CGI Company Statement on Villa Carlotta

Posted on January 6, 2016

CGI has commenced its restoration and repositioning of the Villa Carlotta, a 50-unit apartment hotel. CGI treasures Villa Carlotta as an architectural and historical gem — designed by one of LA’s most preeminent architects, Arthur E. Harvey, and designated a Los Angeles Historic-Cultural Monument in 1986. The Spanish Colonial-style building was constructed in 1926 for the widow of Thomas H. Ince, a silent film pioneer, and it has been home to many of Hollywood’s most intriguing and inspiring characters, including gossip columnist Louella Parsons, actor Edward G. Robinson, actress Marion Davies and film producer David O. Selznick.

CGI seeks to carefully transform the building, which had suffered years of disrepair and neglect prior to our acquisition, into its original neighborhood-oriented apartment hotel. Through this renovation, CGI will thoughtfully bring its history back to life, protecting the historical fabric of the building, while ensuring modern-day sustainability and safety standards are not only met, but exceeded. CGI looks forward to partnering with the community to fully enjoy this historical property.

CGI is committing a substantial investment to restore the property, which will include the complete refurbishment of the grand lobby and courtyard. Each of the 50 guest rooms, many with kitchenettes, will also be delicately restored and refurbished.

Pursuant to California’s Ellis Act, CGI is in full compliance with procedures and relocation compensation required by the Act and the Los Angeles Housing and Community Investment Department.

CGI fully supports affordable housing in our communities, and continues to include low-cost accommodations as part of it investments and new construction of residential communities throughout the United States, include for-sale, for rent, and affordable housing/low-income tax credit units.

CGI anticipates bringing the Villa Carlotta back into service as a hotel in 2018 and restore its place as an integral public social and cultural space in Franklin Village for many years to come.

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