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<\/a><\/p>\nRendering:\u00a0DBOX<\/a>\u00a0for Alagem Capital Group<\/em><\/p>\n An <\/span>initial study<\/span><\/a> prepared by the City of Beverly Hills sheds new light on the proposed <\/span>One Beverly Hills<\/span><\/a> project. We first reported<\/a> on the $2 billion condo-hotel hybrid back in June, when it was announced that British architect Norman Foster of <\/span>Foster + Partners<\/span><\/a> would be designing the <\/span>Alagem Capital<\/span><\/a> and <\/span>Cain International<\/span><\/a>-backed development.\u00a0<\/span><\/p>\n According to the report, the 17.4-acre project site would be enhanced with two residential buildings comprising 303 units, a luxury hotel with 42 guest rooms and 37 for-sale condominiums, 35,236 square feet of restaurant and retail space, 2,1794 subterranean parking spaces, plus 10 acres of public and private open space.<\/p>\n Rendering:\u00a0DBOX<\/a>\u00a0for Alagem Capital Group<\/em><\/p>\n Multi-disciplinary design firm, <\/span>RIOS<\/span><\/a>, imagined the verdant grounds, which would feature an elevated, eight-acre botanical garden over Merv Griffin Way with native and cultured plant species, sculptures, water features, shaded seating areas, two miles of walking\/running pathways, a restaurant and other amenities.\u00a0<\/span><\/p>\n Approximately 4.5 acres of the botanical gardens would be publicly accessible, while the remaining 3.5 acres would be reserved for residents and hotel guests. Each component of the landscape design would contain one mile of pathways.<\/p>\n Rendering:\u00a0DBOX<\/a>\u00a0for Alagem Capital Group<\/em><\/p>\n The two new residential towers would be known as the Santa Monica Residences<\/a> (32 stories) and the Garden Residences<\/a> (28 stories). The luxury hotel and condominium complex is referred to as the Wilshire Building<\/a> in the report and would be approximately 124 feet in height. A multi-level promenade would connect the three structures and house resident amenities.<\/p>\n The Beverly Hilton site would undergo changes as well, seeing the demolition of the existing Beverly Hilton conference center, the 181-room Oasis Building and a parking structure adjacent to Santa Monica Boulevard.<\/p>\n Rendering:\u00a0DBOX<\/a>\u00a0for Alagem Capital Group<\/em><\/p>\n These buildings would be replaced by a brand new conference center with restaurants, retail and meeting space as well as proposed commercial uses, including a boutique food market, retail and dining, and 36 poolside hotel rooms. The Beverly Hilton\u2019s Wilshire Tower and the existing Waldorf Astoria Beverly Hills would remain intact.<\/p>\n<\/a><\/p>\n<\/a><\/p>\n<\/a><\/p>\n