The Playboy Mansion may no longer be the home of the late Hugh Hefner, but a recent agreement will guarantee that it will be around for quite some time.
Described as a permanent protection covenant, the deal – made by mansion owner Daren Metropoulos – guarantees that the Playboy Mansion in Los Angeles, California, won’t be demolished.
Signed with 5th District Councilmember Paul Koretz, the deal guarantees that the 14,000-square-foot main residence will be restored to ‘its original grandeur.’
s
A permanent protection covenant guarantees that the Playboy Mansion in Los Angeles, California, won’t be demolished
The deal was made between home owner, Daren Metropoulos (pictured), and 5th District Councilmember Paul Koretz
Metropoulos had hoped to connect the estate to his next door when he initially purchased the mansion in 2016 for $100million. Arthur R. Kelly had designed both properties.
But the Playboy Mansion requires ‘substaintial renovations and repairs following a long period of defered maintenance,’ the agreement states, according to reporting from the Los Angeles Times.
Koretz (pictured) detailed that the agreement is permanently fixed onto the property. He added that all future owners must follow the guidelines set forth
Koretz detailed that the agreement is permanently fixed onto the property. He added that all future owners must follow the guidelines set forth.
The owner will have to notify the district’s council anytime they make demolition permits for any part of the property that is not the main residence.
Last year, Koretz offered that the city officiate the property as a historic cultural monument.
Doing so would have protected the architecture of the home, but issues such as mold and leakages wouldn’t be addressed in an adequate time, chimed Koretz’s spokeswoman – Alison Simard.
Keeping the covenant, the property is able to get proper renovations and modernizations as seen fit, she added.
‘I’m extremely passionate about its architecture and look forward to this momentous opportunity to transform one of the finest estates in the country,’ Metropoulos said in a statement.
‘As Mr. Hefner was aware, I plan to meticulously refurbish the property with the highest quality and standards in mind.’
Hefner was able to continue living in the Playboy Mansion for a payment of $1million a year until he died, last year
Hefner was constantly criticized for misogyny, sexism and overall his treatment of women. Former Playboy Bunny Holly Madison detailed her years of verbal abuse and depression she dealt with while living with Hefner.
But while Hefner did operate at the home for more than 40 years, he wasn’t the mansions first owner, which leads Koretz’s to claim that the home has historic significance for the Holmby Hills neighborhood.
The home was built in 1927 for Arthur Letts Jr who was the son of a department store magnate.
‘The significance of the property to Los Angeles’ history actually starts with the Letts family and shouldn’t be forgotten,’ Koretz added in a statement.
Hefner was able to continue living in the Playboy Mansion for a payment of $1million a year until he died, last year.
But while Hefner did operate at the home for more than 40 years, he wasn’t the mansions first owner, which leads Koretz’s to claim that the home has historic significance for the Holmby Hills neighborhood
The home was built in 1927 for Arthur Letts Jr who was the son of a department store magnate