X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Los Angeles is known for sprawling estates, but as the city shifts toward density, mansion-style living is taking on a new look. Developer Astéras is completing Astéras Kings, a new 25 residence multifamily project in West Hollywood. The property features minimalist design with high-end features akin to Los Angeles most prestigious single-family communities as well as services and amenities.

“We wanted to take the idea of the Hollywood Hills-style of living into the multi-unit building setting, and we wanted to do that by incorporating natural materials, minimal design and spaces that blurred the indoors and the outdoors,” Demetri Darmos of Astéras, tells GlobeSt.com. “We have taken the best elements of having a house up in the hills with the best elements of multi-unit boutique living.”

The developer saw demand for high-end, mansion-style living and an absence of product in the rental market for this niche. “We felt that there was really a void in the marketplace for a property like this,” Peter Darmos of Astéras tells GlobeSt.com. “Early on, we really didn’t see a lot of product out there that incorporated these features, but we really felt that there were a lot of opportunities in Los Angeles for this product.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author

 

GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.