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The Real Deal Los Angeles

Mr. C branded residences in Beverly Hills start at $5M

Luxury units adjacent to hotel cost up to $2,513 psf
By Subrina Hudson | June 23, 2017 02:30PM

L to R: Rendering of Mr. C branded residences, Mr. C Beverly Hills (The Agency)

Fans of Mr. C Beverly Hills will now have an opportunity to own a slice of the Hollywood-style hotel’s aesthetic.

The first-ever Mr. C branded residences, adjacent to the flagship hotel, opened Friday with prices ranging from $5 million to $8 million, or $2,513 a square foot to $2,380 for the largest condominium, a spokesperson for listing brokerage the Agency told The Real Deal. 

The condos, which were expected to have some of the heftiest price tags in Beverly Hills history, did not eclipse those at the Montage, which opened its condos in 2009. Condos at the Montage sell for as much as $3,000 a foot, TRD previously reported.

The five residences were developed by an affiliate of the family real estate company Atlantic Pearl. The affiliate, run by Bob Ghassemieh and his uncle Alex, scooped up the condominium site in 2006.

Designed by famed architect Ray Kappe and designer Marcello Pozzi, the two-bedroom, four-story residences range from 1,990 to 3,358 square feet. The homes have private elevators and automated entry, sound, lighting, blinds and ambiance control, the spokesperson said.

The building has a concierge, pool, spa, fitness center, meeting spaces, valet, housekeeping and a complimentary chauffeured luxury vehicle. Owners have the option to rentback their residence to the hotel.

The hotel, operated in partnership with brothers Ignazio and Maggio Cipriani of the famous Cipriani hospitality family, opened in 2011 and quickly became known for its yacht-like interiors.

The Ciprianis own a majority stake in the Mr. C brand and a miniority stake in the real estate, according to Ghassemieh.

Other hotel-condo projects on the horizon include the Edition Hotel by New York developer the Witkoff Group.