The Park Bel Air, A Planned Community Featuring Three Luxury Estates Is Currently In Development Near The Hotel Bel-Air
Developer Domvs London together with Junius Real Estate Partners, a real estate team part of JPMorgan Chase private bank, has announced plans to develop an 11-acre site located near the famed, Hotel Bel-Air. The development team plans on building three luxury estates called The Park Bel Air which will each have a starting asking price of $115 million. The first of three lots in the development, known as Estate 2 hit the market late last month. The estimated size of each estate will be around 56,000 sq. ft. for the main house, around 15,000 sq. ft. for the guest house, and a total of 3 acres for the each lot. Buyers who purchase an estate at The Park Bel Air will first need to buy the lot priced at $45 million and then they have the option to build what they want, with any design they choose.
Proposed home amenity options at The Park Bel Air include a full-service spa, top-of-line fitness center, Imax theatre, bowling alley, music room, wine cellar, art vault, two 89 ft. pools, underground garage with space for 19 cars, and a state-of-the-art interactive game room with golf and race car simulators. Additional proposed rooms include a living room, family room, a gallery, an ergonomically designed kitchen, a home office, additional staff offices, six en suite bedrooms, and both informal and formal dining rooms. Just in case that wasn’t enough each estate also offers city, canyon, and ocean views. Whatever is proposed by the buyer the Domvs Junius development team will construct it, the sky’s the limit at The Park Bel Air.
Luxury Is Here To Stay:
The trend of ultra-luxury real estate developments worldwide is nothing new. Many desirable cities such as London, New York, and Los Angeles have all have seen an increased amount of record-breaking luxury real estate developments for sale due to many wealthy individuals internationally looking for a place to invest their money in. The recent volatility in the stock market combined with a stagnant economy in the US have certainly played a part in the increased demand of real estate.