This is the second main Frank Lloyd Wright residence in Los Angeles to be purchased up by the founder of a CBD wellness firm.
The Ennis Residence, 1 of Frank Lloyd Wright’s most uncommon private household styles, has captured the imaginations of Los Angeles residents for practically a century now. This enigmatic home produced headlines once more final week, when it sold to an unknown purchaser for $18 million — the highest value ever paid for a Wright-made household.
Much less than a week later, the mystery of the new owners was place to rest. Curious journalists just found that the landmark home was bought by former PR executive Cindy Capobianco and her husband, environmentalist/philanthropist Robert Rosenheck. The couple are maybe most effective identified as the founders of Lord Jones, a luxury cannabis beauty firm that creates CBD-infused cosmetics, physique lotions, gels, candies, and bath solutions.
Lord Jones is now 1 of the country’s most effective-identified sellers of CBD-infused beauty solutions, immediately after becoming the very first cannabis firm to sell its solutions in higher-finish retail chains like Sephora or Equinox. This summer season, Canadian cannabis giant Cronos Group, the very first weed firm to trade on the US stock market place, took ownership of Lord Jones in a $300 million deal — which could possibly just clarify why Capobianco and Rosenheck can afford to snap up 1 of LA’s most iconic genuine estate landmarks.
The Ennis Residence, situated in the Los Feliz neighborhood of LA, close to Hollywood, was constructed in 1924 by Wright and his son. The six,000-square foot home was made in a “Mayan Revival” style, drawing on influences from ancient South American culture, and was constructed pretty much totally working with 27,000 decomposed concrete blocks. The mansion’s exceptional look has been featured in a quantity of main films, maybe most notably as the residence of Harrison Ford’s lead character in Blade Runner.
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This historic home suffered in depth structural harm through the 1994 Northridge earthquake, and ultimately slipped into a state of disrepair. In 2011, billionaire supermarket magnate and architectural preservationist Ron Burkle purchased the home for $four.five million. Burkle fully renovated the home at a reported price of $17 million, partially offset by a $six.four million FEMA grant and a $four.five million building loan.
Final year, the renovated home went back on the market place at the eye-watering value of $23 million, but the purchaser ultimately settled on a sale value of $18 million. But in spite of the higher value tag, the Ennis Residence will not stay off-limits to the public. The original contract that Burkle signed when he purchased the home stipulated that he had to present some type of public access to the home 12 days per month, and all future owners of the home are also essential to agree to this contract.
The Ennis Residence is exceptional, but bears a robust resemblance to a further of Wright’s creations, the Sowden Residence, also in Los Feliz. Like the Ennis Residence, the Sowden Residence has been featured in a quantity of Hollywood films, which includes The Aviator, but the latter household also has a dark side. Police now think that this majestic home is the website of the 1947 Black Dahlia murder, as nicely as a quantity of other brutal murders, and it is regarded as 1 of LA’s most haunted properties.
In a further striking coincidence, the Sowden Residence was also purchased by a millionaire who produced his funds in the legal pot market. Final year, Dan Goldfarb, founder of the Canna-Pet brand of CBD-infused pet medicines, bought the home for a cool $four.7 million. The existing owners are now working with the household as a aspect-time occasion space, below the name Black Dahlia, and have currently hosted various cannabis-themed events on its historic grounds.