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Vogue

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Out in Los Angeles, Chopard and Shari Glazer Hosted a Soirée Celebrating Women and Web3

As the glitterati touched down in Hollywood for the Oscars, Vogue100 member Shari Glazer kicked off the weekend’s highly anticipated spectacles with Chopard.

Upon arrival to Chopard’s private Pendry West Hollywood residence turned haute jewelry boutique, guests were greeted by a wall of photographs showcasing a history of celebrities dressed in gorgeous diamonds for the Oscars’ red carpet. Of course, glasses of Champagne were of plenty along with a decadent spread of hors-d’œuvre for attendees to enjoy with a sprawling view of Sunset Boulevard.

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Haute Residences Montage International Report

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Montage International Reports A Record Year In 2021 With $850M Sold And New Developments On The Horizon

Montage Residences, founded by Alan J. Fuerstman in 2002, is an ultra-luxury residential community under the Montage Hotels & Resorts umbrella intended to help affluent homeowners find desirable properties. A newer luxury brand within Montage international, Pendry Residences shares a similar goal, revealing residential offerings at the Pendry Hotel and Resorts to buyers. Pendry Residences are currently located in West Hollywood, California and Park City, Utah, with three more developments underway.

Their image revolves around providing residents with an authentic and customizable experience. On their website Montage boasts, “each Montage Residence has been designed and artfully constructed to create a sophisticated yet relaxed sanctuary catering to each Resident’s personal desires and distinctive tastes.”

After a sales boom resulting in a record year of $850 million in branded residential sales, Montage Residences and Pendry Residences are setting their sights on South Florida to target the area’s growing demand. The brand opened its South Florida Flagship Residential Sales Gallery, located on Las Olas Boulevard, in October of 2021 to help facilitate both domestic and international real estate sales. Florida isn’t the only area Montage is honing in on; they have announced many upcoming and newly opened projects across the country and beyond.

“We recognized remarkable growth of our branded residential business within all key metrics. Included within these 190 real estate transactions, we also recognized significant premiums with our average sales price in excess of $4.5 million at over $1,500 per square foot. Records were shattered around metrics not only in a pre-sale and developer environment but staggering appreciation within the resale sector within our respective markets,” said Tina Necrason, executive vice president of residential, Montage International. “We are continuing to see demand trends for branded residences as buyers are seeking a fully-serviced lifestyle, amenities, privacy, and security within some of the most sought-after destinations for their families to enjoy for generations”.

Montage and Pendry Residence’s sizeable growth has opened up more development opportunities, so they have a lot of unique properties in the works to continue to add to their portfolio. One of Montage’s most prominent projects is their Bahamas property, The Residences at Montage Cay. This development is set to debut in 2024 and will be the brand’s first private island and Caribbean development.

Other properties currently under development include the Pendry Residences of Tampa, located in the bustling downtown Riverwalk area, and The Pendry Residence in Natirar, located just an hour outside of New York City and is nearly sold out of Phase I. The Tampa location has received a considerable amount of attention as well. Despite being the brand’s newest edition, they amassed over $25 million in presales within the first 30 days of announcing the development.

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Forbes

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Pendry Hotels & Resorts Is On A Tear. Can Anything Stop This Upstart “New Luxury” Brand?

 

Unless you’re flush with someone else’s money, rapid scaling in almost any business usually means that you’re onto something.

In the luxury hotel space, however, scaling a brand as a practical, physical matter isn’t as easy as just running some cheeky Instagram campaign and poaching a new tranche of subscribers. In addition to deep capital pockets (think hundreds of millions of dollars), developing a hotel requires big land buys, zoning, permits, programming, design, staffing, training, and of course the actual building of buildings—which in the case of a high-end, architecturally-significant resort or hotel can take years to complete even if the local community is behind you and supply bottlenecks don’t choke you.

Tastes and market shifts—as well as pandemics—can also catch up with you in the meantime. What was in vogue three years ago can just as quickly fall out of favor. And in the case of COVID-19, locations that once seemed cherry can unexpectedly whither and turtle what once seemed like a surefire real estate investment upside down.

All of which means that a lucid plan and a definable brand when it comes to a luxury hotel’s essential identity are vital to staying on the throttle when the road ahead opens up.

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Lux Expose

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Pendry Residences West Hollywood by Montage Resorts & Hotels – West Hollywood, California

Located on Sunset Blvd and Olive Street, Pendry Residences West Hollywood is within close proximity to the lively West Hollywood. The geographical and cultural heart of LA, West Hollywood has the best of everything the city has to offer.

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Lux Expose

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Exclusive Club Membership Is the Next Big Thing in Amenity-Rich Buildings

High-end, over-amenitized apartments are considered a modern cliche nowadays. The days of outdoor gardens and state-of-the-art gyms are gone, as real estate developers now include unique amenities to cater to buyers and pander to ever-changing lifestyle trends. Since homeowners demand sophisticated services that allow for ultra-luxurious lifestyles, some developments offer their residents private club membership to marinas, and golf courses that are right in their backyards.

The ultra-luxury private social club, The Britely is located within the Pendry West Hollywood Hotel. The Los Angeles-born social club revitalizes the private club mold with modern positivity where bright ideas, bright design, and bright palates meet to enjoy the full spectrum of a modern social club. The exclusive social club currently has thousands on the waitlist, but owners of the residences at Pendry Residences West Hollywood by Montage Resort and Hotels get immediate access to the coveted club. With two Wolfgang Puck Restaurants and three bars & lounges, concierge services, and access to the music & performance venue, bowling lanes, personal trainers, and private garden – there is always something to do.

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Luxury Travel Magazine

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Buy A Home, Get A Club Membership!

Private clubs are – and have always been – the ultimate luxury.

We’ve noticed a trend among ultra-luxury residential developments: buy a home, get an instant club membership. Below we’ve listed some of the hottest residences that come with private club memberships.

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Mansion Global

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Full-Service Luxury and Expansive Outdoor Space Lead Amenity Trends for 2022

Luxury buyers and renters will spare no expense for convenience and comfort, and developers have responded accordingly.

The real estate frenzy kickstarted by the Covid-19 pandemic hasn’t just driven up home prices, it’s driven up luxury buyers’ expectations, as well.

“As far as developers we work with who are planning new communities, we’re saying to them, what used to be an upgrade is now expected,” said Michael Saunders, owner and founder of Michael Saunders & Co., a brokerage in Sarasota, Florida. “We’re advising them to raise the bar in terms of finishes.”

What does a raised bar look like for new developments headed into the new year? In many cases, white glove-level service, along with amenities that allow a building to fulfill nearly all functions of a resident’s day-to-day life, from work to fine dining to boutique fitness classes to expansive outdoor space.

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Variety

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Luxury Entices L.A. Buyers | Variety

Condos are back in a big way in Los Angeles. Overall buyer demand, low interest rates and the continued lack of single-family home listings have pushed condominium prices to record levels. According to Douglas Elliman’s
third quarter 2021 report, the number of condo sales in Los Angeles reached their second-highest total on record in 2021. And September saw a 13.9% year-over-year condo price increase in the L.A. metro area, per the California Assn. of Realtors’ sales data.

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Lux Expose

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Lux Expose

The residential staff at Pendry Residences West Hollywood by Montage Hotels & Resorts helps its residents with holiday preparations and can even pick out the beautiful tree and decorate it, or grab last-minute party favors. Their expansive balconies and open living space make hosting a dream – which can only be complemented by the exclusive opportunity to have Michelin Chef, Wolfgang Puck with his experienced team.

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Haute Living

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Pendry Residences is the newest addition to West Hollywood and offers the ultimate experience for exclusive luxury living. Developed in partnership with AECOM Capital, the investment advisor of global infrastructure firm AECOM, and Combined Properties, a full-service real estate firm, the opening of Pendry Residences West Hollywood is the culmination of over $500 million invested in the overall development and brings an unparalleled level of luxury residential living to Los Angeles.

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Montage Residences Real Estate
8430 W Sunset Boulevard
West Hollywood, CA 90069
+1 310 849 0202