New Century

Los Angeles’ crescent-shaped Century Plaza Hotel was built in 1966 — hardly historic vintage by European (or even East Coast) standards — but with its significant role in the entertainment industry and presidential politics, the iconic building is a bona fide landmark. Local preservationists saved it from the wrecking ball, and now it is being reimagined as part of an ambitious
$2.5 billion project.

The 19-story midcentury hotel was originally designed by Minoru Yamasaki, the renowned architect for Manhattan’s now-defunct World Trade Center as well as a familiar pair of twin towers in Century City. The Century Plaza will be reopened as the Fairmont Century Plaza Hotel & Residences, a new jewel in entertainment industry-saturated Century City.

Behind the 400-room hotel will soar a pair of 44-story high-rises accommodating some of L.A.’s most luxurious condominium residences, an homage to Yamasaki’s penchant for twin towers. The project, a venture of Next Century Partners, with primary funding from Century City-based Woodridge Capital Partners, reflects an ongoing renaissance of Century City, which was originally developed on the back lot of 20th Century
Fox studios.

Mary Ann Osborn, Managing Director of Sales & Marketing for the Century Plaza Residences, indicates Century City is evolving into a more 24-hour, walkable neighborhood. “We’re receiving considerable interest from people who work in Century City, so they have an opportunity to walk to work, which is quite a rarity in L.A.,”
she reports. 

 

A total of 268 residences will be accommodated in the two towers rising above the hotel. Condominiums in the north tower are currently being marketed, ranging from a 962-square-foot unit priced at $1.7 million to a 3,954-square-foot (3-bedroom/4.5-bath) condo on the 35th floor offered at $10.8 million. Floor-to-ceiling windows provide panoramic views from Hollywood to the Pacific Ocean, while generous glass-railed balconies capitalize on L.A.’s signature indoor-outdoor lifestyle. “Many buyers are downsizing from large homes in the area, but still demand the amenities of a luxury estate property,” says Osborn, who adds, “They want a lock-and-leave lifestyle with every need taken care of.”

The amenity package for the tower residences includes fully-staffed health-and-wellness facilities, children’s playroom, business center, screening room, game room with bar, wine lockers, and dining rooms. Also provided is an outdoor swimming pool, gardens that encompass a yoga/meditation lawn, dining terrace and dog park. Occupancy for the north tower is anticipated in the fourth quarter of 2020.

Hotel’s grand lobby. 

Exclusive event venue. 

The new Fairmont Century Plaza Hotel transforms a landmark for a new generation but recaptures the glamour of the former hotel, popular with celebrities and heads of state. The original architecture, a 20th century style known as New Formalism, is generally being retained by the new design team, but modernized both aesthetically and functionally.

Three acclaimed architectural firms — New York-based Pei Cobb Freed & Partners and L.A.-based Gensler and Marmol Radziner — are collaborating on the project along with international luxury hotel interior designers Yabu Pushelberg. Entrance to the hotel will be through a plaza anchored by a large-scale, interactive sculpture by celebrated Spanish artist Jaume Plensa and refreshed by water features.

Bedroom at Fairmont Residences. 

In addition to the tower residences, 63 Fairmont-branded luxury residences are offered in the new hotel, available for occupancy in the fourth quarter of 2019. The Fairmont Residences, accessed through a 24-hour security gate leading to a private building entry and dedicated elevators, will enjoy the services of a five-star hotel and privileges at all of its facilities. Currently offered at the Fairmont is a 2,550-square-foot unit at $5.7 million, while a one-bedroom, 1,539-square-foot condominium is priced at $3.232 million.

Homeowners at the Fairmont Century Plaza will appreciate state-of-the-art technology while residing in an iconic, historic hotel that represents the very essence of the Century City lifestyle. Each of the hotel residences reflects a blend of classicism and modernism, with usable terraces blurring the lines between indoors and out. These units represent ideal pieds-à-terre for international entrepreneurs, professional athletes or entertainment industry executives who insist on privacy and convenience, along with a subtle dose of Hollywood glamour.

Century City, overshadowed by Beverly Hills and West Hollywood a decade ago, has reemerged as one of the hottest luxury markets in L.A., and this Century Plaza development is occurring during an impressive renaissance of the district. The neighboring Westfield Century City shopping center recently completed a $1 billion renovation, making the venue a regional attraction for high-end boutiques, restaurants and entertainment.

Fairmont Residences duplex.

Osborn notes that an additional 100,000 square feet of retail space incorporated into the project will further ensure a 24-hour, amenity-rich experience, and that Century Plaza Residences is responding to Angelenos’ newfound appreciation for vertical living. Osborn also reports considerable interest from international buyers, both European and Asian, who are familiar with Century City through business or know it from shopping in adjoining Beverly Hills.

The Fairmont Century Plaza Hotel and Century Residences, with units commanding more than $2,700 per square foot, demonstrates confidence in the luxury housing market and overall economy of both Century City and Greater L.A.

Renderings courtesy of DBOX. 

Since Hurricane Harvey struck in August, Port Aransas has reopened 2,000 vacation homes, hotels and restaurants and continues to implement major upgrades to its beach towns.

The 18 mile seaside community of Port Aransas on Mustang Island is welcoming back throngs of tourists for what’s expected to be a busy summer season. The island’s beaches are in great shape, while its hotels, restaurants and vacation communities continue to reopen with major upgrades, expansions and improvements since Hurricane Harvey struck the Texas island in August 2017. Known as Texas’s fishing capital, Port Aransas is welcoming anglers back to its channels, back bays and public piers starting this summer to catch their favorite species. While fishing tournaments take place throughout the season, the two biggest include the 25th Annual Fishing Break Tournament from June 22 to 23, and the 83rd Deep Sea Roundup, claimed to be the oldest of its kind on the Gulf Coast, from July 12 to 15. The destination’s Hampton Inn is expected to reopen by August 2018 with the Holiday Inn opening this fall. 

Upcoming developments from Cinnamon Shore, Palmilla Beach, Sunflower Beach and other tourism partners call to double the number of accommodations to 8,000 and reach 10 million visitors in the next five years.

Cinnamon Shore, an upscale master-planned beachfront, family- and pedestrian-friendly community, features 200 single family beach homes and 85 Town Center residences with poolside restaurants and retail space opening this summer. 2,100-2,400 square feet penthouses are priced from $790,000 and come with private elevators. Town Center retail spaces feature a market, bottle shop, coal-fire pizza restaurant with outdoor seating and a candy and ice cream store. Cinnamon Shore homes range from $500,000 up to $4 million. Lots are priced from $150,000 to $1.4 million. Cinnamon Shore’s owner, Sea Oats Group, is also investing $1.3 billion in new vacation homes on a 300-acre expansion.

 

Palmilla Beach Resort & Golf Club incorporates the relaxed personality of a beach town with the beauty and elegance of a luxury resort. This Mark Schnell-designed, master planned community is reminiscent of Florida’s highly acclaimed Rosemary Beach – where meticulously planned streetscapes epitomize walkable urbanism, invite connectivity and friendly interaction.  New luxury two-bedroom seaside condos opened over Memorial Day weekend starting in the $500,000 price range and featuring open living areas, covered garages and large covered balconies. One-bedroom condos can range from $395,000. Palmilla Beach homesites start in the $200,000’s and go up to $1.4 million. Single-family homes can range from 1,800 square feet to 6,000 square feet and range in price from the $700,000’s to up to $4 million for the larger-sized home option, GlobeSt.com learns.  Palmilla Beach plans to open a mixed-use development that could include a fitness facility, gelataria and a coffee shop.

Sunflower Beach Resort & Residences, nestled among 50 acres of protected dune preserves, features 21 single level poolside condos and is developing 25 new ultra-luxury one- and two-bedroom beach cabins priced from $382,000 to $499,000 in a new community called The Camp. The planned mix of custom-built homes, luxury beach cabins and modern condos are complemented by a central beach club, direct beach access and a short walk to downtown Port Aransas.In other developments, a major 2,000-person conference center is being planned, as well as a large sports complex and amphitheater. Port Aransas will also be the site of this year’s Texas qualifying events for the 2018 World Food Championships, from October 3 to 6.

Photos courtesy of Port Aransas/Mustang Island Chamber of Commerce & Tourism Bureau

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