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"The Bunker" Mixed-User in the Palisades Will Be Super Fancy

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The big renovation of the 28 year old Sunset Boulevard/PCH concrete structure known as "the bunker" opens for business in the fall, reports the Palisadian-Post. Owner Jake Mathews of 9 Mile investments bought the six-story, 47,802 square foot building out of foreclosure last year and has turned it into the Rockwell Building: 16 condos with three retail spaces on Sunset. Ten single-story units will occupy floors two through four, while six double-story condos will take up floors five and six. All the units have master bedrooms with ocean views and living space that opens onto a patio. The two-story townhouses feature "ocean views, decks and private backyard patios and hillside gardens. Some will have a loft space with a reading library." Salivate further: hardwood floors, patios made out of Brazilian wood, kitchens designed by a professional chef, across the street from a Vons, with ample parking, and 24-hour security, plus technology that will let owners check on their places via iPhone.

There are no prices listed in the story, Redfin is silent, and the project has no discernible website, but we can only guess at the astronomical asking prices.

There are no retail tenants in place yet, but "Mathews said he's seeking businesses that are focused on 'recreation and exercise and beauty'."

Mathews, who will occupy a unit with his family, bought the bunker from US Bank, which foreclosed on it following the death of original buyer Adam Pasori.
· Sunset Building Set for Fall Completion [Palisades Post]
· Third Time a Charm for Pacific Palisades Concrete Complex? [Curbed LA]