If you have been reading the papers lately than you will know that they have just broken ground on the new 52 story Ritz Carlton Hotel next to the Staples Center as part of the LA LIVE complex. LA LIVE also includes the Nokia Theatre (7,000 seat live concert venue), ESPN broadcast Center & Fun Zone, 15 cinema megaplex, retail shopping, dining, etc. (all being developed by Rick Caruso, the creator of the Grove). This assures that Downtown LA will really be on the map FOR SURE.
Also, another new Los Angeles condo project, the PARK 5, a 72 story luxury residential complex together with a 5 star Mandarin Oriental Hotel will rise from an empty lot on Pershing Square in the heart of the Historic Core Downtown. This project also assures that values in this part of Downtown are also likely to go SKY HIGH!.
I’ve got listings at all price levels and can help anyone considering a Downtown investment of any kind. Just let me know. Visit my website at:
Or call my office: 323 769 3349. Thank you. Neil McDermott