HFF debt placement team representing the borrower was led by senior managing directors Doug Bond and Dan Cashdan as well as managing director Mark Wintner.

“We are honored to have represented Alcion Ventures and GPG in capitalizing what will become the premier residential tower in Los Angeles,” Cashdan added.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Specialist
HFF | 9 Greenway Plaza, Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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