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GPI Cos. starts work on West Hollywood luxury resi complex
The prolific development and investment firm’s project will include 46 units, with ground-floor retail and restaurant space
Another project by GPI Companies is underway, this time in West Hollywood.
The prolific real estate development and investment firm this week broke ground on a 46-unit luxury residential complex at 9001 Santa Monica Boulevard.
The four-story development, which will include eight affordable units, was designed by Steinberg Hart and Work Plays Studio.
The 135,000-square foot-project will include ground-floor retail and restaurant space. Amenities will include a fitness center, pool deck, landscape outdoor terraces and living areas, and two-level parking garage.
Construction will be completed in 2021. Build Group is the general contractor.
In November, Brentwood-based GPI announced plans to repurpose the vacant Macy’s at the former Westside Pavilion mall into a 230,000-square-foot office complex.
GPI is also set to replace the legendary Amoeba Music store in Hollywood with a 26-story apartment tower.
Last September, GPI acquired a manufacturing complex leased by toymaker Mattel for $84 million from Angelo Gordon & Company. That came less than a month after GPI closed a $300 million commitment for its real estate fund from a state pension fund.