A 12,000-square-foot penthouse in a Los Angeles condo tower that has not been built yet is listing for USD50 million. The unit is drawing a lot of interest from Hong Kong and Singapore but developer, Genton Property Group, named no specific buyers, The Wall Street Journal reported.
The unit is designed to be “paparazzi proof”, a must have accessory for those living in Los Angeles, Jonathan Genton, founding principal of the developer, told the newspaper. Being spotted by paparazzi, even at home, has long been a problem for the city’s high-profile residents which include countless Hollywood stars.
The unit is completely keyless and accessed from a private elevator that goes from the garage directly to the apartment. The owner will be able to operate the elevator from his or her mobile phone elevator via software that can be downloaded, according to Genton. The Four Seasons Private Residences will be located adjacent to the completed Four Seasons Hotel, but the projects will not share any of the amenities of the hotel or common spaces.
The penthouse, on top of the 12-storey building, will be sold relatively blank as “white box” space for the buyers to design to their specifications. It is anticipated by Genton that buyers will have their own interior designers. There will be terrazzo or hardwood floors and accordion walls of glass that will open to one of four balconies. There will also be private access to a 9,000-square-foot rooftop with potential for a pool, gardens or whatever else the eventual owners desire.
The property will include more than just the penthouse. Three unit types will be offered, including a townhouse and single-floor units that start at USD2.5 million. There are also 5,000 sqf. units that will below the penthouse. These residences are like to list for USD20 million.
Units have been reserved by 17 prospective buyers but the paparazzi proof penthouse still remains available. The buyers were required to place a deposit of USD100,000 to USD 1million, in the 59-unit building. The development is expected to be completed sometimes in 2017.
