{"id":1004112474,"date":"2015-02-04T05:02:56","date_gmt":"2015-02-04T13:02:56","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=321933"},"modified":"2022-12-08T21:58:31","modified_gmt":"2022-12-09T05:58:31","slug":"balfour-beatty-completes-hollywood-mixed-use-tower-for-less-than-expected","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/balfour-beatty-completes-hollywood-mixed-use-tower-for-less-than-expected\/","title":{"rendered":"Balfour Beatty Completes Hollywood M-U Tower for Less than Expected"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/em><\/p>\n

Balfour Beatty Construction has completed a high-end mixed-use tower in Hollywood for considerably less than was originally estimated. The company\u2019s Southwest Division finished a project it had been developing for real estate and infrastructure investment firm CIM Group at a total cost of $76.2 million, roughly $12 million less than what was initially committed to the project. The difference results from the use of the contractor\u2019s cast-in-place structures, as well as a re-design of the building\u2019s mechanical, electrical and plumbing systems.<\/p>\n

The Sunset and Gordon luxury residential building is located at the cor\"\"<\/a>ner of Sunset Boulevard and Gordon Street in Hollywood. The 22-story tower will total 547,500 square feet of space and occupies a 1.7-acre lot. The property features 299 upscale apartments, 36,688 square feet of office space, 12,229 square feet of retail and dining space, as well as a parking component that can accommodate 523 vehicles. The office space is located on the building\u2019s third and fourth floors, while floors five through 22 feature the residential component of the development. Resident amenities at Sunset and Gordon will include a pool deck on the fifth floor, a media room, and a fitness center.<\/p>\n

The building was designed by GBD Architects and, according to Senior Vice President and Project Executive for Balfour Beatty Construction, Joe Martino, Sunset and Gordon features a re-creation of the original 1920s Spanish-style architecture fa\u00e7ades along Sunset Boulevard and a portion of its Gordon Street frontage. This design measure was taken as a result of the developer\u2019s failure to preserve the Old Spaghetti building which was demolished during the early stages of development for the Sunset and Gordon tower.<\/p>\n

Image courtesy of cimgroup.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Balfour Beatty Construction has completed a high-end mixed-use tower in Hollywood at a considerably lower cost than originally estimated. <\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1594],"tags":[],"class_list":["post-1004112474","post","type-post","status-publish","format-standard","hentry","category-los-angeles"],"acf":[],"yoast_head":"\nBalfour Beatty Completes Hollywood M-U Tower for Less than Expected - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/balfour-beatty-completes-hollywood-mixed-use-tower-for-less-than-expected\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Balfour Beatty Completes Hollywood M-U Tower for Less than Expected\" \/>\n<meta property=\"og:description\" content=\"Balfour Beatty Construction has completed a high-end mixed-use tower in Hollywood at a considerably lower cost than originally estimated.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/balfour-beatty-completes-hollywood-mixed-use-tower-for-less-than-expected\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-02-04T13:02:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T05:58:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/main.png\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/balfour-beatty-completes-hollywood-mixed-use-tower-for-less-than-expected\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/balfour-beatty-completes-hollywood-mixed-use-tower-for-less-than-expected\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Balfour Beatty Completes Hollywood M-U Tower for Less than Expected\",\"datePublished\":\"2015-02-04T13:02:56+00:00\",\"dateModified\":\"2022-12-09T05:58:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/balfour-beatty-completes-hollywood-mixed-use-tower-for-less-than-expected\\\/\"},\"wordCount\":291,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/balfour-beatty-completes-hollywood-mixed-use-tower-for-less-than-expected\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/01\\\/main.png\",\"articleSection\":[\"Los Angeles\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/balfour-beatty-completes-hollywood-mixed-use-tower-for-less-than-expected\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/balfour-beatty-completes-hollywood-mixed-use-tower-for-less-than-expected\\\/\",\"name\":\"Balfour Beatty Completes Hollywood M-U Tower for Less than Expected - 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