Beverly Hills Proposes New Residential Tower ‘The Eastern’

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Proposed design of The Eastern residential tower in Beverly Hills

News Summary

A new 34-story residential tower, named ‘The Eastern’, has been proposed by Millennium Partners in Beverly Hills. The project promises 249 residential units, including affordable housing, along with significant commercial space to enhance local amenities. While it aims to add vibrancy to the city, concerns from local businesses and community members have been raised regarding its impact. With strategic placement near the upcoming Purple Line subway extension, this project signifies a potential shift in Beverly Hills’ urban landscape.

Beverly Hills Welcomes New Vision with the Proposed ‘The Eastern’ Residential Tower

In the heart of Beverly Hills, excitement is brewing over a bold new project that could redefine the skyline and living options in this glamorous city. Millennium Partners Los Angeles, part of the well-known Millennium Partners out of New York, has just submitted a development application that could change the landscape of Wilshire Blvd. The proposed project, aptly named The Eastern, is set to be a 34-story residential tower, which, if approved, will stand majestically at 8300 Wilshire Blvd, taking the place of a currently modest single-story retail center.

The Tall Tale

If you can imagine a residential structure that tops the nearby 24-story building at 6500 Wilshire Blvd by a whopping ten stories, you’re picturing The Eastern! This ambitious tower, designed by the esteemed Handel Architects from New York paired with local landscape architects Rios from Santa Monica, aims to blend modern luxury with a welcoming community feel.

Homes for All

Not just a pretty face, The Eastern promises to bring some serious housing solutions to the area. The project features 249 residential units, primarily made up of condominiums that are geared toward younger residents looking for affordable living—truly a rarity in Beverly Hills! Of these units, 22 will be set aside as affordable housing for individuals and families with very low to moderate incomes. Typical sizes will hover around 1,500 square feet, making them ideal for young families and savvy professionals seeking below-market rates and community spirit.

Dining and Delights

The plans don’t stop at residential units; there’s a promise of flavor, too! The Eastern is set to feature 10,574 square feet of ground-floor commercial space, which is planned to be leased to two enticing restaurants. This not only aims to enhance the living experience for residents but also attract food lovers and shoppers, thus bringing fresh energy to the area.

Connecting the Dots

One of the exciting features of this project is its strategic location near the upcoming Purple Line subway extension, which aims to connect downtown Los Angeles to Westwood, adding not one, but seven new stations along the way. Because of this prime positioning, the project is seeking density bonuses to achieve its ambitious height and density goals, making it a much-talked-about endeavor in town.

Mixed Reactions

Parking Solutions

473 parking spaces to accommodate both residents and visitors. That should ease the typical hustle and bustle of Beverly Hills, ensuring that everyone can enjoy the area without the fear of parking nightmares.

The Road Ahead

As with any major construction project, timelines can be tricky. The construction of The Eastern hinges on city approvals, with plans already indicating that demolition of the existing structure might kick off in about two years. This timeline may shift, considering the city is currently in the midst of examining its housing goals, especially after approving its housing development plan just last year.

Although Millennium Partners has faced its share of hurdles in the past—like having to withdraw from a $1 billion office and multifamily project in Hollywood—the company remains optimistic about the potential of The Eastern to invigorate Beverly Hills as it connects to the forthcoming Metro subway. With a project of this scale, residents are certainly hoping for a future filled with possibilities!