Imagine taking an elevator to the rooftop of your apartment building and finding a walking path, a dog park, two swimming pools, courtyards and more than 700 trees.
If you happened to be at 1027 Wilshire Blvd. in Los Angeles, you’d see all of that and more.
The newly completed building in Downtown Los Angeles features an 88,000-square-foot rooftop with an indoor gym, outdoor fitness stations, rooftop bar, grill stations with seating for outdoor gatherings, game areas, private cabanas and fire pits.
Underground self and valet parking will be available, although the parking garage is not totally completed.
A project of Amidi Group, the upscale 10-story building caters to professionals in entertainment, technology and a variety of other fields who are seeking a luxury “live, work, play” lifestyle.
The building includes 376 fully furnished live/work units ranging from 600 to 1,000 square feet. With WiFi service and utilities included, the units are renting for $1,800 to $4,000 a month. The building’s third floor has 100 office spaces and several meeting rooms that are available to both tenants and others who would like to rent the space.
The offices rent for $400 to $1,200 a month.
Company co-founder and CEO Rahim Amidi, a technology investor and entrepreneur with more than 35 years in venture capital and commercial real estate, said it has everything a tenant would want.
“You just walk in with your suitcase and everything is there,” he said. “That’s the big difference between us and all of the other products on the market.”
Seventy people have already signed leases to move into 1027 Wilshire, Amidi said, and the company expects to sign an additional 100 leases a month in the coming months.
“We’re getting our occupancy permit and people will begin moving in this week,” he said Tuesday.
‘Plug and Play’
The newly completed building compliments Amidi Group’s 18-story TENTEN apartment building across the street at 1010 Wilshire Blvd. That’s been in operation for 12 years with a “Plug and Play” synergy that will be carried over to the new building.
Plug and Play is Amidi Group’s global tech incubator that connects startups with corporations, venture capital firms, universities and government agencies. Headquartered in Silicon Valley, it has 35 locations across five continents.
“It’s a place where startups come to get real estate services and seeding investment,” Amidi said. “We help them finish their business plans and introduce them to corporate partners.”
TENTEN holds professional events every couple of weeks. That allows tenants to get together, bounce ideas around and do business with each other.
“It might be a technology event, an entertainment event or just networking,” Amidi said.
Those services and the vast array of rooftop amenities are designed for the buildings’ tenants, but Amidi Group also plans to feature a top-of-the-building bar and restaurant at 1027 Wilshire that will be open to the public.
That, the company said, will position the building as a place that brings together working professionals from downtown and members of the local community for business networking and leisure activities.
Alex Mojtahedi, CEO and founder of Peachscore and a tenant of TENTEN, can attest to the energy that happens there.
Peachscore, which is headquartered in the building, analyzes startups’ information in real-time. Using that data, the company is able to generate a risk rating for clients along with a personalized intelligence report.
“I raised a few hundred thousand dollars by socializing with others in the building,” Mojtahedi said. “Some have become my friends and some are angel investors. For a startup like us — or any business — connections are critical. This is more like a family than just office space.”
Amidi Group, through its various holdings and brands, manages more than 1 million square feet of real estate space and has more than $2 billion in assets under management. The company owns and operates several Hollywood Production Center workplace locations throughout Hollywood, Glendale and Burbank.
