December 13, 2005 – Legacy Partners Teams Up with the Directors Guild in West Hollywood Rez Project
Article Date: 12/13/05
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Foster City-based Legacy Partners has entered into a long-term ground lease with the Directors Guild of America to replace an existing parking lot and develop a new $60 mil mixed-use luxury apartment rental community. The development, located at 7950 W. Sunset, is conveniently located near the 101 Fwy, with shopping centers, boutiques, restaurants and entertainment located within walking distance. It is now under construction and will feature 183 apartments and ground level retail when it opens in summer 2007.
The five-story apartment project is located along the famed Sunset Strip, at Hayworth Ave, with views of the Hollywood Hills and downtown Los Angeles. It will feature dramatically styled single-story flats and town homes ranging in size from 591 sf to 1.2k sf. Residents and visitors will have abundant dining and shopping options to choose from in the project’s 13.3k sf of restaurant/retail space situated along Sunset Blvd. 7950 W. Sunset will also feature three levels of parking for residents, guests, retail customers and Directors Guild patrons, as well as two levels of privately controlled access subterranean parking for residents.
The Apartments at 7950 W. Sunset will range in price from $1,750 to $3,400 per month. There will be 28 studios, 81 one-bedroom units and 74 two-bedroom homes available for lease.
Units at 7950 W. Sunset will feature custom kitchen cabinetry with freestanding islands, granite kitchen countertops and upgraded finishes throughout. Bathrooms will feature granite counters, oversized tubs with showers in master suites, and freestanding vanities. There will be stained concrete flooring in first-level apartments, slate flooring in second- and third-level units, wood flooring in penthouse homes with dramatic 9- to 17-foot ceilings, and energy-efficient central air conditioning and heating throughout.
All apartments will include stainless steel appliance packages, full-size washer/dryers, refrigerators, dishwashers, gas ranges with microwaves, flat-screen TVs in kitchens, and ceiling fans in living areas and bedrooms. High-tech features include a private security alarm option, pre-wiring for high speed Internet access and cable TV. Residents will enjoy outdoor patios and balconies with dramatic views of downtown Los Angeles and the Hollywood Hills.
Community amenities and services at 7950 W. Sunset include: a 7k sf clubhouse with state-of-the-art entertainment equipment; a sports lounge with plasma televisions; an elevated swimming pool with spa, cabanas and sundeck; and four rooftop sky terraces, with a lounge, fireplaces, water features and spectacular views. Residents also will have access to a Business Center, complete with computers, Internet access, fax machine, scanner and a color copier, along with a conference room that can be reserved for business or personal meetings. A 3.1k sf Health Center will include state-of-the-art fitness equipment with attached television monitors, an aerobics/yoga floor, Pilates and cardio equipment, wet and dry saunas, locker room and service bar. 7950 W. Sunset will also feature interior landscaped courtyards with fountains, fire pits and intimate sitting areas for residents to enjoy.
The project team for 7950 W. Sunset includes: Legacy Partners Residential, Inc, developer; Legacy Partners Builders Inc, general contractor; AIG Global Real Estate, financial partner; Guaranty Bank, lender; Thomas P. Cox Architects Inc, architecture; HRP Landdesign, landscape architecture and design; Fuscoe Engineering, civil engineering; and Faulkner Design Group, interior design.
www.7950westsunset.com