GPI Cos  Starts Work On West Hollywood Luxury Resi Complex GPI Companies

GPI Cos. starts work on West Hollywood luxury Residential Complex

The prolific development and investment firm’s project will include 46 units, with ground-floor retail and restaurant space

Another project by GPI Companies is underway, this time in West Hollywood.

The prolific real estate development and investment firm this week broke ground on a 46-unit luxury residential complex at 9001 Santa Monica Boulevard.

GPI Cos  Starts Work On West Hollywood Luxury Resi Complex GPI Companies
GPI Companies founders Cliff Goldstein and Drew Planting with a rendering of the project

The four-story development, which will include eight affordable units, was designed by Steinberg Hart and Work Plays Studio.

The 135,000-square foot-project will include ground-floor retail and restaurant space. Amenities will include a fitness center, pool deck, landscape outdoor terraces and living areas, and two-level parking garage.

Construction will be completed in 2021. Build Group is the general contractor.

In November, Brentwood-based GPI announced plans to repurpose the vacant Macy’s at the former Westside Pavilion mall into a 230,000-square-foot office complex.

GPI is also set to replace the legendary Amoeba Music store in Hollywood with a 26-story apartment tower.

Last September, GPI acquired a manufacturing complex leased by toymaker Mattel for $84 million from Angelo Gordon & Company. That came less than a month after GPI closed a $300 million commitment for its real estate fund from a state pension fund.