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How Beverly Hills’ Bird Streets Turned Into a Celebrity “Clusterf—”

birdstreets_report

The Hollywood Reporter November, 2015.

Five years ago, the housing market in the hilly enclave above the Sunset Strip was on the ascent. Among the notable sales was a four-bedroom contemporary on famed Blue Jay Way that billionaire philanthropist Ted Waitt acquired from producer Megan Ellison in 2011 for $11.5 million. Since then, values have soared ever higher: This September, Waitt put the property back on the market with an asking price of $20 million. Another development: “Shovel-ready” has become an increasingly common term in Bird Streets real estate listings. Recent teardown targets include the 10,000-square-foot Oriole Way mansion that equity fund founder Alex Soltani acquired in January for $32 million from Dr. Dre (who’d purchased it for $15.4 million in 2011) and the four-bedroom traditional on Warbler Place that comic book mogul Stan Lee now is offering for a $3.8 million asking price.

In 2012, a sculptural villa designed by Mexican architect Ricardo Legoretta for Ricardo Montalban was razed to make way for an 18,000-square-foot spec designed by gigamansion specialist Paul McClean — which broke neighborhood sales records at $39 million. Will the Bird Streets’ popularity bring about its downfall? Though longtime stalwarts Leonardo DiCaprio and Keanu Reeves remain, other A-listers such as Jodie Foster, Tobey Maguire and Christina Aguilera have flown the coop. Former resident Nick Offerman has said: “We could never get sick of this place, but the neighborhood has turned into a clusterf—.”

Price per square foot is up 30 percent
In 2011, the most desirable properties in the neighborhood were commanding more than $2,000 per square foot. Now, $3,000 per square foot is not unheard of.

Number of properties on the market
In 2011, there were 15 houses on the market ranging in price from $1.25 million to $18 million. Currently, there are 22 properties for sale, ranging in price from $1.975 million to $33 million. Seven of the listings today are described as either “shovel-ready” or a “development opportunity.”

Rise in spec development

The profit potential has lured spec developers to the chagrin of longtime residents. “Construction is out of control,” says showrunner Jenny Bicks, one of the co-founders of the nabe’s Doheny Dining Club with her husband, producer Adam Peck. “People are building $30 million hillside monsters.”

Building McMansions — underground!
Some developers have been ignoring 2011 anti-mansionization laws and digging into hillsides to make multiple subterranean levels, referred to euphemistically as “basements.” Since a 2014 limit on excavations, they’ve been using plumbers’ vans instead of trucks to secretly transport dirt out.

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Robin Thicke, Paula Patton List Their Hollywood Hills House for $3 Million

HOLLYWOOD REPORTER July 2014

Following months of begging for a reunion and even naming his latest album after her, Robin Thicke and his wife Paula Patton have put their house on the market.
The couple, who were married for nine years before announcing their separation in February, listed the three bedroom, three-and-a-half bathroom home in the Hollywood Hills on the exclusive Bird Streets for $2.985 million.
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Perched above the Sunset Strip, the house was built in 1965 and bought by Robin’s father, Alan Thicke, in the 1990s, before it was passed onto his son in 2005.
One of the bedrooms is currently being used as a recording studio by the “Blurred Lines” singer, while floor-to-ceiling windows showcase views of the impressive canyon, downtown and city below.
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Outside the colorful 3,158-square-foot property there is a private pool and spa, plus a two-car garage and gated driveway winding up the secluded cul-de-sac.
Thicke, 37, and Patton, 38, were married in 2004 after first meeting in a hip-hop club when the singer was just 16 years old. They have one son, Julian Fuego, who was born in April 2010.
In the latest effort to win back the love of his life, Thicke premiered his kid-filled “Still Madly Crazy” music video — inspired by their wedding photos — on Good Morning America earlier this month.
“We were together; we were childhood sweethearts. She’s still the best person I ever met. I just thought the least I could do was to devote an album to her,” he said on the morning show while promoting his latest album, Paula.