Sierra Towers

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Sierra Towers
SierraTowers04.jpg
Sierra Towers from Doheny Road.
Sierra Towers
General information
TypeResidential
Location9255 Doheny Road
West Hollywood, California
United States
Coordinates 34°05′26″N118°23′39″W / 34.090616°N 118.394289°W / 34.090616; -118.394289
Opening1966
Cost$12,000,000
Technical details
Floor count31
Lifts/elevators3
Design and construction
Architect(s) Jack A. Charney
DeveloperWalter and Leo Minskoff
References
[1]

Sierra Towers is a residential 31-story high-rise condominium building in West Hollywood, California, United States. located at 9255 Doheny Road, adjacent to Beverly Hills. It was designed by Beverly Hills mid-century modern architect Jack A. Charney, who studied under Richard Neutra and Rudolph Schindler. [1] Completed in 1965 as an apartment building, it was originally called the Spoon Apartment Building.

Contents

Construction

Sierra Towers was developed in 1965 for US$12 million (equivalent to $88.5 million in 2023) by Walter and Leo Minskoff, whose family firm also built New York's Minskoff Theatre. [1] The building is known for being more than 15 stories taller than any other building within a 2-mile (3.2 km) radius. Due to Sierra Towers' unique positioning at the base of a hill (the same hill from which Beverly Hills gets its name), the building is the highest residential tower in the greater Los Angeles Area relative to sea level. The building is said to get its plural name from scuttled original plans to build a second tower. [1]

Notable residents

Sierra Towers was first operated as a rental property, but following its purchase by New York real estate investor Helmsley Spear Inc., the building was converted to condominiums in 1974. [1] A number of celebrities own condominiums in the 146-unit building, [1] including Karyn White, Diahann Carroll, Sandra Bullock, Kelly Osbourne, Robert Sherman, Jim Morris, Brody Jenner, Emma Watson, and Meg Whitman (since 2018). [2]

Historically, residents and owners have included: Joan Collins (25th floor, –2017); [3] Lily Collins (–2019); [4] PJ Harvey (29th floor, 2003–2018); [5] Matthew Perry (–2011); [6] and Lindsay Lohan (2006–2007). [7] [8]

In 2013, singer-actress Cher sold her 2,302 square feet (213.9 square metres) two-story condominium, created by combining two one-bedroom units on the 26th and 27th floors, for US$5.25 million (equivalent to $6.8 million in 2023). [9] In early 2014, Sandra Bullock purchased a 1,672 square feet (155.3 square metres) unit in the southeast corner of the building's 22nd floor for $3.35 million (equivalent to $4.2 million in 2023); [10] in 2017, she bought a second, 2,101 square feet (195.2 square metres) unit on the 20th floor, for $5.13 million (equivalent to $6.3 million in 2023), [11] while placing her original unit on the rental market at the same time, at $22,000 per month (equivalent to $27,000 per month in 2023). [10] Joan Collins's former 2,300 square feet (210 square metres) residence, on the 25th floor, was sold in 2017 for $4.4 million (equivalent to $5.4 million in 2023). [12] In 2020, Courteney Cox sold her 1,315 square feet (122.2 square metres) unit on the same floor for $2.9 million (equivalent to $3.4 million in 2023). [13]

The Wall Street Journal reported that Evan Metropoulos, a principal at his family's investment firm Metropoulos & Co., has bought and sold multiple units in the building. [14] He purchased a unit in 2014 for $3.5 million (equivalent to $4.4 million in 2023), selling it in 2016 for $4.65 million (equivalent to $5.8 million in 2023). [14] He bought two units, to be used as staff quarters, plus two penthouse units, over the course of 2012 to 2015, including expenditures of $30 million (equivalent to $38 million in 2023) to buy and combine the two penthouse units into one unit totalling 7,000 square feet (650 square metres). [14] [15] By 2018, walls had been removed to create the single penthouse unit, but renovations were still incomplete, so Metropoulos –who had, while waiting, purchased a Beverly Hills mansion –listed all his Sierra Towers units for sale at a combined price of $58 million (equivalent to $69.3 million in 2023); [14] the listing was reduced to $33.5 million (equivalent to $37.2 million in 2023) by 2021, when Metropoulos decided to sell the properties by auction, with no reserve price. [15]

In 2023, Katy Perry purchased a penthouse apartment for $11 million (equivalent to $11 million in 2023). [16]

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References

  1. 1 2 3 4 5 6 Miller, Daniel (28 October 2011). "Sierra Towers: The Secrets of L.A.'s Strange, Sexy Celebrity Condo Building". The Hollywood Reporter . Archived from the original on 16 May 2021. Retrieved 23 November 2024.
  2. ↑ Leitereg, Neal J. (23 August 2018). "Former Hewlett-Packard chief Meg Whitman buys West Hollywood condo for $6.5 million" . Business. Los Angeles Times . Archived from the original on 15 June 2024. Retrieved 23 November 2024.
  3. ↑ Leitereg, Neal J. (25 May 2017). "Dame Joan Collins lists her high-style digs at the Sierra Towers" . Business. Los Angeles Times . Archived from the original on 23 June 2024. Retrieved 23 November 2024.
  4. ↑ Leitereg, Neal J. (4 March 2019). "Actress Lily Collins calls it a wrap at the Sierra Towers in West Hollywood" . Business. Los Angeles Times . Archived from the original on 20 June 2024. Retrieved 23 November 2024.
  5. ↑ Flemming, Jack (22 June 2018). "Musician PJ Harvey quickly finds fan of WeHo condo" . Business. Los Angeles Times . Archived from the original on 14 August 2023. Retrieved 23 November 2024.
  6. ↑ Beale, Lauren (17 August 2011). "Matthew Perry puts his WeHo condo on the market" . Business. Los Angeles Times . Archived from the original on 14 November 2019. Retrieved 23 November 2024.
  7. ↑ "Lindsay Lohan bashed by new neighbors". United Press International. 26 October 2006. Retrieved 23 November 2024.
  8. ↑ Ryon, Ruth (18 March 2007). "Condo? So over it" . Business. Los Angeles Times . Archived from the original on 14 August 2023. Retrieved 23 November 2024.
  9. ↑ Beale, Lauren (30 March 2013). "Cher sells West Hollywood pied-a-terre for $5.25 million" . Business. Los Angeles Times . Archived from the original on 22 April 2016. Retrieved 23 November 2024.
  10. 1 2 David, Mark (15 December 2017). "Sandra Bullock Sets One of Her Two Sierra Towers Condos Out for Rent". Variety . Archived from the original on 24 November 2024. Retrieved 23 November 2024– via Yahoo! Entertainment.
  11. ↑ Chen, Joyce (28 April 2021). "Sandra Bullock's Real Estate Portfolio: A Timeline of Her Homes and Investments" . Architectural Digest . Archived from the original on 21 August 2024. Retrieved 23 November 2024.
  12. ↑ Leitereg, Neal J. (25 May 2017). "Dame Joan Collins lists her high-style digs at the Sierra Towers" . Business. Los Angeles Times . Archived from the original on 23 June 2024. Retrieved 23 November 2024.
  13. ↑ Leitereg, Neal J.; Flemming, Jack (22 August 2020). "Hot Property: Courteney Cox finds a friend for West Hollywood condo" . Los Angeles Times . Archived from the original on 24 February 2024. Retrieved 23 November 2024.
  14. 1 2 3 4 Taylor, Candace (7 March 2018). "Evan Metropoulos Seeks $58 Million for Unfinished Penthouse" . The Wall Street Journal . Archived from the original on 8 August 2021. Retrieved 24 November 2024.
  15. 1 2 Clarke, Katherine (13 May 2021). "Once Asking $58 Million, a Private Equity Scion's West Hollywood Penthouse Hits the Auction Block". The Wall Street Journal . Archived from the original on 13 May 2021. Retrieved 23 November 2024. [note: this article includes a terrific aerial view of the tower, with downtown LA in the background]
  16. ↑ Schultz, Katie (22 May 2023). "Katy Perry Buys Sierra Towers Penthouse for $11 Million (equivalent to $11 million in 2023)" . Architectural Digest . Archived from the original on 26 May 2024. Retrieved 23 November 2024.
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