Well, the Ritz-Carlton Residences are certainly (finally) selling, but is anyone actually living there? The 224-unit project opened way back at the beginning of 2011 and has now hit 85 percent sold, according to the Downtown News. That leaves just 30 units still waiting, including 10 penthouses; prices on the remaining units start at $1.9 million and head up to $9.3 million (some of the penthouses are furnished). As we've heard previously, the Ritz is courting Asian buyers, mostly from China and South Korea--buyers from Asian countries have "fueled sales ... over the past two years," according to the VP of sales and marketing. Meanwhile, last fall we heard that 63 units were in the building were owned by just three investors, and a few months ago there was a story about a call center running out of one condo. So is it like a super swank ghost town in that place? A temp-infested rental nightmare? Anyone living there want to let us know? Email, please!
· Ritz Condominium Sales Hit 85% [Downtown News]
· Ritz-Carlton Finally Halfway Sold Out; 3 Investors Own 63 Units [Curbed LA]