Scott Gillen’s luxury Malibu cliffside community has 1st home in contract

The developer's 5 planned Case homes will be protected by fire retardant wall and guard tower

TRD LOS ANGELES /
Mar.March 15, 2019 03:00 PM
Scott Gillen and a rendering of The Case

The luxury cliffside residential community in Malibu that developer Scott Gillen is building is in contract on its first home.

One of the five planned homes is in escrow for $40 million, according to the Wall Street Journal. The gated compound will include a fire retardant wall, a 24-hour guard tower, fire hydrant and sprinkler system for the community.

The home is in escrow and expected to be completed next year, according to the Journal. There will also be a fire retardant wall, a 24-hour guard tower, fire hydrant and sprinkler system for the community.

The community is on a 24-acre cliffside site along Pacific Coast Highway. In an interview with The Real Deal in August, Gillen said the homes will be around 11,000 square feet and range between $40 million and $60 million. He called them “five fucking spectacular mid-century modern homes.” That high-end number has jumped to $100 million, according to the Journal.

After the Woolsey Fire that devastated Malibu in November, Gillen said he would offer homeowners at the Case community their own firefighter team.

The land for the Case cost $50 million. The seller was Oaktree Capital and Big Rock Partners — a joint venture that took 11 years to secure coastal development permits for the site.

Gillen and his firm Unvarnished have built spec homes around Malibu with a minimalist style. Earlier this year, his $400-million offer to purchase the 157-acre land called “The Mountain” in Beverly Hills Post Office was denied. [WSJ]Gregory Cornfield


Related Articles

arrow_forward_ios
Jason Oppenheim and Josh Flagg (Credit: Alberto E. Rodriguez/Getty Images and iStock)

Pent-up demand lives! L.A. County home deals up year-over-year

Pent-up demand lives! L.A. County home deals up year-over-year
Frederik Eklund and a rendering of 8899 Beverly Boulevard (Getty, building courtesy of 8899 Beverly)

In tough market, West Hollywood condo developer plans $100M listing

In tough market, West Hollywood condo developer plans $100M listing
An illustration of Fortress Investment Group CEO Wesley Edens (Credit: Craig Barritt/Getty Images, and Zillow)

Do I hear $90M? Fortress now wants to auction Hearst estate

Do I hear $90M? Fortress now wants to auction Hearst estate
Mauricio Umansky and the office (Credit: Google Maps)

The Agency closes Palm Springs office amid larger cuts

The Agency closes Palm Springs office amid larger cuts
LeBron James and the home at 9955 Beverly Grove Dr.

Another palace for the king: LeBron James buys Beverly Hills mansion: sources

Another palace for the king: LeBron James buys Beverly Hills mansion: sources
James Perse and Ted Waitt (Credit: George Napolitano/FilmMagic via Getty Images)

Gateway computer co-founder picks up Malibu pad for $34M

Gateway computer co-founder picks up Malibu pad for $34M
The Hearst mansion's fate is tied into bankruptcy court. (Credit: Istock)

Hearst mansion owner’s bankrupt LLC got a $150K federal bailout

Hearst mansion owner’s bankrupt LLC got a $150K federal bailout
6156 Ramirez Canyon Road and 20 37th Place (Credit: Redfin)

This way to the beach: Homes next to ocean topped priciest sales

This way to the beach: Homes next to ocean topped priciest sales
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...