Rendering: DBOX for Alagem Capital Group

One Beverly Hills, a $2 billion project that promises to deliver two high-rise condominium towers, a luxury hotel, and eight acres of botanical gardens, was approved by the Beverly Hills City Council in a 4-1 vote on Tuesday, June 8. 

Councilmember John Mirisch was the sole “nay” vote. The former Beverly Hills Mayor opposed the project for its lack of affordable housing, stating that it “turns a potential inclusionary project into a castle-fortress of exclusion,” according to reporting by the Beverly Hills Courrier

Rendering: DBOX for Alagem Capital Group

In lieu of onsite affordable housing, the developers will pay the city a $100 million public benefit fee, which council members have suggested will go towards building below-market-rate units, although specific plans have not yet been outlined. Hotel taxes and condominium sale fees will generate additional revenue for the City.

Although One Beverly Hills was awarded the entitlements it needs to move forward in the development process, two additional items require a second and final City Council vote before construction can begin on the project.

Rendering: DBOX for Alagem Capital Group

Formerly occupied by the Robinsons-May department store, the vacant 17.4-acre property is owned by Alagem Capital and Cain International, who purchased it from Dalian Wanda Group in 2018 for $420 million. The development team tapped Pritzker Prize-winning architect Norman Foster of Foster + Partners to design the ultra-lush project at Wilshire and Santa Monica boulevards.

One Beverly Hills will include a pair of 28- and 32-story condominium towers with 303 units; a 10-story hotel-condo hybrid with 42 guest rooms, 37 branded residential units and a fine-dining restaurant; 35,236 square feet of retail and restaurant space; and 2,179 subterranean parking spaces.

Rendering: DBOX for Alagem Capital Group

The verdant grounds, envisioned by multi-disciplinary design firm, RIOS, will feature an elevated, eight-acre botanical garden over Merv Griffin Way. The sprawling greenspace will incorporate native and cultured plant species, a sculpture garden, serene water features, shaded seating areas and two miles of pathways. Approximately 4.5 acres of the botanical gardens will be publicly accessible, while the remaining 3.5 acres will be reserved for residents and hotel guests. 

The project could begin construction later this year following final approval. It’s expected to take 50 months to complete with the first residential move-ins starting in 2026.

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