News Summary
Beverly Hills is gearing up for the groundbreaking development of One Beverly Hills, featuring a vast retail and dining space, a luxurious hotel, and residential towers set to enhance the local experience by 2028. With significant investments totaling $10 billion, the project will offer upscale dining options, including notable restaurants like Los Mochis and Casa Tua. Infrastructural improvements are planned to support this transformative project, aiming to elevate the dining and retail scene and address community concerns about its benefits to residents.
Beverly Hills is preparing for the arrival of One Beverly Hills, a significant new development slated to open in 2028. This expansive project will include a 200,000-square-foot retail and dining space featuring 45 restaurants and retail shops, alongside a luxurious all-suite hotel named Aman and two residential towers. With an estimated investment of $10 billion, the One Beverly Hills site is strategically situated at the intersection of Wilshire Boulevard, Santa Monica Boulevard, Merv Griffin Way, and the Los Angeles Country Club.
The construction of One Beverly Hills kicked off in February 2024, marking a major step toward enhancing the city’s commercial and cultural landscape. The project aims to elevate the dining and retail experience in Beverly Hills, coinciding with a broader trend of reinvestment in shopping mall dining.
Featured Restaurants and Retail Brands
Among the notable culinary establishments arriving at One Beverly Hills, Los Mochis will make its U.S. debut. Renowned for its unique blend of Mexican and Japanese cuisine, Los Mochis first opened in London’s Notting Hill in 2021 and plans to launch a second rooftop flagship location in 2024. The Beverly Hills restaurant will occupy 12,000 square feet, complete with a 2,000-square-foot garden and a designated private dining area. Patrons can expect a unique omakase experience titled Tuna Ten Rei, which includes a traditional tuna cutting ceremony. The menu is designed to be gluten- and nut-free, featuring dishes such as snow crab guacamole and miso nopales tacos.
Additionally, Casa Tua, an upscale Italian restaurant and private club from Miami, will also establish a presence at One Beverly Hills. Since its inception in 2001, Casa Tua has expanded to multiple locations in major cities, including New York, Aspen, and Paris. The Beverly Hills branch will span 20,000 square feet, offering a variety of Italian specialties along with a marketplace and traditional pasta dishes.
Infrastructural Developments and Financing
To support the significant investment and anticipated growth, extensive infrastructure improvements are part of the One Beverly Hills project. This includes new traffic signals, street landscaping, and sidewalk upgrades, enhancing the overall urban experience in the area. The City Council of Beverly Hills plans to discuss financing assistance for the project, with a meeting scheduled for August 19.
A proposed financing model is set to establish a Community Facilities District (CFD) that could issue bonds up to $550 million. Notably, these bonds will be repaid through special taxes levied on property owners within the CFD boundaries, which mitigates financial risk for the city. The project aims to contribute $10 million toward future public facilities improvements through the issuance of these bonds.
Previous Approvals and Community Concerns
Earlier City Council approvals for One Beverly Hills occurred on June 8, 2021, where the council voted 4-1 to move forward. Councilman John Mirisch has expressed concerns regarding the project’s benefits to residents and its provisions for affordable housing, underscoring the need for community considerations amid the ongoing developments.
The investment in One Beverly Hills represents not just a local enhancement but reflects a wider pattern of revitalization in the dining and retail sectors across major urban areas. Recently, new dining options have emerged, such as the Spanish restaurant Casa Dani at Westfield Century City and a Japanese food hall set to open in West Hollywood in late 2025, indicating a growing trend toward upscale dining experiences in retail spaces.
The upcoming City Council meeting on August 19 at Beverly Hills City Hall will further address the funding and impact of this monumental project on the local community and its economy.
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Additional Resources
- Eater Los Angeles: Los Mochis and Casa Tua Opening
- WSJ: Beverly Hills’ $10 Billion Luxury Development
- Beverly Press: City Considers Bonds for One Beverly Hills Project
- Bisnow: One Beverly Hills Tax District Bonds
- Timeout: Rodeo Drive Restaurants
- Wikipedia: Beverly Hills, California
Author: STAFF HERE HOLLYWOOD
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