LOS ANGELES — A $100-million boutique condominium complex rising in the vaunted Golden Triangle district of Beverly Hills is escalating Southern California's luxury vertical-living rivalry with a potential five-star restaurant, private pools and the kind of pampering that might lure elite downsizers from their sprawling estates.
The swanky 17-unit building where a home could sell for more than $40 million — a price not yet seen in the region's condo market — will be managed by Rosewood Hotels & Resorts, a Hong Kong hospitality company known for operating luxurious residential-style hotels, developers said Tuesday.
The announcement of Rosewood Residences Beverly Hills comes as top-echelon condominiums are hitting new peaks in Los Angeles County with potential to top the record price of $35 million set in 2010 by Candy Spelling, widow of producer Aaron Spelling, when she bought a penthouse in Century City. At the new 8899 Beverly luxury building in West Hollywood, owners want $50 million for a penthouse.
