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"Alagem Capital Group, in partnership with London-based real estate investor Cain International, has revealed the Foster + Partners-designed master plan for a 17.5-acre mixed-use development that will pack a massive amount of landscaping into the heart of Beverly Hills," reports Matt Hickman.
The development site is currently home to the Beverly Hilton, the Waldorf Astoria Beverly Hills, a gas station, a parking garage, "and a patch of vacant land where the iconic Robinsons-May department store, opened in 1952 and demolished in 2014, once stood," according to Hickman. The development site is also adjacent to the site of the Los Angeles Country Club, an infamous location for its prominence in the broader landscape and its questionable benefits from the state's tax codes.
"The two existing hotels, both owned by Alagem Capital, will remain and be joined by a third 'ultra-luxury hotel' along with a pair of balcony-wrapped residential high-rises with just north of 300 new residences between them," adds Hickman. "The master plan also calls for a four-story pavilion that will be home to retail and dining. In a central design element that appears more Singaporean than Southern Californian in flavor, the development will be anchored by 10 acres of planted open space, including 4.5 acres of open-to-the-public botanical gardens and sculpture parks with a mile-long network of public footpaths winding through it all."