WEST HOLLYWOOD, Calif.--(BUSINESS WIRE)--This month, FMB Development received approval from the West Hollywood City Planning Commission to begin construction on five luxury townhomes. Set one block North of Santa Monica Blvd., at 1159 N. Formosa Ave., the new homes will showcase FMB Development’s signature modern architectural design—each boasting three stories of livable space, private front and rear yards, side-by-side parking in a secure subterranean garage and large, airy balconies. A rooftop deck will offer views of Downtown Los Angeles, the Griffith Observatory and the Hollywood sign.
“FMB Development has worked hand-in-hand with the community in West Hollywood to design a property that will integrate seamlessly into the surrounding neighborhood, increase area property values and improve quality of life for local residents,” FMB Development CEO Ilan Kenig said. “We are proud to bring the next generation of luxury townhomes to the heart of one of the most dynamic and creative communities on the face of the planet.”
The townhomes are designed to blend into the surrounding neighborhood, with unique building features that blur the lines between the property and the outside, contribute to the area’s walkability and bring more eyes onto the street. The property will take approximately 12 months to build, with an estimated completion date of June 2018.
Known as the “Creative City,” West Hollywood is a global hub for the entertainment industry and the LGBT community, and a hub for professionals in creative industries. In line with its strategy to invest in prime Southern California real estate markets, FMB Development has developed a number of iconic properties in West Hollywood in recent years.
About FMB Development: FMB Development (FMBD) is one of Southern California’s most dynamic, community-oriented, and thoughtful developers of luxury residential real estate, focusing on prime locations spanning from Venice to Downtown Los Angeles. The company works in partnership with local communities to create luxury properties – ranging from single-family homes to multi-unit residential buildings to mixed-use developments – which contribute to vibrant neighborhoods and showcase the latest in contemporary design, unique artistic elements, and the highest quality materials and finishes. FMBD is a part of The FMB Group – a full-service network of real estate companies, which includes brokerage and financing services. Learn more at fmbdevelopment.com.