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

Feb.February 25, 2020 09:30 AM
GPI Companies founders Cliff Goldstein and Drew Planting with a rendering of the project
GPI Companies founders Cliff Goldstein and Drew Planting with a rendering of the project

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.

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