CGI + Real Estate Strategies to Deliver the First Quality Institutional Hotel in Los Angeles Miracle Mile
Woodland Hills, California – CGI + Real Estate Strategies has secured all rights and will begin development of a major multi-use hotel / multi-family / retail project at the intersection of Wilshire Boulevard and La Brea Avenue in the Miracle Mile neighborhood of Los Angeles.
639 La Brea will be the only quality institutional hotel with over 100 rooms in the Miracle Mile / Mid-Wilshire area. The boutique-style hotel, which is slated to accommodate both business and leisure travelers, will offer rooms ranging in size from 320 to 415 square feet, as well as two top-floor suites of up to 1,200 square feet. square feet. Facilities will include 3,500 square feet of event space, a rooftop terrace and swimming pool with stunning views of downtown Los Angeles, Hollywood Hills and Century City.
The residential part will consist of 121 apartment houses consisting of one, two and three bedroom floor plans with 18 units reserved for extremely low income households and one for a moderate income household. Each apartment home will include hardwood floors, a built-in washer / dryer, home automation controls for security and climate, as well as direct access to neighborhood services. Common area amenities will include a state-of-the-art fitness center, rooftop terrace with interactive lounge areas, and swimming pool and bicycle storage. Given the close proximity to the metro station, residents of the property will also receive Metro TAP cards and have access to on-site car and bike sharing.
CGI + has hired renowned New York-based architecture and interior design firm Morris Adjmi to design the project, which will be its first in Los Angeles. The architect is known for designing single-story buildings that celebrate neighborhoods through its simplicity of design and historical context. Notable Adjmi projects include the Wythe Hotel in Brooklyn, The Standard at South Market in New Orleans, Il Palazzo in Fukuoka, Japan, The Edition Hotel and Residences in Tampa Bay, FL and Front & York, a residential building. a million square feet. in the historic Dumbo district of Brooklyn.
“639 La Brea will anchor a district that takes on its full meaning. “ said Andre Soroudi, Executive Vice President, Acquisitions and Development at CGI +. “Our goal has always been to create a project of scale, scope and design that fits appropriately into the community while becoming a focal point of activity for the neighborhood. In addition to the great rooftop and ground floor dining offerings, its location next to the subway station will provide easy connectivity to jobs and attractions in downtown Los Angeles, Koreatown, Museum Row. , Beverly Hills and the Westside, making it easier for our residents and hotel guests’ dependence on automobiles, added Soroudi.
About CGI + Real Estate Investment Strategies
CGI + is a boutique real estate investment and strategy firm offering high quality personalized service and performing assets. We seek to positively shape the future for the spaces we all live in, while rewarding both our investing partners and the local community. We provide sound advice while negotiating property sales and acquisitions in a personal and skillful manner. We organize financing and equity at the lowest possible cost according to the risk profile of the transaction.
We are committed to creating genuine connections and lasting experiences for our CGI + community, delivering both financial and emotional benefits.
For our investors, we will cultivate a culture of innovative thinking, high returns, trust and a sense of belonging with successful, like-minded individuals.
For our consumers, we will create an experience of well-being, focused on functionality and lifestyle; adapt and build for what people want and need now and in the future.
For the community, we will be a meaningful and involved partner who positively improves the neighborhoods we serve.