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California  + Hospitality  | 

New Plan Emerges for $2B One Beverly Hills MXU Development

Los Angeles-based Alagem Capital Group and London-based Cain International revealed a $2-billion plan for One Beverly Hills, a mixed-use development on a long-vacant eight-acre site in Beverly Hills. The new vision encompasses two towers, one rising 32 stories, another 28, and containing 340 residences, as well as a 10-story ultra-luxury hotel building.

The land at 9900 Wilshire Blvd. near Wilshire and Santa Monica boulevards formerly housed a department store and has been combined into a 17.5-acre site joining the Beverly Hilton hotel, which Alagem also owns. The developers envision incorporating lush greenery into the design of the condominium towers and planting them amidst eight acres of botanical gardens featuring nine distinct gardens, native plants, water features and pathways.

Alagem Capital and Cain International purchased the land in 2018 from Beijing-based Dalian Wanda Group for $445 million.

The developers plan to file development plans with the city this week. They anticipate commencing construction by late 2021 and delivering the project by 2024.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Development
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