Los Angeles is an area that is constantly growing and changing to meet the demands and needs of its residents. Two projects are currently in the works to provide residents with more opportunities for shopping, enjoying cultured activities or simply finding a place to live. Among these is a new mixed-use building in Koreatown as well as a new exclusive club on Sunset Strip backed by actress Gwyneth Paltrow.
The Arts Club on Sunset Strip
Gwyneth Paltrow and her business partner, Gary Landesberg, are reportedly backing a new private club coming to Sunset Strip. The posh club, which will have a no-swearing-allowed policy, will cost $2,000 to join in addition to $2,000 per year dues. The club will be situated inside of a nine-story 132,000-square-foot building featuring vertical aluminum fins that will rotate with the building’s facade while still remaining in a fixed position. The building will take the place of the smaller Hustler Store, which was just 17,800 square feet, that Paltrow and Landesberg purchased this past spring.
The new building will include creative office space and a gallery on the first four floors. The fifth floor will boast a dining terrace, a gym and a screening room while the sixth floor will have 15 guest rooms for member use. The seventh floor will have another terrace along with an eatery and a lounge for member use. The eight floor will offer a Japanese/Latino restaurant, while the rooftop will feature a pool and another terrace. Meanwhile, the subterranean garage located off of Hilldale Avenue will offer 220 parking spaces.
Before it can be constructed, the Gensler-designed club needs to obtain a number of variances related to its design. Among these is a variance for its height. Once complete, the club will be located within blocks of a number of other expensive and exclusive clubs, including the Soho House’s Sunset Strip location. The building will also be just east of the planned James Hotel, which is expected to feature 165 rooms along with a rooftop deck.
Mixed-Use Building in Koreatown
Jamison Services is reportedly scrapping its plans for a modest seven-story mixed-use building in Koreatown and replacing those plans with a 32-story tower and a 14-story tower just west of The Line Hotel. The project also calls for the construction of a six-level structure for parking with nearly 32,000 square feet of retail space located at street level.
If the project goes through, it will take up nearly the entire half-block stretching from Sixth Street and Wilshire Boulevard along South Ardmore Avenue. In all, the complex is expected to hold 428 units in a convenient location across the street from the Purple Line’s Wilshire/Normandie stop.
Of course, this is only a small glimpse at the exciting new developments taking place in Southern California on a regular basis. To learn more about upcoming projects and real estate in Los Angeles and the surrounding area, contact our team of luxury real estate experts. We specialize in properties in the area’s most exclusive communities and neighborhoods.
There’s so much in plan for Los Angeles. If you’re looking to be a part of this growing community, take a look at a few of our available properties below and contact our agents for more information.
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(all data current as of 10/19/2017)
Listing information deemed reliable but not guaranteed. Read full disclaimer.