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.

Photo Credit: Pendry Residences West Hollywood

“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.

The post Montage International Reports A Record Year In 2021 With $850M Sold And New Developments On The Horizon appeared first on Haute Residence by Haute Living.

“There is a renaissance happening on the Sunset Strip in LA. The Strip is poised to become a new center of modern luxury in Los Angeles,” - Tina Necrason, Executive Vice President, Residential, Montage International

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. Comprised of 40 luxury residences and located next to Pendry West Hollywood, this newest residence was designed by acclaimed Ehrlich Yanai Rhee Chaney Architects (EYRC) with interior design by Martin Brudnizki. 

Photo Credit: Justin Coit

“Situated in a private enclave adjacent to the hotel, 40 private homes epitomize today’s California dream. Terraced along Olive Drive, the Residences offer incredible LA views, exceptional design, and personalized service,” continues Tina Necrason.

Pendry Residences West Hollywood by Montage Hotels & Resorts offers residents one-one-of-a-kind amenities such as a private rooftop pool deck, wine tasting room, garden deck, fitness center, boardroom, and lounge. Residents are also guaranteed the utmost privacy with every home being only accessible by private or semi-private elevators.

Photo Credit: Justin Coit

“Unlike a typical condominium, Pendry Residences West Hollywood was built without interior corridors, allowing each home to be accessed via two private elevators (one passenger and one service) that take the owner from the secure parking garage directly into their individual home providing the utmost in both security and privacy. Visitors enter through a lobby overlooking views of downtown Los Angeles and travel through the lush resident garden park to reach a series of elevator lobbies offering secure access to the individual homes.” Says Steven Ehrlich of Ehrlich Yanai Rhee Chaney Architects (EYRC)

Residents are also given full access to the amenities at the adjacent Pendry West Hollywood which includes several restaurants helmed by legendary two Michelin-star chef Wolfgang Puck, an exclusive membership to The Britely, a private social club, a 24-hour gym, screening room and more.

Photo Credit: Christian Horan Photography

“With polished comfort, personalized service, and a fresh expression of luxury, Pendry Residences West Hollywood by Montage Hotels & Resorts elevates the Sunset Strip to a new level of sophistication for those who call this home.” Says Tina Necrason.

Following a limited pre-completion offering, Pendry Residences West Hollywood is already recognizing significant market placement with over 50 percent of residences in the first release sold, including reaching new real estate pricing benchmarks, exceeding records within Los Angeles luxury condominium offerings. Exceeding records for the highest price per square foot in Los Angeles, two Terrace Estates have been sold at groundbreaking prices, the highest of which sold at over $4,800 per square foot. Terrace estate 706 sold at $13 million, with a PSF over $4,800 and terrace estate 804 sold at $13.3 million, with a PSF of almost $4,500.

For more information on Pendry Residences West Hollywood, please visit their website here: https://pendryresidencesweho.com

The post Pendry Residences West Hollywood Brings A New Level Of Sophistication To The Sunset Strip appeared first on Haute Residence by Haute Living.