With a history steeped in celebrity, glamour and legendary entertainment, downtown Los Angeles has always been a destination, but rarely a home. With recent revitalizations throughout downtown, Los Angeles is looking to step up its global prowess and stake its claim on the world real estate market.
One of the most important developments that is completely revitalizing Los Angeles is the construction of the Ritz-Carlton Residences at LA Live. With a reputation for luxury and hospitality, Ritz-Carlton’s new project is transforming the way that Los Angelinos work and play downtown.
Located in a towering building along the majestic Los Angeles skyline, the Ritz-Carlton Residences feature 223 luxury homes starting on the 27th floor and rising all the way up the 52nd floor. The building itself was designed by internationally lauded architecture firm, Gensler, and is the first skyscraper to be built downtown in almost two decades.
Each home is the quintessence of class and comfort. Kitchen appliances and fixtures are curated from latest collections of the finest European purveyors such as Gaggenau and Snaidero. Floor-to-ceiling glass offers unparalleled views of the bright lights of a world-class city and its surroundings.
The association with the legendary hotel chain grants residents access to amenities that simply take living to another level. Those getting ready for a red-carpet rendezvous can receive the celebrity treatment at the 7,000-square-foot spa. Residents also have access to a pool on the 26th floor with 180-degree views of the city and mountains.
Downtown Los Angeles is No Longer Just a Destination
In addition to a massive economy built on Hollywood, Los Angeles is finally adding some important financial and technological industries, making it an ideal place for those in bi-coastal business. Even New Yorkers who work remotely but love the sun, surf and sand are finding that downtown Los Angeles is ideal for work, play and life.
According to Altos Research, a California-based real estate research company, the residential real estate market could not be hotter in Los Angeles than right now. The Market Action Index spiked late in 2013, but has since leveled off to a 40.53 for the seven day average indicating that the market is leaning generously in favor of home sellers, but not so extreme that home buyers cannot get in on the action.
This indicates that demand is very high and homes in Los Angeles are flying off the shelves. The Ritz-Carlton Residences are prepared to meet that need and raise the bar to make living in the downtown area even more desirable.
With the LA Live complex located just below the residences, Ritz-Carlton is seeking to create not just a place to live, but a vibrant community. The complex is home to a movie theater, market and numerous restaurants, bars and entertainment venues.
Interested in taking your own luxury living to the next level? Please contact us, as we’d love to assist you in finding your luxury Los Angeles property today.
Consider these available homes on the market in Los Angeles between $2 million and $3 million
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(all data current as of 10/22/2017)
Listing information deemed reliable but not guaranteed. Read full disclaimer.