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Reality TV watchers accessory Douglas Elliman agent Fredrik Eklund with shiny, new, high-end New York condominiums, aback he’s generally apparent assuming them to audience on “Million Dollar Advertisement New York,” a Bravo TV alternation he’s starred in aback 2010. But Mr. Eklund, 42, afresh relocated to Beverly Hills, California, and is bringing that address ability to 8899 Beverly, a new, 40-residence affluence architecture in West Hollywood’s Design District.
The Sweden-born Mr. Eklund said the architecture has a akin of affluence that’s about been aloof for abode in the hills. Apartments—and several townhouses—will accept floor-to-ceiling bottle windows that accelerate angular and abandon into walls, and the architecture will accept clandestine bottle showrooms for affluence cars.
While Mr. Eklund, 42, still campaign aback and alternating to New York and Miami— breadth he additionally has an appointment and a aggregation of brokers—for now, L.A. is his home base. “It’s fun to get the best of three worlds,” he said.
We bent up with Mr. Eklund to altercate vertical active in a acreage accepted for mansions, his dream of active abreast the beach, and more.
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Abode Global: Describe your dream property.
Fredrik Eklund: If you attending at my claimed absolute estate. It’s like a access activity up to heaven. I had a baby accommodation in Stockholm and afresh afore we left, we had a accommodation in New York. But now, for me, a dream home would be accurately on the beach. Aback I was a kid, I had posters of beaches about the apple on my walls. To airing on the bank with my kids would be dreamy. We’re about 25 account from the bank now, in Beverly Hills.
Even admitting I faced the baptize in New York, a bank acreage is so different.
MG: Do you accept a absolute acreage acreage that got away?
FE: I had a advertisement that I never sold. I was bedeviled with it and would accept capital to buy it if I could allow it. It’s the Marble Abode at 60 Collister Street in Tribeca. It’s an absolute abode with 17 altered kinds of marble. I awash out the accomplished building, but not that one. It had a 40-foot lap pool, a bathroom and a clandestine garage.
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MG: What does affluence beggarly to you?
FE: For me, affluence is convenience. And actuality a ancestor of adolescent children, it’s about services. Accepting amenities—in the building, in the accommodation and in the actual ambiance of the home.
In L.A., it’s an agitative time. It’s accepted for luxury, ample houses, but what’s accident now is affluence condos with absurd conveniences are coming. Alike in Beverly Hills, they’re accepting them. Vertical active didn’t acclimated to be commodity bodies accepted there. The accomplished abstraction of authoritative a accommodation afore a architecture was done, and accepting sales galleries afore the home could be seen, that’s new.
MG: What breadth do you anticipate is the abutting hub for affluence properties?
FE: You appetite to buy affluence in a adjacency breadth there won’t be added affluence condos actuality built. In New York and alike in L.A., if there are a lot of big architecture about you, and it’s not the best abode to buy. 8899 is a abundant archetype of a acceptable investment, because it was grandfathered in, but commodity like this won’t anytime be congenital again.
In New York, the West Village and NoHo are the alone neighborhoods that are not seeing too abundant inventory. Prices accept consistently gone up there. That’s because there are acme restrictions and battleground buildings.
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MG: What’s the bigger abruptness in the affluence absolute acreage bazaar now?
FE: Homes in the low-$3 millions are aerial off the shelf. And in L.A., you additionally accept $70 million, $80 million, $100 actor homes that are selling. But the added difficult market—not that it’s bad, aloof tricker—is the $6 actor to -$15 actor market. Those booty best to sell; that’s a bit of a surprise.
MG: Breadth are the best affluence homes in the apple and why?
FE: Los Angeles, and I can allege a little as an outsider. There’s so abundant absurd absolute acreage and so abundant absurd abundance here. You can see it in the amount points, the appear sales, almanac afterwards record.
New York will consistently accept absurd absolute estate, and penthouses, with millionaires and billionaires affairs them, but aback it comes to mega-luxury homes, I accept to say L.A.
MG: What’s your admired allotment of your home?
FE: The pond pool, which is an beyond pool. Aback we’re far up aloft the city, the appearance is incredible. Actuality in the basin attractive at that appearance is aloof amazing. The kids adulation it, too. Accepting lived in New York for 16 years, we so acknowledge it.
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MG: What best describes the affair to your home and why?
FE: It was congenital in 1970, and it’s actual ’70s, it’s like a glam ’70s, Tom Ford -style house. It’s annihilation like I’ve anytime apparent before. It feels actual sexy. My apartments acquainted homey, but this is added glamorous. It’s not necessarily so abundant for kids. There’s lots of stone, wood, bottle and mirrors. It’s an amazing abode to bandy a Grammy affair in.
MG: What’s the best admired affair in your home?
FE: The kitchen, because I’ve absolutely fabricated an accomplishment to eat with the kids—no phones, nothing. I baker every night. For me, affable is an act of love.
MG: What’s the best admired advantage to accept in a home appropriate now?
FE: There are a couple. In a new building, for the affectionate of client who would buy at 8899, it’s the auto stable, advised for bodies who aggregate cars. It has admirable herringbone-brick flooring. We had a client with a $3 actor car, and he capital the barn to be as admirable as the blow of the apartments.
At 40 Bleecker in NoHo in New York, you can get IV drips and a cryotherapy affair in the building. Wellness is the added extreme. In general, you’re seeing things that acclimated to alone be in a ample abode actuality accessible to accommodation owners.
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MG: What’s your best allotment of absolute acreage advice?
FE: To absolutely accord it some time. Aback you’re affairs or selling, it can be actual impulsive. It’s like aback you airing by a retail shop, and you see a watch or an amazing dress, and you think, “I gotta get it,” and you get absent and balloon about it, and afresh two weeks after aback you airing by again, you think, “why did I like that so much?” Brokers, myself included, can be pushy, but you charge to booty time.
We’re in a bazaar breadth you accept time to appear aback a few times and attending at a abode in altered lights and at altered times.
MG: What’s activity on in the account that will accept the bigger appulse on the affluence absolute acreage market?
FE: Interest ante are important. There’s been a lot of babble about them activity lower, admitting they’re at celebrated lows. If they accumulate activity lower, it gives the absolute acreage industry a above boon. Prices will go up, because money becomes so cheap.
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MG: What is the best breadth now for advance in affluence properties?
FE: In cool prime neighborhoods—in Beverly Hills, West Hollywood, Trousdale, Holmby Hills. You additionally can’t go amiss in places like the West Village and NoHo in New York. Those are able alike in a bottomward market.
MG: If you had a best of active in a new development or a prime resale property, which would you accept and why?
FE: Not all new developments are created equal, so there’s no accessible answer. It’s consistently nicer to accept aggregate new, new, but it’s not consistently better. If you’re affairs super, cool affluence new-new is better. But a resale can be bigger with bourgeois luxury.
MG: What breadth currently has the best resale value?
FE: Those places we talked about that authority their value. In Miami, beachfront is best valuable. There’s not abundant that can be adapted and there’s no acreage left.
Click to Read Added Affluence Absolute Acreage Professionals Share Their Insights
This commodity originally appeared on Abode Global .
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