Inside the luxury hotel-branded condos reshaping LA's skyline — with one approaching $1B in sales [Yahoo! Finance]
JARDINE MATHESON UNSP/ADR (JMHLY)
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Source: Yahoo! Finance
These days, Los Angeles developers are betting big on a flashy class of multimillion-dollar residences. Towering new condos are positioned to draw buyers away from the city's traditional stock of hilltop mansions — and the biggest names in ultra-luxury hospitality, like Rosewood, Aman and Mandarin Oriental, are in on the action. A mammoth project underway across 17.5 acres of Beverly Hills sits at the trend's bleeding edge. The $10 billion mixed-use campus, called One Beverly Hills, is a joint venture developed by Cain International and Alagem Capital Group, in partnership with OKO Group. One Beverly Hills will span 17.5 acres with branded condo towers, open space with botanical gardens, high-end retail and more. Foster + Partners A rendering of an Aman-branded condo at One Beverly Hills. Courtesy of Aman The sprawling acreage of residential, commercial and retail investments notably includes two Aman-branded condo towers 28 and 31 stories high. Homes there range from 2,550-s
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