Amazon CEO Jeff Bezos grabbed headlines back in February for purchasing the most expensive single-family home ever sold in Los Angeles, but a new record could soon be set for the priciest condo sale.
Tyler Siegel, the managing partner and co-founder of development company Townscape Partners, told The Wall Street Journal in a recent interview that he intends to list the full-floor penthouse at 8899 Beverly in West Hollywood for “nine figures-plus.”
At 20,000 square feet, the bespoke residence ranks among the largest single-story penthouses in the world. It was newly constructed atop 8899 Beverly, an adaptive-reuse project slated for completion this fall, on a 17-inch-thick concrete floorplate.
Encased in glass and steel, the penthouse boasts a private elevator, 14-foot ceilings, a 4,000-square-foot terrace clad in Italian travertine, and operable Vitrocsa window wall systems that offer sweeping, 360-degree views.
The Wall Street Journal also noted that the Olson Kundig-designed penthouse could accommodate eight to ten bedrooms, depending on how the buyer chooses to customize the space. The hefty price tag also comes with four private parking spaces in the underground garage.
Situated near the intersection of Beverly and Robertson Boulevard in West Hollywood, 8899 Beverly is the former home of the Los Angeles International Design Center. The iconic mid-century building features 40 condominium residences and eight single-family homes, which are positioned along Rosewood Avenue.
Even if the penthouse sells short of $100 million, it will likely trounce Candy Spelling’s record-breaking 2010 purchase of a $35 million condo at The Century in Century City.