The below is an article that appears in the latest issue of California Homes magazine. To view the original article, click here (pdf).
The world has taken notice of Downtown Los Angeles, which has become a magnet for developers and buyers in California and abroad. Korean Air is razing the former Wilshire Grand Hotel at Wilshire Boulevard and Figueroa Street to create a $1-billion skyscraper that will be the tallest building west of Chicago. No less than three Marriott hotel properties are rising around L.A. LIVE, the sports and entertainment district featuring world-class performers and cuisine.
And at the heart of this revival is The Ritz-Carlton Residences at L.A. LIVE. Developed by AEG, these 224 luxury Residences are the highest homes in Los Angeles and its best-selling residential development. At 80 percent sold, The Residences include a large share of global buyers.
“Downtown Los Angeles has seen more recent successful development than any other area of Los Angeles,” said Vice President of Sales & Marketing Kimberly Lucero. “Many of those purchasing at The Residences base their investment on their strong belief that Downtown is a vibrant destination, with the emerging development surrounding L.A. LIVE only increasing the value of the neighborhood.”
Part of the attraction is The Residences’ unique role as both a blissful haven and a portal to pulsing excitement. International buyers recognize the Ritz-Carlton brand. At The Residences it includes the hotel-style pampering of room service, housekeeping and spa, as well as specialties such as the rooftop pool terrace, and $1 million private Champions Lounge— a tribute to the winning teams of L.A. LIVE. One of the most popular amenities in the building, the Lounge includes state-of-the-art wine-tasting and storage vault, custom glass billiard table, and a media room for private screenings.
Meanwhile, all the attractions of L.A. LIVE are immediately accessible, on an elite level. The Residents, for example, receive advance notice of the most in-demand events at STAPLES Center and the other live venues.
The popularity of The Ritz-Carlton Residences at L.A. LIVE means just a handful of its dramatic penthouses remain available. This includes a recently unveiled, 2,222-square-foot, $3.7 million residence on the 50th floor, designed by Lana Canova from Design Tec.
“My goal was to capture an ultra high-end experience, employing finishes above and beyond the already elevated approach of the Residences,” explained Canova.
Hand-crafted finishes include sumptuous wood floors, tile and marble bathrooms, and kitchen appointed with European designer cabinets and Gaggenau appliances. Twelve foot-high ceilings create an atmosphere of light, with soaring, floor-to-ceiling windows that span the length of the residence. Finishes throughout the Residences begin at luxurious, but Canova elevated them even higher,which is appropriate for this dramatic perch.
“The penthouses are the Crown Collection of Residences,” said Lucero. “They are comprised of six single-story and six two-story penthouses. This is the tallest residential tower in Los Angeles. The inspired design of these penthouses—each one unique—offers an overwhelming, sky-high living experience unlike anything else in the city.”
Learn more about the luxury homes and five-star amenities at The Ritz-Carlton Residences at L.A. here.
