The penthouse was last rented by a venture capitalist named Paige Craig, who claims to have invented to the term “Silicon Beach” and “developed a reputation for the raucous soirees” he hosted at the space. Perhaps because they promised not to have any ragers, Snapchat did manage to get a deal on the rent; the penthouse is listed on its website for $25,000 a month, but they’re only paying $22,500. It’s not clear what they will be using their new space for (a rep wouldn’t tell BuzzFeed).
The listing website for the apartment doesn’t offer any specs, but we do know that it’s got a one-bedroom, two-bathroom main space (1,110 square feet), a detached guest room (200 square feet), a fire pit, a 5,000-square-foot glassed-in deck, a jacuzzi, and a “sun pavilion.” It’s separated from the sand only by Ocean Front Walk.
· Snapchat Takes Over An Infamous L.A. Beachfront Party Palace [BuzzFeed]
· Venice Beach Penthouse [Official site]
· Snapchat is Being a Very Sore Winner About Taking Over Venice [Curbed LA]
· A Partial List of Venice Businesses Potentially Pushed Out By Unstoppable Snapchat [Curbed LA]