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Real Estate

"I was absolutely astonished by the beauty of this project and the property, and I know it will be maintained in a fashion that it deserves to be maintained," said Commissioner Peter Ostroff .

"Thirty years ago, Jeff and I started on this journey. Throughout, a great partnership and a deep friendship were forged, and Hilton & Hyland emerged as a force in the industry.

"The city has outlined mixed use, the Purple Line is coming forth, One Beverly Hills, there is so much happening. Also on Wilshire a lot of mixed-used projects are moving forward, including more office space that's being built … it's a very comprehensive, healthy situation."

To qualify for the Registry, a building must meet several criteria listed in the 2012 Beverly Hills Historic Preservation Ordinance.

A luxury hotel and condominium development that would reshape the City's western Wilshire Boulevard and Santa Monica gateways.

"The Planning Commission is unable to recommend whether or not the development agreement is consistent with the general plan, because the commissioners hold the differing views regarding consistency with the general plan and were unable to reach a consensus."

"We delivered with the Waldorf Astoria everything we promised and more. The financial return exceeded the city's estimates," Alagem told the Commission.

One Beverly Hills will offer two hours free public parking and promises to never close the park for private events at the hotel.  

The inspiration even extends to the logo for The Beverly Hills Estates, which features a cheery script reminiscent of the Beverly Hills Hotel's emerald-green signage.

"I think that if we can at least meet or exceed the state standards, we will be demonstrating good faith to HCD in our efforts to accommodate to the overriding purpose of the Rena allocation," said Commissioner Thomas Hudnut.