GPI Companies plans boutique condos at Brentwood retail site

Plans call for 14 units up to 4,000 square feet

TRD LOS ANGELES /
Aug.August 17, 2016 02:02 PM

UPDATED, 3:00 p.m., Aug. 17: Brentwood-based development firm GPI Companies is planning 14 luxury residential units on its home turf.

GPI’s plans call for a five-story, 55,943-square-foot building with additional ground floor commercial space, according to planning commission documents.

The property at 11770 West San Vicente Boulevard is currently a single-story retail center with multiple tenants. GPI acquired the 20,022-square-foot site for $23.5 million, according to CoStar.

At the time of the sale, tenants include Peet’s Coffee & Tea, Subway, First Republic Bank and Radco Realty. The nearly fully leased building will most likely be demolished, GPI director of development Nick Browne told The Real Deal.

The residential units would average 2,700 square feet and go upward of 4,000 square feet, he said. Amenities would include a rooftop pool and open space toward the back of the triangular lot.

Potential tenants could be empty-nester parents who are looking for a more urban and walkable neighborhood, or a bi-coastal businessperson with family on the Westside of L.A., according to Browne.

Browne said that his company saw an opportunity to fill a residential niche in Brentwood, as there not many condos of this caliber west of the 405.

“One of the biggest issues in our part of town in Brentwood is traffic so we asked ourselves, ‘How can we build something great here that fills a need but also reduce traffic?’” Brown said. “What we came up with was larger units.”

GPI’s plans envision two levels of subterranean parking. The firm tapped Montalba Architects of Santa Monica to design the complex.


Related Articles

arrow_forward_ios
The top five listings of the last seven days

Here are the priciest resi listings in LA County last week

Clockwise from top left: 12921 Marlboro Street, 22102 Pacific Coast Highway, 21536 Pacific Coast Highway, 820 N. Roxbury Drive and 334 S. Burlingame Avenue (Credit: Redfin)

Here are the priciest resi listings in LA County last week

The top sales of last week were all on the Westside

Here are the 5 priciest resi sales in LA County last week

Luol Deng and his Brentwood home (Credit: Getty Images, Realtor)

NBA player, real estate mogul Luol Deng drops price of Brentwood pad

Lindsey Buckingham, Michael Gross, and the home on Saltair Avenue (Credit: Getty Images and Zillow)

Buyer reveal: WeWork exec Michael Gross buys Fleetwood Mac guitarist Lindsey Buckingham’s Brentwood home

Lindsey Buckingham and 299 North Saltair Avenue (Credit: Getty Images)

Lindsey Buckingham goes his own way, unloads Brentwood mansion

Anton Lessine and 321 South Bristol Avenue (Credit: Getty Images)

Hollywood producer Anton Lessine sells Brentwood Park mansion for $17M

Kurt Rappaport amasses 3-acre spread in Brentwood for a new mansion

arrow_forward_ios