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
Miami I New York l Los Angeles
Address: 1666 Kennedy Causeway, Suite 703, Miami Beach, FL
33141
Phone: 305.864.3434 ext: 106
Web: www.taraink.com