New luxury real estate developments in Beverly Hills, CA

Beverly Hills’ iconic Electric Fountain is a stone’s throw away from another icon, the Beverly Hilton, which is scheduled for restoration.

Beverly Hills’ real estate landscape offers a new era of luxury living. While its streets still reflect the glamour of Hollywood’s golden age, the city has evolved into one that blends tradition and modern sophistication. These are the luxury real estate developments to watch out for in Beverly Hills:

One Beverly Hills Project: A $2 billion transformation

One Beverly Hills will rise on 17.5 acres along Wilshire and Santa Monica.

Beverly Hills has long been a symbol of timeless luxury but One Beverly Hills is set to take it even further. This $2 billion development will transform 17.5 acres between Wilshire and Santa Monica Boulevards and have two residential towers, a 10-story Aman Hotel, a 100,000-square-foot private club, and an 8-acre botanical garden. Construction officially began in February 2024, with completion expected by 2031.

At the core of One Beverly Hills are two ultra-luxury residential towers that are set to become the tallest buildings in the city. Designed by Foster + Partners, Kerry Hill Architects, and RIOS, these towers will house fewer than 200 exclusive residences. Homes will range from 2,000 to 16,000 square feet, with many featuring private plunge pools, direct elevator access, and stunning views of the Los Angeles skyline.

Along the residences, the development will introduce a 10-story Aman Hotel, which marks the brand’s debut in Beverly Hills. The hotel will feature 78 all-suite guest rooms. 30,000 square feet of retail and dining space will also be added to One Beverly Hills.

A green oasis in the heart of Beverly Hills

One of the most unique aspects of One Beverly Hills is its commitment to integrating nature into the urban environment. The project will feature ten acres of open space, including an expansive eight-acre botanical garden. The landscape architecture was designed by RIOS and will include more than 200 species of native California plants and trees like palms, oaks, sycamores, succulents, and olive trees.

Out of the eight acres of botanical gardens, 4.5 acres will be open to the public. It will have winding walking paths, water features, and immersive green spaces. The remaining 4 acres will be exclusively accessible to Aman hotel guests, club members, and residents.

One Beverly Hills is also committed to being sustainable. The project aims to achieve LEED Platinum and WELL certifications by incorporating eco-conscious initiatives such as 100% water sustainability as well as by having an energy-efficient design and by introducing new walking and biking paths.

Introducing the Aman Hotel to Beverly Hills

One of the most exciting additions to One Beverly Hills is Aman, the globally renowned brand known for privacy, wellness, and architectural excellence. The Aman Hotel will offer 78 suites, each designed with a minimalist, nature-inspired aesthetic that works well with the surrounding botanical gardens.

Apart from its world-class accommodations, Aman will also introduce:

• A 100,000-square-foot private Aman Club that will have state-of-the-art wellness facilities, indoor lap pools, fitness centers, and spa retreats.
• Aman-branded residences that provide exclusive hotel-like services to residents. Private chefs, 24/7 concierge services, and personal wellness programs are just a few of the services offered.
• A rooftop garden deck with unparalleled city views.

Transforming the Beverly Hilton

As part of One Beverly Hills, the historic Beverly Hilton will undergo a restoration. This iconic venue—famous for hosting the Golden Globe Awards—will undergo significant upgrades while maintaining its classic Hollywood charm.

The enhancements include 17 new poolside hotel rooms, which will expand the luxury accommodations for guests. A three-story retail and dining pavilion will also be added. Its Wilshire Boulevard entrance will also be updated to connect guests to the Hilton, One Beverly Hills, and Waldorf Astoria.

Construction and completion timeline of One Beverly Hills

The massive scale of One Beverly Hills requires a multi-phase construction plan that’s set to unfold over seven years. Groundbreaking began in February 2024, with full completion expected by 2031.

Key milestones include:

• 2024-2026: Foundation work, excavation, and structural development of the towers and hotel.
• 2027: Initial completion of the Aman Hotel and private club.
• 2028-2029: Progress on the residential towers and Beverly Hilton renovations.
• 2030-2031: Completion of the full botanical gardens and retail spaces, with final project unveiling.

During this period, the construction teams involved will work closely with city officials to ensure a smooth process while minimizing disruptions.

Saks Fifth Avenue’s expansion into luxury hospitality

Saks Fifth Avenue on Wilshire Boulevard.

For nearly a century, Saks Fifth Avenue has been a leader in luxury fashion and high-end shopping. Now, the brand is stepping beyond its traditional role and expanding into luxury hospitality and residential living. To adapt to the changing retail market, its parent company Hudson’s Bay Company (HBC) is turning prime real estate into high-end hotels and residences. Their first major project is in Beverly Hills, where Saks is transforming its historic 1938 store into an ultra-luxury hotel with 56 private residences, a private club, spa, and restaurant.

Why is Saks entering the hospitality and real estate market?

Luxury retail has changed significantly in recent years. As e-commerce and experiential shopping grow, traditional department stores are struggling with lower foot traffic and profits. While Saks remains a well-known brand, the overall luxury retail industry is facing its own set of challenges.

Instead of waiting for retail trends to shift back in their favor, HBC is taking a proactive approach by transforming its real estate into exclusive lifestyle destinations that combine residences, hotels, and retail. The goal is to create a fully immersive Saks experience where residents and guests can live, dine, shop, and socialize in a luxury setting curated by Saks.

The Wilshire Boulevard transformation

The centerpiece of Saks’ new venture is its Beverly Hills development on Wilshire Boulevard. Covering two city blocks, the site includes the former Saks department store, parking lots, and the new Saks women’s store at 9570 Wilshire Blvd, which was once a Barneys New York.

Here’s what to expect from the Beverly Hills project:

• Luxury hotel. Located within the former Saks store, the new luxury hotel will have world-class accommodations, personalized services, and fine dining options
• 56 private residences. These elegant homes will be built with expansive balconies and provide sweeping views of Century City and Beverly Hills.
• Private club & spa. Exclusive to residents and hotel guests, Saks’ private club and spa will offer wellness retreats, personalized concierge services.
• A pedestrian plaza and retail spaces. This walkable hub will have luxury boutiques, cafés, and curated experiences.

This project follows the success of fashion-branded hospitality ventures, like Giorgio Armani’s hotels in Milan and Dubai, and the Ritz-Carlton’s expansion into luxury cruises.

The retail-to-real estate evolution

The Saks Fifth Avenue project in Beverly Hills reflects a growing trend of department stores evolving into luxury lifestyle destinations. Across the U.S., high-end retailers are repurposing their real estate to meet changing consumer preferences. Some key factors driving this transformation include declining department store sales, the demand for personalized and high-end shopping and lifestyle experiences, and a thriving luxury real estate market. Many luxury brands also own prime real estate in coveted locations, which makes mixed-use luxury developments a smart strategy.

The Saks Wilshire Boulevard project will further cement Beverly Hills, CA as a global hub for ultra-luxury living. With only 56 private residences, these Saks-branded homes are expected to command record-breaking prices, much like other high-end branded residences worldwide. By integrating residences, hospitality, and retail, Saks is also transforming an underused stretch of Wilshire Boulevard. The addition of pedestrian-friendly plazas, high-end shopping, and elevated dining experiences will create a dynamic, walkable district that will boost Beverly Hills’ urban appeal.

This Beverly Hills project is just the beginning. Saks plans to expand into luxury real estate and hospitality in other high-end markets, starting with townhomes and residences in Westfield, New Jersey.

Boutique luxury living in Rosewood Residences Beverly Hills

Rosewood Residences Beverly Hills is the epitome of boutique luxury living.

Located on Santa Monica Boulevard, Rosewood Residences Beverly Hills is redefining boutique luxury living. This exclusive collection of just 17 estate-style homes is the first standalone residential luxury development from Rosewood Hotels & Resorts in the United States.

Recently completed, Rosewood Residences Beverly Hills has attracted strong interest from high-net-worth buyers from the get-go. With the expansive estate-style living and 5-star services that it offers, Rosewood Residences presents a rare opportunity to own a luxury home that rivals the best estates in Beverly Hills while enjoying the comfort and service of a five-star hotel.

Boutique luxury with 5-star services

Rosewood Residences Beverly Hills is designed for spacious, resort-style living ranging from 3,000 to 7,500 square feet. Each residence includes:

• Private elevator access
• Expansive indoor and outdoor living areas
• Chef’s kitchens with double islands, custom Molteni&C cabinetry, and premium appliances
• Generously sized bedrooms with grand walk-in closets
• Spa-like bathrooms featuring underfloor heating, marble vanities, and hand-finished cast iron soaking tubs
• Select residences with private pools, outdoor kitchens, wet bars, and fire pits

Managed by the Rosewood Residential Team, homeowners receive bespoke concierge services and VIP amenities. Residents can take advantage of daily housekeeping and turn-down service, along with personal trainers and in-residence spa treatments for wellness and relaxation. When hosting an intimate dinner party or enjoying a personalized gourmet meal, residents can have a chef curate bespoke menus tailored to their tastes and dietary preferences.

Rosewood Residences also offers exclusive concierge services tailored to each resident’s lifestyle. The team assists with event planning, securing reservations at top restaurants, and granting access to elite events. As for the amenities, residents have access to a 50-foot rooftop pool and spa, complete with a lounge area, outdoor fireplace, and private dining spaces.

Architectural design and materials

Designed by acclaimed architect Thomas Juul-Hansen, Rosewood Residences Beverly Hills is both timeless and modern. The low-rise, four-story structure complements its surroundings and features a façade clad in Jura limestone from Germany. Its interiors have wide-plank white oak flooring, Venetian plaster walls, and kitchens adorned with Dionysos white marble from Greece.

Each residence is designed to maximize natural light, privacy, and seamless indoor-outdoor living. Six of the 17 homes will have their own private pools and spa tubs.

Market impact and pricing

Rosewood Residences is set to be a game-changer. Prices start at $10 million, with larger homes reaching up to $45 million. Its 7,300-square-foot penthouse, which features a private pool and a 2,500-square-foot terrace, is expected to set a record-breaking price in the Beverly Hills condo market. Sales are already underway with over $50 million in contracts signed.

Since Beverly Hills is exempt from the LA “Mansion Tax,” luxury buyers are turning to high-end condominium alternatives that offer estate-style living with five-star services. This shift makes Rosewood Residences one of the most sought-after investments for the prestige and exclusivity it offers.

Impact of new luxury developments on Beverly Hills’ real estate market

From One Beverly Hills’ ultra-modern residences to Rosewood Residences’ estate-style homes, these recent luxury developments are raising the bar for luxury living high-end living not just in Beverly Hills but in the Greater Los Angeles area as a whole.

Here’s how these developments are shaping the Los Angeles’ luxury real estate market:

• Pushing real estate prices to new heights

  With homes in Rosewood Residences starting at $10 million and penthouses in One Beverly Hills reaching up to $45 million, these projects are setting a new benchmark for pricing in the market. The demand for luxury homes in Beverly Hills isn’t just limited to new developments. It’s also boosting interest in existing estates and historic mansions. Buyers drawn to the area are exploring prime neighborhoods like Trousdale Estates and The Flats, which are seeing owners upgrading properties with modern amenities and smart technology to keep up with rising luxury standards.

• Catering to the modern luxury buyer

  For many, luxury living now extends beyond the home. The concept of a “five-star residential lifestyle” is at the core of these new projects, where homeowners enjoy hotel-style services, from private chefs and spa treatments to 24/7 security and exclusive access to elite events.

  The integration of green spaces and wellness-focused living is becoming a priority as well. For example, One Beverly Hills’ eight-acre botanical garden and LEED Platinum sustainability standards show how luxury and eco-conscious living can coexist.

• Contribution to the local economy

  Apart from raising real estate values, luxury developments bring major economic benefits to Beverly Hills. These multi-billion-dollar projects create thousands of jobs in construction, design, and hospitality. New developments also enhance Beverly Hills’ cultural appeal by introducing exclusive restaurants, luxury boutiques, and private clubs.

See what else Beverly Hills has to offer today

Beverly Hills continues to redefine ultra-luxury living with these groundbreaking developments. They preserve Beverly Hills’s legacy of excellence while pushing the boundaries of what’s possible in luxury real estate.

For discerning buyers looking to be part of this extraordinary moment in Beverly Hills history, working with a top Realtor in Los Angeles like Joyce Rey is essential. Joyce has been a leading figure in Beverly Hills luxury real estate for over 4 decades and has an unmatched understanding of what this prestigious market has to offer.

Let Joyce and her team help you secure your next luxury property! Reach out at 310.291.6646 or send an email today.