Wanda Group to Build $1.2B Mixed Use Project on Prime LA Site

Posted on 18 August, 2014 by Jodee Redmond

Wanda Group, the Chinese conglomerate also known as Dalian Wanda Group, has successfully outbid several other parties interested in a prime site in Beverly Hills. The company plans to build a mixed-use $1.2 billion project on the site, according to published media reports.


The site, which is located at 9900 Wilshire Blvd., is situated adjacent to private Los Angeles Country Club and is close to Rodeo Drive, Hollywood, and UCLA. The project will include office space which will target “the entertainment industry,” as well as luxury apartments.

A press release from the company stated that this will be Wanda Group’s “first important step into Hollywood.” Wanda will be setting up a new Los Angeles office to deal with entertainment sector investments and “will be able to leverage on Hollywood’s solid film industry resources to support the group’s Qingdao Oriental Movie Metropolis and Qingdao International Film Festival projects in China. The office will also be the base for investment in local film production companies or global theatrical releases.”

Wanda Already Owns Entertainment Properties

This is not Wanda’s first attempt to buy properties related to the entertainment industry. Two years ago,, the company bought AMC, the largest chain of movie theatres in America, for $2.6 billion.

Wanda Bought Mixed-used Site in UK in 2013

Last year, Wanda Group bought the site for a major portion of the One Nine Elms redevelopment project in London. Green Property, the original developer, was the seller.

At that time, Wanda Group announced that it planned to invest about $1.1 billion into the project, which will include two residential towers measuring 43 and 58 stories, respectively. The smaller tower will feature a 160-key, five-star hotel and 108,000 square feet of office space will be opened in a podium.

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Posts

Aldi’s Expansion Plan

British Steel on the verge of collapse with over 20,000 jobs at risk

Paris watches as flames engulf one of France’s most famous landmarks

Debenhams on the brink of administration as board reject Ashley’s bid

Emmanuel Macron pushes for a new Europe with European Parliament elections on the horizon

Brexit impacts property market

Brexit uncertainty impacts the property market


Creative Christmas window displays

Toronto downtown skyscrapers

Brief history of skyscrapers

Savvy promotions attract early Christmas sales for retailers

Are savvy promotions attracting Christmas sales for retail stores?

Greenfield developments

Greenfield developments: The facts

facts about converting chapels churches

Things to consider when investing in church or chapel conversions

Lincoln Castle 1068

Exploring Lincoln Castle’s Georgian and Victorian Prison

the leopard inn Burslem

Facts about The Leopard Inn, Stoke-on-Trent

ancient high house Stafford

The majestic Ancient High House in Stafford

retro video game arcades

Retro video game arcades: The comeback

industrial style offices

How to achieve an industrial inspired office