Alagem Capital Group JV Plans Massive Beverly Hills Mixed-Use Projects

Alagem Capital Group and Cain International have formed a joint venture to develop a 17.5-acre premier site in Beverly Hills. One Beverly Hills will be a mixed-use urban resort adjacent to the Beverly Hilton and Waldorf Astoria Beverly Hills. The three-building property will include condos and a hotel, along with 8 acres of botanical gardens on the property. The joint venture has tapped Foster + Partners, Lord Norman Foster and RIOS for design, architecture and landscape design.

The property will aim to set the bar in sustainability, targeting both LEED Platinum and WELL certifications. To achieve its high goals, the property will leverage technology to “aggressively lower emissions and energy consumption,” according to a statement from the company. The sustainable features include a central geothermal system, which will harness the earth’s constant soil temperature to efficiently create heat and reduce the number of cooling towers needed, ultimately saving millions of gallons of water annually; use of collected rainwater and recycled greywater for landscaping; centralized battery storage system, onsite photovoltaic array, and a chilled water thermal energy storage system; and recycled, low embodied carbon and low toxicity building materials.