area newsletter SEPTEMBER 2019 • WESTSIDE
20 19
Community News SBE Opens New Office in BH
housing within its city lines. The Community Corporation of Santa Monica has closed a deal on a bulk of lots that will become home to new affordable housing in the growing area. The developers paid $12 million for the property, utilizing funding from the Brahms Family Trust of Beverly Hills. Currently the .07 acres of land is the place of commercial buildings, but the developers intend to replace this with 55 affordable units and 3,500 square feet of ground floor commercial space. Current estimations for the project total are around $42 million with Santa Monica providing just over $14 Million. The Community Corporation develops and manages a range
SBE, the Lifestyle Hospitality Company behind notable establishments like Katsuya and SLS Hotels has new office digs in Beverly Hills. The purchase came after
of affordable properties’ around Santa Monica with a 39-unit senior affordable project being the most recent development.
a push for expansion arose from the growth of the Disruptive Group and Dakota Development. SBE also recently acquired Morgans Hotel Group Co., which at the time of the 2016 deal was valued at $805 million. SBE is known for developing and managing a wide-ranging hotel portfolio, residences, restaurants and nightclubs. When asked about the move to 90210, SBE Founder and Chief Executive, Sam Nazarian had this to say, “The area has really blossomed into a tech and entertainment hub, we’re surrounded by companies like Live Nation and Amazon and a lot of the top production companies are there”. The new office will house a culinary lab to test concepts for the rest of SBE’s portfolio. The company will be taking over an old art deco building located on Alden Drive and is expected to open at the end of August 2019.
Community Corporation of Santa Monica set to Build New Affordable Housing The city of Santa Monica will soon have new affordable
The City of Beverly Hills Finds a New Residential Investor With a bevy of new developments and repurposed spaces coming anew, Beverly Hills has a new investor with sights set on fresh residential digs. Michael Shva, a New York developer recently paid $130 Million for the 300,000 square foot residential and retail complex at 9200 Wilshire Boulevard. Shva sees the value in investing in the City of Beverly Hills and plans to add 54 luxury
Community News residential units to the building with 6,000 square feet
sits near other small-lot office buildings and industrial
proposed as retail space. This project is a joint venture
properties. The developers paid $12.5 million for the
between Shva and Turkish developer Bilgili Group and
land for which a date of completion has not yet been
Deutsche Finance. The deals follow after other recent
released.
acquisitions by Shva, like the The Raleigh Hotel in Miami from Fashion Designer Tommy Hilfiger and 685 Fifth Avenue in Manhattan which will be converted into luxury condos. The latter of the two will see Mandarin Oriental Hotel Group signed on to manage. The
Wiseman Residential Sets Sights on New Residential Complex in Venice
redevelopment of 9200 Wilshire Boulevard is set start within the next few months.
New Creative Office Space Planned for Santa Monica
Known developer Wiseman Residential has set in plans for a 77-unit apartment complex in Venice. Serving as one of their larger projects, the Sawtelle-based firm recently filed for a density bonus and maximum height increase for the development. The property would rise above 1600 E. Venice Boulevard and the request was The city of Santa Monica is currently reviewing a proposal for a 26,300-square-foot industrial design from an Encino-based entertainment law firm. The contemporary industrial designed project would be located on 1643-1651 Euclid Street and join the range of other creative office spaces breaking ground in the area. Untold Sums is the developer set to bring the design to life and will be managed by members of the firm Gettleson, Witzer & O’Connor, state records show. Construction of the project would include three levels if a 90-vehicle underground garage which currently
filed through the city’s Transit-Oriented Communities program. The TOC program allows for developers to add more units to a development located near transit if they make some of the units affordable. The property was picked up in March for $5 Million and was the former site of a more dated apartment building. Wiseman Residential builds and manages around 30 properties which are primarily located on the Westside and in Hollywood. Venice is quickly becoming one of the more in-demand rental residential market in the L.A. area due to a recent influx of tech companies and their affluent employees residing in the area.
Restaurant
Spotlight
Roberta's
TAR & ROSES
Dudley Market
8850 Washington Blvd. Culver City
602 Santa Monica Blvd. Santa Monica
9 Dudley Ave. Venice
While LA pizza might be different from the NYC original, the pizza at Roberta’s is just as worthy of its fame. Its baked to perfection with chewy crusts and excellent toppings that never overload the slice. You can’t go wrong with ordering any of their simple options like the Margherita, bee sting, or Cheesus Christ but they also have some phenomenal nontraditional pies on the menu as well, a must try is the garlicloaded Lil’ Stinker. If you come to
Tar & Roses is a globally inspired culinary experience and locally sourced menu. The Chef Andrew Kirschner has transformed his kitchen into a welcoming home feeling. Focusing on the element of the wood fired oven brings out the best flavor in the dishes. The octopus is one of our favorite dishes, always cooked to perfection, not too chewy…just right! Definitely don’t skip dessert here, all their deserts are too die for!
Dudley Market is the ultimate locals joint. The atmosphere gives you a charming and inviting feeling as soon as you walk in. You will feel like you have just entered a family dinner party! Between the extensive wine list, fresh seafood, seasonal options and just steps away from the beach you simple will not want to leave. Not to mention the service is exceptional from the owners to the back staff, always checking in and treating you like family.
Roberta’s for a couple pizzas and a bottle of wine you will have a great time!
SIGHTS & SOUNDS in LOS ANGELES
LACMA
Petersen Automotive Museum
5905 WIlshire Blvd. Los Angeles, CA 90036
6060 Wilshire Boulevard Los Angeles, CA 90036
J. Paul Getty Museum 1200 Getty Center Drive Los Angeles, CA 90049
CURRENT EXHIBITION:
CURRENT EXHIBITION:
CURRENT EXHIBITION:
Mary Corse: A Survey in Light July 28 - November 11, 2019
Hollywood Dream Machines: vehicles of Science Fiction and Fantasy Open Now - May 2020
Eighteenth-Century Pastel Portraits August 28, 2018 – October 13, 2019
Mary Corse’s first solo museum survey is a long overdue examination of this singular artist’s career. Initially trained as an abstract painter, Corse emerged in the mid-1960s as one of the few women associated with the West Coast Light and Space movement. She shared with her contemporaries a deep fascination with perception and with the possibility that light itself could serve as both subject and material of art.
Hollywood Dream Machines: Vehicles of Science Fiction and Fantasy explores cult classic films and stories that have envisioned fantastic futuristic worlds, technologies, characters and cars. Through props, design drawings and physical vehicle models, this exhibit brings pop culture’s visions of dystopian, utopian, and science fiction worlds to life.
Celebrating a medium that is often overlooked in other time periods, this exhibit delves into the favored form of portraiture in late 18th century Europe. Pastels allowed the artist to create classically beautiful works without the arduous process that oil painting often requires. This flexibility coincided with the growing class of people who patronized portrait artists, creating a unique body of work that represented both an evolving craft and an evolving society.
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