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| Rendering of Planned $239 Million Four Seasons Private Residences Los Angeles, Los Angeles, CA |
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| 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.
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| 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.
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| 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 | www.hfflp.com
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