Billionaire Ron Burkle acquires Ennis House by Frank Lloyd Wright
Billionaire Ron Burkle, co-owner of the Penguins, has snapped up Frank Lloyd Wright's 1924 landmark Ennis House for $4.5 million.
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LOS ANGELES -- Frank Lloyd Wright's Ennis House, the 1924 hilltop mansion that is one of the master's most celebrated residential designs and one of Los Angeles' most revered architectural landmarks, has sold to billionaire Ron Burkle for about $4.5 million, 70 percent less than its original asking price.
Mr. Burkle is co-owner of the Penguins, and Wright designed two homes in Western Pennsylvania: Fallingwater and Kentuck Knob.
Ennis House Foundation chairwoman Marla Felber confirmed on Saturday the exact price: $4,458,084.58, which represents the organization's balance on a construction loan taken out to repair LA's most prestigious fixer.
At more than 6,000 square feet, Ennis House is the largest of Wright's four "textile-block" houses in Southern California, so named because their patterned concrete blocks were knitted together to serve as structure and decoration, inside and out. The Maya-influenced design, which consists of more than 27,000 blocks, deteriorated over time, sustained serious damage in the 1994 Northridge earthquake and then partly collapsed during heavy rainfall in 2005.
The foundation spent about $6.5 million on structural and seismic repairs to the Los Feliz neighborhood landmark, south of Griffith Park, and remaining repairs will cost an estimated $6 million more.
Wright's grandson, Eric Lloyd Wright, announced in June 2009 that the foundation was putting Ennis House up for sale with hopes that a private owner could better finish the job and act as the property's steward.
The house languished on the market even as the initial $15 million asking price tumbled. By this January, when the Los Angeles Times published an article on Ennis House as part of a Landmark Houses series, the price had dropped to $7,495,000.
In a region where coastal mansions and hilltop estates exceed $10 million and the compound formerly owned by TV mogul Aaron Spelling recently went for $85 million, $4.5 million might seem low for a piece of Wright history. But Ms. Felber said the foundation had few options. Because the foundation's top priority was responsible stewardship of Wright's architecture, she said, the board of directors rejected larger offers from corporations. Ms. Felber would not divulge how large those offers were, where they came from or how many were rejected.
Preservationists have speculated whether a rich celebrity or house-collecting architecture aficionado would step forward and assume the responsibility for Ennis House, but Ms. Felber said the foundation had fielded "no serious offers."
She confirmed that the Ennis House construction loan had been guaranteed by Mr. Burkle and that he had first right of refusal on any bid. But Ms. Felber disputed the notion that the foundation was the victim of a deal gone bad: $4.5 million paid for a property that has benefited from $6.5 million in restoration work.
"He was the only one to step up," she said.
The sale closed Friday. Mr. Burkle, who could not be reached for comment, is the founder of the investment business Yucaipa Companies and a fundraiser for the Democratic Party. He lives full-time in London but also owns Greenacres, the 1920s Beverly Hills estate built for silent film star Harold Lloyd. He is on the board of the Frank Lloyd Wright Building Conservancy.
As a teen living in San Bernardino County, Mr. Burkle aspired to be an architect and traveled to see the Ennis House, a spokesman said. He left a note asking to be notified if the house ever were to open for touring; the owner later called the young Mr. Burkle and invited him to see Wright's creation.
The house was built for Charles and Mabel Ennis, proprietors of a men's clothing store and admirers of Maya art and architecture.
First Published July 18, 2011 12:00 am