9 90 0 WI L S HI R E B E V ER LY H I L L S
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PACIFIC OCEAN
GOLDEN MILE
BEL AIR
LOS ANGELES COUNTRY CLUB
BEVERLY HILLS
WILSHIRE BOULEVARD
BEVERLY HILTON
CENTURY CITY
SANTA MONICA BOULEVARD
BEVERLY HILLS
BEVERLY HILLS
9 90 0 WI L S HI R E B E V ER LY H I L L S
EXECUTIVE
SUMMARY
The fully entitled site
offers critical mass
for luxury residential
developers in one of
the wealthiest, most
desirable, and supplyconstrained markets in
the world.
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Savills and CBRE are pleased to present
the exceptional opportunity to acquire
the fee simple interest in the world’s
premiere residential development
site, 9900 Wilshire. Fully entitled to
construct 235 luxury condominiums in
the renowned city of Beverly Hills, the
nearly 8 acre site is one of the most
high-profile residential development
opportunities available in today’s global
marketplace.
The fully entitled site offers critical mass
for luxury residential developers in one
of the wealthiest, most desirable, and
supply-constrained markets in the world.
9900 Wilshire is an extraordinarily rare
development opportunity with no true
competition, as the project is the only
large-scale trophy residential project
to command a coveted Beverly Hills
address and the cachet of the globallyrecognized 90210 zip code.
This rare parcel is strategically
positioned, offering an incredible
view corridor, surrounded by the
world famous Beverly Hilton Hotel,
Los Angeles Country Club, and the
prominent intersection of Santa Monica
and Wilshire Boulevards. 9900 Wilshire
is within steps of a privileged amenity
base which includes world-class
shopping, exclusive dining, and trend
setting nightlife – a unique amenity base
available to very few markets around the
globe and a primary driver of Beverly
Hills’ high residential real estate values.
During construction and upon
delivery, the ultra-prime residential
condominiums at 9900 Wilshire will
appeal to the world’s most distinguished
buyers – all of whom will be prepared
to pay handsomely for the chance to
capture the elegance and the opulence
the Southern California lifestyle
provides.
Site & Entitlement Overview
Location
9900 Wilshire Boulevard, Beverly Hills, CA 90210
Land Area
7.95 Acres (346,310 SF)
9900 Wilshire Specific
Plan
235 Residential Units
15,856 SF Retail/Restaurant
876 Car Parking Spaces (below ground)
Gross Floor Area
901,514 SF (2.63x FAR)
Saleable Residential Area 731,739 SF
Entitlement Expiry Date
December 18, 2016
9 90 0 WI L S HI R E B E V ER LY H I L L S
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One-of-a-Kind Residential
Opportunity
INVESTMENT
HIGHLIGHTS
Centrally located,
9900 Wilshire offers
outstanding visibility and
serves as “the” premier
location to indulge in
the very best of the
California lifestyle.
9900 Wilshire combines a fully entitled
residential development parcel, a
prominent Beverly Hills address, and
access to an unparalleled amenity
base which epitomizes the Southern
California lifestyle. Opportunities of
this scale and prestige rarely become
available in a market such as Beverly
Hills due to the difficulties associated
with obtaining full entitlements and
procuring developable land in such a
high-profile and supply-constrained
location.
Irreplaceable Location at the
Epicenter of the Southern
California Lifestyle
Centrally located, 9900 Wilshire offers
outstanding visibility and serves as “the”
premier location to indulge in the very
best of the California lifestyle. Exquisite
shopping and dining along Rodeo
Drive, the global headquarters of the
entertainment industry in Hollywood,
the affluent commercial and business
district of Century City, and the vibrant
beachfront city of picturesque Santa
Monica – all converge upon 9900
Wilshire making this remarkable location
unlike any other in the world.
Amenities
Distance
Destinations
Distance
Los Angeles Country Club
Adjacent
Century City CBD
5 Min Walk
Beverly Hilton & Future Waldorf Astoria
Adjacent
Westwood – including UCLA Campus
5 Min Drive
Peninsula Beverly Hills Hotel
5 Min Walk
West Hollywood
5 Min Drive
Westfield Century City Mall
5 Min Walk
Hollywood
10 Min Drive
Rodeo Drive
10 Min Walk
Santa Monica
15 Min Drive
Four Seasons Beverly Wilshire Hotel
10 Min Walk
Downtown Los Angeles
25 Min Drive
Montage Hotel
15 Min Walk
Los Angeles International Airport
25 Min Drive
9 90 0 WI L S HI R E B E V ER LY H I L L S
Approximate Future View from Penthouse Floor Looking West
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Unique ‘Turn-Key’
Development
Severely Undersupplied Market
with Significant Demand for
Luxury Housing
Exclusive 8-acre Site Enabling
an Unparalleled Scope of
Development
Superior Demographics and
Market Performance
Favorable Pricing Compared to
other World-Class Markets
Flagship Development with
Incredible Corporate Branding
Potential
Current ownership has
meticulously processed
full entitlements from the
proper municipalities. Upon
transfer of ownership, the
incoming buyer will leverage
the value already created
and be able to immediately
commence construction – a
truly rare circumstance in the
highly regulated and supplyconstrained city of Beverly Hills.
The Beverly Hills condominium
market is severely undersupplied
with limited ultra-prime housing.
9900 Wilshire is poised to
greatly benefit from this material
lack of supply in the market
and will serve as Beverly Hills’
preeminent luxury residential
community.
At nearly 8 acres in size, a
development parcel such as
9900 Wilshire is extremely
rare due to the scarcity of
developable land as well as
political, zoning and entitlement
constraints for new projects in
Beverly Hills. The grand scale
of the site offers the ability to
create an unrivaled and ultraprime residential community
with complementary restaurant
and retail space. The synergies
created by the adjacent Beverly
Hilton and future Waldorf
Astoria Hotels, combined with
the project’s onsite amenities
and common open areas, will
enhance residents’ enjoyment
and add to the overall appeal of
this exclusive community.
Beverly Hills boasts some of
the most affluent demographic
statistics combined with
exceptional residential market
performance that maintains some
of the highest values in the world.
These combined forces produce
a market which is among the
most stable and well positioned
for an ultra-prime residential
project such as 9900 Wilshire.
While it is culturally poised
among the most elite cities in the
world, Beverly Hills is relatively
undervalued. Compared to
rival world-class cities such as
London, Paris, Hong Kong, and
New York, Beverly Hills offers
compelling prime residential
affordability. Subsequently,
this relative affordability will
enhance international demand
for the individual units of 9900
Wilshire upon delivery. The
relative affordability also allows
the incoming investor to obtain
a prestigious development
opportunity in Beverly Hills at an
attractively priced entry point.
The incoming investor is
positioned to not only benefit
from the financial success of
the investment but also the
intangibles related to the
project. Given the high-profile
and extraordinary visibility
associated with an investment of
this magnitude, the irreplaceable
9900 Wilshire address and
world famous 90210 zip code
will create a brand within itself.
Incoming ownership will be able
to leverage this cachet and enter
their corporate brand in the
league of “who’s who” in ultraprime, world-class residential
projects.
9 90 0 WI L S HI R E B E V ER LY H I L L S
Via Rodeo
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Il Pastaio
Rendering of Entitled Development
Four Seasons Beverly Wilshire Hotel
Via Rodeo
9 90 0 WI L S HI R E B E V ER LY H I L L S
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CONTACTS
Team Leadership
Laurie Lustig-Bower
Executive Vice President
CBRE
Lic. 00979360
T +1 310 550 2556
laurie.lustig-bower@cbre.com
Robert Stamm
Executive Managing Director MRICS
Savills
Lic. 01836595
T +1 949 679 9090
rstamm@savills.com
Regional Contacts
United States
Asia
Europe/Middle East
Debt Equity Finance Specialists
Andres Roldan
Director
Savills
Lic. 01846213
T +1 949 679 9076
aroldan@savills.com
Frank Marriott 马洛晖
Head of Capital Markets,
Asia Pacific
Savills
T +852 2842 4475
fmarriott@savills.com.hk
Chris Brett
Head of International
Capital Markets UK
CBRE
T +44 20 7182 2848
chris.brett@cbre.com
Ted Fentin
Senior Vice President
CBRE
T +1 310 550 2672
ted.fentin@cbre.com
Steven Ward
Associate Director
Savills
Lic. 01773125
T +1 949 679 9303
smward@savills.com
Rebecca Shum 沈蔚庭
Head of Investment Properties,
Int’l MSc MRICS
CBRE
T +852 9099 9884
rebecca.shum@cbre.com.hk
Rasheed Hassan
Director MRICS
Savills
T +44 20 7409 8836
rhassan@savills.com
Dan E. Gorczycki
Managing Director
Savills
T +1 212 328 3942
dgorczycki@savills.com
Kamran Paydar
Senior Sales Director
CBRE
Lic. 01242590
T +1 310 550 2529
kamran.paydar@cbre.com
Important Notice: CBRE, Savills, and their clients give notice that:
The information contained herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not
verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and
completeness. Any photographs, projections, opinions, measurements, assumptions or estimates used are for example only and do not
represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which
should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of
the property to determine to your satisfaction the suitability of the property for your needs.
Savills Broker Lic.
01951230
CBRE Broker Lic.
00409987