LUXURY CONDOMINIUM, THE CARLYLE RESIDENCES, ACHIEVES 100 PERCENT SOLD

Designer Curated Homes Lead to Heightened Surge in Sales Velocity, With Residences Achieving Average Sales Price of $1,044 Per Square Foot & Gross Sales Exceeding $275 Million

Elad Group, developer of Westwood’s top selling condominium, The Carlyle Residences, is pleased to announce that the stunning 24-story residential tower is now 100 percent sold.  Located along the Golden Mile of Los Angeles’ coveted Wilshire Corridor, The Carlyle is comprised of 78 distinctive homes, which sold for an impressive average of $1,044 per square foot and has acquired a total gross sales revenue of nearly $280 million.

“The Carlyle represents one of the most sophisticated residential offerings in the City where buyers not only have access to an incredible location in the heart of Westwood, just minutes from UCLA and Beverly Hills, but also features soaring floor-to-ceiling vistas from every residence,” said Samantha Sax, executive vice president of marketing and sales for Elad Group. “The combination of elegant appointments from the FENDI Casa-furnished common spaces to the spacious interiors, finishes and amenities visibly appealed to our discerning buyers and distinctively elevated the standards for effortless living.”

The Carlyle also appealed to buyers’ designer sensibilities as the building partnered with several prominent Los Angeles designers, home staging companies and interior brands, including Meridith Baer, Cantoni, Minotti, Premier Stagers, Oliver Furth and Bowery Design Group, as well as FENDI Casa, to create fully furnished model residences. These strategic partnerships enabled buyers to get a glimpse of what their future home could look like while providing direct access to the top designer firms. At one point, the Minotti residence offered over $1 million worth of furnishings, lighting, curated art work and accessories for sale in addition to the purchase price of the condominium.

This latest sales achievement follows closely on the heels of Elad’s success on the East Coast. Most recently, the firm opened One West End, a luxury condominium that is being developed in partnership with Silverstein Properties. One West End had an exemplary performance in 2015. It was the top selling new construction building in Manhattan for the year, with 120 contracts signed in just six months after launching sales; moreover, it was the largest new construction condominium project to launch sales in Manhattan. Also on the East Coast, Elad Group recently announced that the landmarked condominium, 22 Central Park South, is 100 percent sold. Neighboring the famed Plaza Hotel, 22 Central Park South is not only situated along one of Manhattan’s most iconic corridors, but also affords residents unparalleled access to the world’s most exclusive department store, Bergdorf Goodman.

Since coming to market, The Carlyle has earned its spot as one of the most sought after properties along the Wilshire Corridor, with the building consistently acquiring an impressive $80 million in sales in both 2013 and 2014. Two of its penthouse deals also achieved record pricing, as they were among the highest selling condominium residences in all of Los Angeles — selling at 7.9 million each.

“It is a tremendous feat for The Carlyle to have achieved an average sales price exceeding $1,000 per square foot; this accomplishment also speaks volumes to the strength of today’s luxury market,” said Mauricio Umansky, CEO and co-founder of The Agency, the exclusive sales and marketing firm for the building. “Even more impressive is the fact that many of our buyers purchased their homes sight unseen or via referrals, while others were attracted to the conveniences of condominium living, having relocated from their nearby Beverly Hills estates. We are honored to have led such a successful sell out and are ecstatic to see how this latest benchmark further impacts high-rise living in Los Angeles.”

Offering some of the largest high-rise condominiums in Los Angeles, The Carlyle is comprised of two and three-bedroom residences ranging from 2,772 to 5,716 square feet with up to four-and-a-half bathrooms. Each residence is appointed with custom features including stunning designer kitchens with Poggenpohl and Miele appointments and a centered island, polished Breccia Oniciata marble in the master bath, signature his and her bathrooms and expansive walk-in closets, a balcony, floor-to-ceiling windows with views of the city, Santa Monica Mountains and Pacific Ocean, and a 42-inch living room fireplace with a beautiful limestone hearth. Furthermore, the building offers the ultimate level of privacy with elevators that whisk residents directly to their private entry foyer and a configuration that accommodates only four homes per floor and just two penthouses on the upper floors — with six total penthouses including two lofty simplexes on the 22nd floor and both a simplex and expansive duplex apiece that occupy the highest two floors of the building.

Adding to the building’s allure is a full suite of unparalleled lifestyle amenities that welcome residents, including a breathtaking blown glass ceiling sculpture by renowned artist Dale Chihuly, which was specifically commissioned for The Carlyle to serve as the grand lobby centerpiece; 24-hour white-glove concierge service and valet; a lounge, elegant club room and private dining room with access to butler’s pantry designed in collaboration with FENDI Casa; fully-equipped fitness center; all-season pool; temperature-controlled wine cellar with private storage lockers; gorgeous gardens featuring lush landscaping, a yoga lawn, private seating areas, BBQ area and outdoor fireplace for nighttime entertaining; and state-of-the-art security.

The Carlyle’s residents live in close proximity to Westwood’s and Beverly Hills’ finest restaurants, world-class boutiques, and cultural destinations including the Hammer Museum and Geffen Playhouse.  Additionally, the entire second floor is dedicated to multi-functional accessory suites, which owners have used for a range of purposes from home offices to guest accommodations to live-in staff residences.

For more information on The Carlyle, visit www.thecarlyleresidences.com.

ALL PHOTOS USED IN THIS POST COURTESY THE CARLYLE RESIDENCES