In The News

Indoor-Outdoor Living Reigns at New Developments in Los Angeles

Latest slate of homes hitting the market provide buyers a chance to stretch out while maintaining their city lifestyles

By Nancy A. Ruhling
Originally Published March 20, 2021

Los Angeles luxury condo buyers, attracted by indoor-outdoor spaces that feature concierge, valet and five-star-hotel services, helped the market bounce back in the city’s core in the fourth quarter of 2020, according to a report by Compass Development Marketing Group.

During the beginning of the Covid-19 pandemic, when there was a public perception that condos were unsafe for health reasons, interest in single-family homes took over, and the condo market stalled, but buyers in Beverly Hills, West Hollywood, Century City, Westwood and Beverly Center-Miracle came back in the fourth quarter at 2019 levels, according to the report, which noted that sales volume jumped 3.6% year over year.

“People are seeking livable outdoor space in denser environments like L.A.,” said Sandra Eaton, regional director West Coast at Compass Development Marketing Group. “They want terraces and balconies.”

They also seek the “lock-and-go” convenience of condos and townhouses, she added. “They want a lifestyle without encumbrances.”

While the city’s core is picking up steam, Los Angeles’s downtown area continues to suffer setbacks. Sales volume there declined by 35% in the fourth quarter, while recording only one luxury transaction, which the Compass report defined as a sale of over $1.5 million. The figures were in sharp contrast to the first quarter of 2020, which the report called “outstanding.”

Ms. Eaton said that while downtown projects are moving forward, Covid-19 has delayed some or changed the direction of others.

“We are already beginning to see that as inventory is absorbed in both resale and new development, the market is beginning to shift more favorably for these new developments,” she said. “Our research team reported new-development buyers at the highest end of the luxury market and price spectrum are still willing to pay top dollar for a premium product in this current environment, as the luxury $3 million-plus market has risen in both valuation and sales volume, with decreased days on market.”

Given these positive early indicators, she is optimistic that the downtown area will turn the corner soon, Ms. Eaton said. 

“It will come back when the sports arenas and conference halls reopen,” she said, adding that things are already showing signs of life.

Here is a selection of condo and boutique townhouse developments that either recently launched sales or are soon to do so in the Los Angeles area.

8899 Beverly, 8899 Beverly Blvd., West Hollywood’s Arts and Design District

Renderings: Binyan Studios

Some 10 years in the making, 8899 Beverly offers not only condo residences and penthouses but also a select number of boutique handcrafted homes on Rosewood Avenue, adjacent to the tower. 

The condos, in a Mid-Century Modern-style building that was once the home of the Los Angeles International Design Center, place a priority on indoor-outdoor living. Soaring ceilings, expansive outdoor spaces and floor-to-ceiling windows offer panoramic views of Beverly Hills, the Hollywood Hills, the San Gabriel Mountains and Century City.

The boutique homes, which replace a parking lot, complement the 10-story condo tower and combine natural materials such as wood, steel, glass, concrete and stone.

The homes and the tower residences promise the experience of a five-star hotel.

Sales launched in winter 2020.

Number of Units: 40 tower residences, eight houses
Price Range of Condos: $4 million to $25 million for the condo units; two penthouse units, which may be combined, start at $100 million for a single or at least $160 million for the double.
Price Range of Single-Family Homes: $7 million and higher
Developer/Architect: Townscape Partners/Olson Kundig
Condo Sizes: 1,100 to 4,200 square feet for one- to three-bedroom units. The penthouses are over 20,000 square feet.
Boutique House Sizes: 2,800 to 4,000 square feet for three- to four-bedroom homes
Amenities: The condos feature an outdoor space of over 12,000 square feet that has a pool, fireplaces and a covered dining area surrounded by extensive gardens. Indoors, there’s a fitness center and a yoga studio. In addition, there’s a 100-car parking garage and 16 showroom-quality private garages that have charcoal herringbone brick flooring and operable sliding wooden garage doors. The building has concierge-style service 24/7, a double-height lobby with custom furniture and Olson Kundig-designed lighting fixtures and concierge desk. Elevators are encased in solid bronze. Primary bedrooms feature floor-to-ceiling and wall-to-wall operable-glass systems that front expansive terraces. The boutique houses each have a plunge pool, and some feature accessory structures, guest houses and artist studios.
Website: 8899beverlyblvd.com

Renderings: Binyan Studios

Renderings: Binyan Studios

Renderings: Binyan Studios

Renderings: Binyan Studios

Rendering: Fat Tony Studios

The Addison, 724 N. Croft Ave., The Melrose District

Rendering: Fat Tony Studios

The first of a trio of exclusive boutique communities in The Melrose Collection, The Addison comprises two- and three-level luxury townhomes that are centered around wellness.

Blending contemporary character with refined comfort, The Addison is in a Spanish-influenced architectural style that features clean lines and modern accents, and blends in traditional natural materials, including limestone and plaster.

The homes, which have high ceilings and floor-to-ceiling glass doors, are designed to create an expansive indoor-outdoor living space that takes advantage of the California climate.

Sales will launch in April.

Number of Units: 28
Price Range: Starting at the mid-$1 million range
Developer/Architect: Etco Homes/Kevin Tsai Architecture
Townhome Size: 1,244 to 3,046 square feet
Amenities: Wellness comfort stations, an open-air design and atrium courtyard allowing for natural airflow, expansively wide hallways and spacious outdoor seating. The community lounge has a resident bar, a kitchen, a communal dining space and a pool table. Each residence has outdoor space ranging from 161 to 874 square feet, and premium layouts include spacious balconies and glass-lined terraces.
Website: theaddisonla.com

Photo: Etco Homes

Photo: Etco Homes

Photo: Etco Homes

Photo: Etco Homes

Parkhouse Residences, 4239 Uptown Newport Dr., Uptown Newport, Newport Beach

Rendering: Shopoff Realty Investments

This limited collection of boutique condominiums is located in a private back bay area of Newport Beach, the Orange County coastal city that’s a surfer’s and beach lover’s paradise.

The units—half-floor flats and duplex penthouses in five buildings of five stories each —feature interiors designed by the internationally award-winning firm of Blackband Design, which is based in Costa Mesa, California.

The homes, which have oversized windows and terraces, are designed to drink up the natural light and ocean breezes that characterize Southern California. 

Sales will launch in mid-April

Number of Units: 30 single-level, three-bedroom flats and duplex penthouses
Price Range: Starting from approximately $1.9 million
Developer/Architect: Shopoff Realty Investments/WHA Architects
Condo Sizes: 2,200 to 3,000 square feet
Amenities: A swimming pool with a cabana and an indoor-outdoor fitness center. 
Website: parkhouseresidences.com

Rendering: Shopoff Realty Investments

Rendering: Shopoff Realty Investments

Renderings: The Agency

West Hollywood Townhomes, 1250 N. Fuller Ave., West Hollywood

Renderings: The Agency

This trio of boutique townhomes, on the site of a once-vacant lot, are in the heart of West Hollywood within view of the iconic Hollywood sign.

Near the Grove, Runyon Canyon, the Sunset Strip, the Hollywood Hills and a variety of restaurants and other amenities, the development, made of brick, smooth stucco and eco-friendly panelized cladding, features Hollywood eclecticism.

The homes, which maximize open-air living spaces, exceed energy-efficiency standards and use passive cooling techniques to further reduce their carbon footprints.

Sales were launched in December 2020.

Number of Units: 3
Price Range: Starting at $2 million
Developer/Architect: Beach City Capital/Mul-Mac
Townhome Sizes: 3,100 square feet
Amenities: Oversized rooftop decks, private two-car garages, open-air floor plans, vaulted ceilings and ultra-luxurious finishes.
Website: beachcitycapital.com

Renderings: The Agency