Fashion Nova Founder Richard Saghian buys 175,000 SF Beverly Hills, CA building from Tishman Speyer for $118 million

 Richard Saghian 
(Photo by Michael Allen Creative)

 

 BEVERLY HillS, CA -- In an all-cash, off market deal, Richard Saghian, Founder & CEO of Fashion Nova, has purchased a 175,000 SF building from Tishman Speyer in the heart of Beverly Hills, CA for $118 million.

 

The building, sold to Fashion Nova. will be the new headquarters, dubbed 'Fashion Nova HQ,' and includes the following details: 

 

The building was designed by the internationally renowned architectural firm of Gwathmey Siegel & Associates. 

 

·                     This is Saghian’s third real estate purchase in the greater Los Angeles area within the last two years. He previously purchased The One in Bel Air, a 105,000- square-foot mansion listed as the largest home in the United States

New Fashion Nova HQ, 407 Maple Avenue
Beverly Hills, CA
(Photo by Michael Allen Creative)

The main design feature of the new building  is a glass storefront rising to the second story which crowns the entryway. The glass cube has three 19.5 pivot doors, the maximum size available and the largest in Southern California. 

·                     

Building has four floors. Top floors will be the Fashion Nova HQ with office space for 500 + corporate employees.

 

Three stories of underground parking will offer 480 parking spots. The building also features an atrium sky bridge, solarium and sweeping outdoor terraces 

       

 The new Fashion Nova HQ will debut two groundbreaking concepts: Nova Social Club, a private, by-invitation-only collaborative space for creators, influencers, celebrities, and VIP guests.

 

 Plans for the dedicated inner sanctum include a fitness studio, wellness spa, content & podcast studios, screening room, meditation and yoga garden, cosmetic micro-treatment bar, organic culinary outpost, showroom and more. 

In 2013, Saghian paid $126 million for
The One in Bel Air, a 105,000- SF
mansion then listed as the largest
home in the United States

The second concept, Nova Founders Lab, will be an incubator-accelerator for emerging brands, designers, creatives, and founders across fashion, marketing, and technology to become market ready in a true fashion-vertical setting.

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·                     The Fashion Nova HQ is Energy Star-Labeled and Gold LEED-certified

·                    The next phase in global expansion for the brand includes plans for new offices in London, Hong Kong, Sydney, and New York

 

Contact:

Ashleigh Garcia
Account Coordinator

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Phone: 305.864.3434 ext: 106

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