October 17, 2019 Breaking News, Latest News, and Videos

New Billionaire Towers Revealed: First Phase Sells $80 Million

By Samuel Harwood

Santa Monica’s greatest sources of glamor – the ocean, entertainment and real estate – came together at the launch party for 201 Ocean Ave Saturday February 29.

Known as the “billionaire towers” the complex overlooking the ocean at San Vicente houses athletes, celebrities, and international businessmen. The real estate team seeking to sell a new slew of units is led by Ryan Serhant of “Million Dollar Listings New York” which was filming the event. (He also played “Hedge Fund Dave” in the film “While We’re Young”).

The 318 unit conversion highlights 1-3 bedroom units ranging from $1 to $5 million, most of which have an ocean view.

According to Serhant’s managing partner Sebastian Wolski, selling the residences amounts to “One of the biggest projects ever by any broker…Our total sellout on the first phase is close to about $80 million in sales.” The centerpiece of the launch event was a tour of the units themselves with the hope of selling their highest priced unit, a 1744 square foot two bedroom, three bath oceanside apartment valued at $4.7 million replique de montre.

Prior to the tour guests and potential buyers settled in with a live DJ and complimentary beverages from the event’s sponsors.

Wolski and other representatives of the Serhant team were unambiguous in stating both the profit-driven ends of the event and the superrich coterie they were aiming for. As Wolski said, “We want to get as many people interested in purchasing as we can.”

“You can’t beat it,” he added.  “It’s oceanside in Los Angeles, the tallest residential towers. It’s the best place ever.”

in News
Related Posts

Santa Monica Sees Nearly 9 Percent Spike in Part 1 Crimes

February 4, 2019

February 4, 2019

SMPD Chief Cynthia Renaud gives crime update. By Sam Catanzaro Over the past month, Santa Monica has experienced a string...

Man Charged for Murdering Mother

February 4, 2019

February 4, 2019

Los Angeles County District Attorney’s Office files charges on Stephen Lloyd Fader. By Staff Writer The Los Angeles County District...

Fighting Fires, Tackling Homelessness, Saving Lives

February 5, 2019

February 5, 2019

The role of fire departments in 21st-century urban centers.  By Keldine Hull Do firefighters fight fires? Obviously, but most of...

SM City Defends Temporary Protective Status for Immigrants

February 5, 2019

February 5, 2019

By Staff Writer Santa Monica City Council voted unanimously at their January 22 meeting to join an amicus brief to...

SMPD Mounted Patrol Aids in Arrest

February 5, 2019

February 5, 2019

By Sam Catanzaro The Santa Monica Police Department (SMPD) carried out an arrest on February 1 with the aid of horses....

MDR Oil Well Explosion Sparks Debate

February 6, 2019

February 6, 2019

Jan. 18 incident sheds light on the dangers of oil wells in the city. By Tor Marom Discussions on public...

State of the City: Climate Change, Communication Among Challenges Facing Santa Monica

February 8, 2019

February 8, 2019

Mayor Davis delivers annual address. By Tor Marom This past Wednesday, the Santa Monica Chamber of Commerce held its annual...

Santa Monica and ‘Big One’ Preparedness

July 8, 2019

July 8, 2019

All it took was 10-20 seconds for the 1994 Northridge earthquake to rattle Southern California in a way no earthquake had done before. Dozens of people lost their lives and thousands more were injured as the state reeled from a catastrophic event that cost billions in damages

Santa Monica Man Arrested for Attempting to Murder Girlfriend

February 12, 2019

February 12, 2019

Kevin Ferron charged with attacking girlfriend Anna Koosman. By Sam Catanzaro The Santa Monica Police Department (SMPD) have arrested a...

Fire Damages Santa Monica High Rise

February 13, 2019

February 13, 2019

Shores Apartments unit catches fire Monday night.  By Staff Writer A Santa Monica high rise by the beach caught fire Monday...

SMPD to Conduct Bike and Pedestrian Safety Enforcement

February 13, 2019

February 13, 2019

Citations and increased enforcement Feb. 15 and 18. By Staff Writer  The Santa Monica Police Department will be conducting bike...

Judge’s Final Ruling Orders Districts, Special Election

February 17, 2019

February 17, 2019

Final judgement calls for July 2 special election to choose new council.  By Sam Catanzaro  A final judgment has been...

Santa Monica Police Seize 29 Guns, Cocaine, Meth and Heroin

February 20, 2019

February 20, 2019

By Staff Writer  On February 15,  the Santa Monica Police Department’s (SMPD) Narcotics/Vice Unit along with SWAT served multiple search...

Adapting to Santa Monica’s Single-Use Plastic Ban

February 21, 2019

February 21, 2019

City’s disposable food-ware ordinance under effect. By Keldine Hull When an updated Disposable Food Service Ware Ordinance went into effect...

Council Votes Unanimously to Appeal District-Election Ruling

February 22, 2019

February 22, 2019

City of Santa Monica to appeal ruling that elections are in violation of CRVA.  By Sam Catanzaro On February 21,...