Investor budgets $5M to restore architect Ando’s concrete masterwork

Sources: Belwood Investments, Newport Beach, Calif.; CP staff An investor is set to acquire 24844 Malibu Road, a southern California oceanfront residence designed by legendary architect Tadao Ando. Substantially completed in 2013 but compromised by subsequent work, the home embodies 600-plus yards of concrete on a 4,000 sq.-ft. floorplate. Belwood Investments secured a contract for the Malibu property in the…

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