In this episode of Global Economic Press, Alex Brady delves into a remarkable development in the real estate sector, focusing on a rare opportunity in Beverly Hills, one of the most exclusive areas in the United States. The Group CRE, a Los Angeles-based commercial real estate brokerage, has announced the availability of two fully-entitled luxury development sites in this prestigious location. These sites, located at 412 North Oakhurst Drive and 149-159 South Maple Drive/9225 Charleville Boulevard, offer a combined total of 89 luxury residential units ready for immediate development. This simultaneous availability of such high-caliber, development-ready land is unprecedented in Beverly Hills, where entitled land is scarce, providing developers a unique chance to add significant luxury housing inventory without the typical lengthy entitlement process.

The properties boast impressive features, with 412 North Oakhurst Drive approved for an 8-story luxury development comprising 52 units plus 4 Accessory Dwelling Units, and 149-159 South Maple Drive approved for a 7-story contemporary design with 37 units plus 1 Accessory Dwelling Unit. These developments promise substantial returns, with projected returns on cost and stabilized yields that are attractive to both domestic and international developers. The Beverly Hills luxury residential market continues to show strong fundamentals, making these entitled sites particularly valuable. The Group CRE is actively marketing these opportunities to qualified developers and investment groups, offering virtual tours and site visits. For more information, visit The Group CRE's website.