A Los Angeles actual property investor recognized for promoting houses to celebrities has donated a $100 million workplace tower to Chabad, the worldwide Orthodox Jewish outreach motion, to create what’s slated to grow to be one the world’s largest Jewish facilities.
Alon Abady and his spouse, Monique, transferred the 16-story, 300,000-square-foot complicated at 9911 W. Pico Blvd. to Chabad of California, which plans to remodel it into the Chabad Campus for Jewish Life.
The property sits within the Pico-Robertson neighborhood, the center of Jewish Los Angeles, down the road from the Museum of Tolerance and close to the Simon Wiesenthal Middle, Fox Studios and, since 2023, the Ziegler Faculty of Rabbinic Research, a Conservative motion seminary.
Chabad officers say the constructing was appraised final fall at $103 million, making it one of many largest single presents ever to a Jewish group. The brand new campus is predicted to function a regional hub for Jewish non secular life, social companies and training, in addition to a world middle for the Lubavitch motion’s worldwide community of emissaries.
The campus will embody a synagogue, life-cycle venues, youth and senior packages, mental-health and social companies, museums and assist for Jewish college students on school campuses, together with amenities for giant communal and worldwide gatherings.
“It is going to be an epicenter of Jewish life,” stated Rabbi Chaim Nochum Cunin, one of many leaders of West Coast Chabad. “It should remodel the panorama of Jewish life in Los Angeles and all through the world.”
Abady, who works as a managing companion of Waterfall Bridge Capital, paid $35 million for the property in 2023 with plans to redevelop it. The present market worth of $103 million displays an appraisal by Associate Valuation Advisors performed in September, based on Rabbi Motti Seligson, director of public relations for Chabad’s headquarters in Brooklyn.
Abady is finest recognized for high-profile actual property offers in Los Angeles, together with the $96 million buy of the Sofitel Beverly Hills lodge in 2021. He has additionally been concerned in a collection of extensively famous residential transactions, together with shopping for and later promoting Simon Cowell’s former Beverly Hills residence and promoting a property to Justin and Hailey Bieber.
The campus will rank among the many largest Jewish establishments on the earth. It is going to be smaller than Chabad’s 538,000-square-foot Menorah Middle in Dnipro, Ukraine, however bigger than most Jewish neighborhood facilities in North America and comparable in scale to New York’s 92nd Avenue Y, which additionally consists of residential and non-Jewish cultural amenities.
Abady stated his present displays a long-standing relationship with Chabad that dates again to his household’s arrival in Los Angeles within the Nineteen Seventies, after they have been assisted by Rabbi Baruch Shlomo Cunin, Chabad’s West Coast director.
“It is a lifelong dream that additionally permits me to honor my mother and father and my kids,” Abady stated in an announcement. “When my household immigrated to Los Angeles within the Nineteen Seventies, Chabad was there for us. That was by no means forgotten.”
The announcement comes at a second when many Jewish establishments are underneath monetary pressure. In Los Angeles, it follows the latest sale of the American Jewish College’s historic Bel Air campus. The 22-acre hilltop property was transferred in 2024 to Milken Neighborhood Faculty, its neighboring Jewish center and highschool, and AJU’s rabbinical faculty, Ziegler, moved to Pico-Robertson.
Whereas the ultimate buy worth was not publicly disclosed, the sale was extensively reported to be within the roughly $60 million vary, permitting Milken to develop its campus as AJU consolidated its operations.
