Nahla & GPI Cos' $100M Condo Complex Tops Off in Beverly Hills

Construction Milestone Achieved at Rosewood Residences, Beverly Hills

After six months of anticipation, the Rosewood Residences in Beverly Hills has hit a significant milestone. The $110-million luxury condominium complex, located at the previous Friars Club site, has now reached its top floor. This development is a joint venture between New York's Nahla Capital and Los Angeles-based GPI Cos.

Project Overview

The Rosewood Residences project at 9900 Santa Monica Boulevard is an architectural marvel. It comprises a four-story building that houses 17 condominiums. These units are situated above a 12,000 square feet commercial space on the ground floor. The complex also includes parking facilities for up to 148 vehicles.

Luxury Living

Named after the renowned Rosewood Hotels & Resorts, the property offers a variety of two-, three-, four-, and five-bedroom dwellings. These residences range from a spacious 3,000 to a palatial 7,000 square feet. When construction began over a year ago, the asking prices for these luxury condos were projected to reach a staggering $40 million.

Design and Amenities

Designed by New York-based architect Thomas Juul-Hansen and executed by local firm MVE + Partners, each condo in the complex offers direct elevator and stairway access. Residents can also enjoy shared amenities like a pool and fitness center, adding to the allure of this upscale living experience.

Competitive Landscape

The Rosewood Residences will face stiff competition from other luxury developments in Beverly Hills. These include the new Mandarin Oriental Residences at 9200 Wilshire Boulevard and the proposed 350 high-end condos of the One Beverly Hills complex across the street.

Conclusion

With construction reaching its peak, the Rosewood Residences is set to redefine luxury living in Beverly Hills. This project is a testament to the city's thriving real estate market and the growing demand for high-end residential properties.