Four Seasons Private Residences Los Angeles project secures finance for construction
Holliday Fenoglio Fowler (HFF) has arranged $239m in financing for the construction of the Four Seasons Private Residences Los Angeles, a residential project that has been designed by architecture firm CallisonRTKL.
Construction of the project in Los Angeles, California, US, has already commenced and is expected to be completed in mid-2019.
Working on behalf of the developer, which is a partnership between Alcion Ventures and Genton Property Group (GPG), HFF secured a three-year construction loan through funds managed by The Children’s Investment Fund Management Limited.
Tthe Four Seasons Private Residences Los Angeles will have access to nearby Cedars-Sinai Hospital, the Beverly Hills 'Golden Triangle', and the North Robertson Boulevard shopping district.
The LEED-certified 12-story structure will have 59 houses.
GPG founding partner Jonathan Genton said: “This project will define luxury living in Los Angeles. It was critically important to our investors and international pool of buyers that we eliminated every potential obstacle before beginning primary construction.
“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 will feature several luxury features and amenities, including floor-to-ceiling, retractable glass walls, open-concept indoor/outdoor living, dining spaces, and gourmet kitchens.
It will also have spa bathrooms, separate glass-walled showers and dual-sink, marble-topped vanities, in addition to rooftop gardens.
The project will include a heated outdoor lap pool and poolside cabanas, a fitness centre equipped with spin, cardio and weight equipment, as well as private training and yoga rooms.