What downtown downturn? Reporting on L.A. Live developer Tim Leiweke's speech yesterday at the Southern California Investor Symposium at the Beverly Hills Hotel, Globe St. reports that the Anschutz Entertainment Group (AEG) president and CEO stated that the Ritz-Carlton Residences at L.A. Live is two-thirds sold out. The residential portion of the downtown mixed-use complex, the Ritz-Carlton Residences have 224 units. Globe St. also reports that contrary to the rest of the country, Leiweke said prices are rising at the complex--the condos are currently selling for $1,200 a square foot. When sales started--around last July, according to an AEG spokesperson--they were selling for $880 per square foot, said Leiweke. [UPDATED image. Rendering via Gensler.]
· L.A. Live Developer: Time To be Bullish [Globe St.]
· LA Live Condos Priced to Sell [Curbed LA]
Filed under:
Residences at L.A. Live: Moving Like Hotcakes, Says Developer
The Latest
Curbed LA Is Closing
Head to Curbed.com — soon to be a part of the New York Magazine family — for more of the Curbed LA that you know and love.
Koreatown Craftsman With Lots of Hand-Carved Woodwork Asks $1.5M
Built in 1910, the house sits on a lush property that includes a recording studio out back.
Loading comments...