legacy partners announces 7950 w. sunset; new $60 million mixed ...

FOR IMMEDIATE RELEASE
CONTACT: Kim A. Merrill
Merrill Marketing/Communications
858.547.1865
kim@merrillmarcom.com
LEGACY PARTNERS ANNOUNCES 7950 W. SUNSET; NEW $60 MILLION
MIXED-USE LUXURY RENTAL COMMUNITY TO FEATURE 183 APARTMENTS,
GROUND LEVEL RETAIL ON FAMED SUNSET STRIP
LOS ANGELES, CA — December 5, 2005 — Legacy Partners, a leader in residential and commercial real
estate for more than 35 years, has entered into a long term ground lease with the Director’s Guild of
America to replace an existing parking lot and develop a new $60 million mixed-use luxury apartment
rental community. 7950 W. Sunset is now under construction and will feature 183 apartments and
ground level retail when it opens in summer 2007.
The five-story apartment project is located along the famed Sunset Boulevard at Hayworth Avenue, with
views of the Hollywood Hills and downtown Los Angeles and will feature dramatically styled single-story
flats and town homes ranging in size from 591 to 1,238 square feet. Residents and visitors will have
abundant dining and shopping options to choose from in the project’s 13,282 square feet of
restaurant/retail space on Sunset Boulevard. 7950 W. Sunset will also feature three levels of parking for
future residents, guests, retail customers and Director’s Guild patrons as well as two levels of privately
controlled access subterranean parking for residents.
Apartments at 7950 W. Sunset will range in price from $1,750 to $3,400 per month. There will be 28
studios, 81 one bedrooms and 74 two bedroom homes available for lease.
Apartments will feature custom kitchen cabinetry with freestanding islands, granite kitchen countertops
and upgraded finishes throughout. Bathrooms will feature granite counters, oversized tubs with showers
in master suites, and freestanding vanities. There will be stained concrete flooring in first level
apartments, slate flooring in second and third level units, wood flooring in penthouse homes with
dramatic 9- to 17-foot ceilings, and energy-efficient central air conditioning and heating throughout. All
apartments will include stainless steel appliance packages, full-size washer/dryers, refrigerators,
dishwashers, gas ranges with microwaves, flat-screen TVs in kitchens, and ceiling fans in living areas and
bedrooms. High-tech features include a private security alarm option, pre-wiring for high speed Internet
access and cable TV. Residents will enjoy outdoor patios and balconies with dramatic views of downtown
Los Angeles and the Hollywood Hills.
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Community amenities and services at 7950 W. Sunset include a 7,000-square-foot clubhouse with stateof-the-art
entertainment equipment; a sports lounge with plasma televisions; an elevated swimming pool
with spa, cabanas and sundeck; and four rooftop sky terraces, with a lounge, fireplaces, water features
and spectacular views. Residents also will have access to a Business Center, complete with computers,
Internet access, fax machine, scanner and a color copier, along with a conference room that can be
reserved for business or personal meetings. A 3,100-square-foot Health Center will include state-of-theart
fitness equipment with attached television monitors, an aerobics/yoga floor, Pilates and cardio
equipment, wet and dry saunas, locker room and service bar. 7950 W. Sunset will also feature interior
landscaped courtyards with fountains, fire pits and intimate sitting areas for residents to enjoy.
7950 W. Sunset is conveniently located to the 101 Freeway, with shopping centers, boutiques,
restaurants and entertainment located within walking distance.
“We feel that we have something very special with this project,” said J.J. Abraham, vice president of
development for Legacy Partners’ Irvine office. “7950 W. Sunset will offer residents an opportunity to
enjoy cutting edge floor plans and amenities one would expect in a high-end condominium project while
enjoying the energy and vibrancy of living on the Sunset Strip.”
The project team for 7950 W. Sunset includes Legacy Partners Residential, Inc., developer; Legacy
Partners Builders, Inc., general contractor; AIG Global Real Estate, financial partner; Guaranty Bank,
lender; Thomas P. Cox Architects, Inc., architecture; HRP Landdesign, landscape architecture and design;
Fuscoe Engineering, civil engineering; and Faulkner Design Group, interior design.
ABOUT LEGACY PARTNERS
Based in Foster City, CA., Legacy Partners has been an industry leader in residential and commercial real
estate for more than 35 years, acquiring, developing and managing a portfolio valued in excess of $4.0
billion. The company’s expertise spans the industry spectrum to include property acquisition,
development, financing, marketing, and property and asset management. From Legacy Partners’ roots in
Northern California, its portfolio now extends to Southern California, Arizona, Colorado, Washington and
Texas. Legacy Partners has more than 1,000 employees in six offices throughout the western United
States. For more information, visit www.legacypartners.com.
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