Balfour Beatty Brings Signature Multifamily Project to Sunset Boulevard - Saves Owner $21 Million
Sunset & Gordon is a mixed-use, 547,500-square-foot residential tower located on 1.7 acres at the northeast corner of Sunset Boulevard and Gordon Street in Hollywood, California. Designed by GBD Architects, the new residential tower offers 299 rental units above 36,688-square-feet of office space, 12,229-square-feet of retail and restaurant space, and a parking garage with 523 spaces. The tower features office space on the third and fourth floors, and rental units on floors five through 22 with panoramic views of the surrounding areas. Additional project features include a pool deck on the fifth floor, a media room, and a fitness center.
The project features a re-creation of the original 1920s Spanish-style architecture facades along Sunset Boulevard and a portion of its Gordon Street frontage.
The Sunset and Gordon site has been occupied by many legendary establishments over the years, including the Peerless Motor Car Showroom and The Motion Picture Hall of Fame in the 1920s, KNX Radio and the Max Reinhardt Workshop of Stage, Screen and Radio in the 1930s, KMPC Radio in the 1940s, and most recently the Old Spaghetti Factory in the 1970s.
To ensure the addition of the tower’s vintage design features, the latest technologies and innovative cast-in-place construction practices were utilized to dramatically lower costs and shorten the project delivery schedule.
The $76.2 million, 22-story “Sunset and Gordon” luxury high-rise residential apartment building in Los Angeles was built for the real estate and infrastructure investment firm, CIM Group. With a relationship of more than 15 years, Balfour Beatty (through its Howard S. Wright team) has successfully built several projects with CIM. In addition, the Balfour Beatty team had legacy knowledge of the property and project site since the original project and property were held by another client of ours whom we have built many projects with so, there was a lot of historical knowledge we could offer.
Balfour Beatty performed the design-assist project leveraging its cast-in-place, technology and market expertise to lower the project’s total cost from $98 million to $76.2 million.
A significant contributor to the project’s cost savings included a complete re-design of the structure’s mechanical, electrical, and plumbing systems, which as a result will enable the building owner to save on average over 500,000 gallons of water per year. Additionally, Balfour Beatty’s expertise in cast-in-place structures enabled the team to reduce construction cycle times and accelerate project delivery by several months.
Balfour Beatty’s latest Los Angeles project reinforces its strength serving Southern California’s high-density residential market, in addition to the hospitality and higher education sectors.