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Le Melange Throws in the Towel, Goes Rental

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Let's be honest: This one was doomed from the beginning. Le Melange hit the market at the beginning of the end, in early August, selling units priced from $730,000-$960,000, but its location isn't the best--it's wedged near a busy corner at Fairfax and Wilshire and the views are basically of the construction pit at Los Angeles County Museum of Art. But the biggest problem now facing Le Melange, which announced its rental plans this weekend, is competing with all those new amenity-rich rental buildings like Le Viridian and 5600 Wilshire (both are within walking distance). If you're going to pay $3,000-$6,000 a month in rent (Le Melange's asking rents), you might as well have a pool and your own office cubicle.
· Fairfax Avenue's Le Melange Puts Out Balloons, Opens Doors [Curbed LA]