The latest addition to Beverly Hills’ luxury residential market is coming courtesy of famed hotel chain, Four Seasons.

The LA Times reports that the as-of-now-titled Four Seasons Private Residences–Los Angeles, will feature 59 units, which will include multiple-story townhouses.

Located across the street from the Four Seasons Los Angeles at Beverly Hills, Private Residences will operate independently of its sister hotel. Unlike in the case of other residential developments that are associated with major hotel chains, residents of the Four Seasons’ offspring will not have to share elevators or services with visiting hotel guests. The luxury condominiums will, however, feature certain amenities that can also be found at the Four Seasons Los Angeles at Beverly Hills.

Slated to be some of Los Angeles’ most expensive condos, the as-of-yet-built complex, is projected to boast sales prices that are up to 50 percent higher than similar luxury condos in the surrounding area. The asking price for one penthouse is a whooping $50 million.

Housing a private elevator, garage, 9,000-square-foot garden, and pool, the extra swanky penthouse, which has already been reserved, will offer its occupants tons of exclusivity and privacy.

The 12-story, Four Seasons Private Residences–Los Angeles, will open sometime in 2017.

Photo courtesy of the Los Angeles Times