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

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
Compass' Morgan Trent and Aaron Kirman (Compass and Aaron Kirman)
Compass’ Aaron Kirman taps dedicated team for Orange County
Compass’ Aaron Kirman taps dedicated team for Orange County
A home burning in the Sierra Nevada earlier this week (Getty)
Dixie fire is threatening 10K structures
Dixie fire is threatening 10K structures
SeneGence founder Joni Rogers-Kante bought the home in 2017 (Coldwell Banker Realty, SeneGence)
Multilevel marketing CEO seeks $50M for Irvine mansion
Multilevel marketing CEO seeks $50M for Irvine mansion
Los Angeles housing market reaches new heights (Getty)
Los Angeles home prices, sales soar to new records in Q2
Los Angeles home prices, sales soar to new records in Q2
Helen Mirren and Taylor Hackford with their Hollywood home (Getty, Redfin)
Helen Mirren and Taylor Hackford list storied Hollywood estate for $18.5M or $45K per month
Helen Mirren and Taylor Hackford list storied Hollywood estate for $18.5M or $45K per month
Stan Kroenke and Malibu Colony Plaza (Getty, Newmark Knight Frank)
Here’s what tenants pay at Stan Kroenke’s Malibu Colony Plaza
Here’s what tenants pay at Stan Kroenke’s Malibu Colony Plaza
Director Todd Phillips and the property (Getty, Coldwell Banker Realty)
“The Joker” director seriously asks $35M for Beverly Hills mansion
“The Joker” director seriously asks $35M for Beverly Hills mansion
Big Ticket scores big sale on unfinished Malibu estate
Big Ticket scores big sale on unfinished Malibu estate
Big Ticket scores big sale on unfinished Malibu estate
arrow_forward_ios

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

Loading...