We are oh so curious about the $1 billion dollar Oceanwide Plaza project on Figueroa in South Park, Downtown Los Angeles. Those cranes have been going strong and last we heard, it would be a mixed use complex like LA Live with a hotel branded by Roberto Cavalli.
Many thought that was an interesting brand choice and seems the powers-that-be ended up thinking the same. Cavalli has since been scrapped and for about a year now it’s been a mystery what the new hotel would be. Well, wait no more. We’ve recently learned the Oceanwide Plaza project will be 504 condos and retail attached to a Park Hyatt hotel.
Now, if you’re like us, we aren’t too familiar with this hotel chain. In fact, there are only 6 of these hotels worldwide and it’s the 5-Star branch of Hyatt. Their chief says they have been very selective in choosing their new location and they feel South Park is a great fit. Apparently, they had tried the hotel in Century City and it is now the Intercontinental.
Anyhow, looks like the project is coming along and some of its starry features will include a 2 acre outdoor space, an open air galleria and a 700 Foot Exterior LED Ribbon. Sounds very Vegas-esque. Set to debut in early 2019, should be a nice addition to the booming South Park neighborhood & a great location across the street from Staples Center, The Ritz-Carlton & LA Live. Be sure to stay in touch with The Property Lab for sales updates.
Around Los Angeles, Sam Nazarian is a known business man and at the head of SBE – a company that runs trendy hotels, restaurants and night clubs like the SLS Hotel near The Beverly Center & one of its newest clubs, The Doheny Room in West Hollywood.
Right now, we’re focused on it’s newest delve into Downtown Los Angeles and that’s Cleo. We wouldn’t normally talk about a restaurant as we are focused on residential luxury real estate, but since it’s at L.A. Live, it’ll be The Property Lab’s neighbor, so we wanted to give it some attention.
This will be Cleo’s second location, as it began at The Redbury Hotel in Hollywood, very near TPL’s other popular place of business–The W Residences Hollywood. Cleo’s Chef Danny Elmaleh has won some awards we hear for Cleo so we can’t wait to try it. The restaurant is now open and serving breakfast, lunch & dinner that includes Mediterranean inspired eats like kebabs, flatbreads & a mezze bar with a glamorous twist. And we hear Cleo’s doing so well, there are plans to expand worldwide. You go, Cleo.
In Downtown Los Angeles, the First Tower of one of South Park’s most anticipated projects is about 75% sold. The Metropolis, developed by Chinese developer Greenland, is really coming along and it just topped off it’s Tower Two a few days ago on 9/30.
The amenities continue to look impressive with plans for large green spaces, dog parks, steam rooms & more. It seems the monthly HOA dues are relatively low considering what it looks like you’ll be getting. The pricing starts in the $600K range for studios & if you’re looking to move in 2016, there are still a few condos left in the first tower set for completion by December. Contact the Lab at Info@ThePropertyLabRE.com for more information. We have our eye on a few special units here…
In her work in the Malibu area, TPL owner Yvonne Arias has never come across a new luxury condo project that starts under $1M. So when she came across The Cavalleri Malibu that starts at $998,000 for a 2 bedroom at nearly 1600 square feet, she definitely wanted to share with her clients.
Built by San Francisco based developer Pacific Eagle, these 2 & 3 Bedroom Condos (there are also Penthouses) not only start at a reasonable price in comparison to other popular real estate in the area, but the property looks pretty great. It’s in the Point Dume area so you have a great beach nearby & some of the amenities include a pool, fitness center, fireplace lounge area, on site tennis, yoga & more. HOA dues also seem very reasonable starting around $1000.
If you’ve been thinking about a move to the ocean whether it be a main home or a vacation property, definitely contact Yvonne Arias for more information, more photos, etc. Don’t miss out as these prices aren’t seen too often, especially for an area like Malibu. Contact the Lab at Info@ThePropertyLabRE.com or 310-294-6838.
One of the most exciting rental projects we’ve seen maybe ever is about to start taking reservations. Contact us soon as we already have a waiting list for our clients that want first dibs on these luxury apartments in the popular Century City area.
To refresh, these luxury apartments are located in Los Angeles on Santa Monica Blvd right next door to the Century City Mall, currently in heavy makeover mode, and Beverly Hills is also a neighbor. What a great location and it’s no wonder people seem to be lining up to view this gorgeous new high rise that will open November 1st, 2016. Some of the stellar amenities include an indoor lap pool (pictured). Prices have been set at $9600-$25,000 and there are 2 & 3 Bedroom Homes; sorry no 1 Bedders.
Ten Thousand is built by Miami’s Crescent Height developers, this 39 story building will house 283 apartments and boasts such amenities as indoor & outdoor pools, car service, tennis court, 1 acre park, fitness center, a resident lounge & much more. If you’d like to schedule a tour, please contact us at Info@ThePropertyLabRE.com or (310) 294-6838.
The anticipated 8500 Sunset Blvd project in West Hollywood will be launching soon and we can’t wait!
Plans to announce pricing were originally set for this past July, but a lag in city approvals has caused a delay. Not too shocking considering these types of delays are to be excepted so we’re hoping the new price release date of winter 2016 will be on point. As for actual sales of the condos, that should begin in the first quarter of 2017 as we’ve been told.
Located at the corner of La Cienega Blvd & Sunset Blvd, this is prime real estate within short walking distance to the popular Mondrian Hotel that is home to the famous Sky Bar and just to the west is the popular Sunset Plaza with plenty of shops, restaurants & retail.
Buyers will have the opportunity to purchase studios, 1 & 2 bedrooms & there will also be duplex style condos hat will surely be spectacular. We hear the south views will be the most stunning as you’ll see Downtown Los Angeles all the way to Century City. The north views will likely be pretty great too with views of the Hollywood Hills. Be sure to stay in touch with The Property Lab for more information & to get on our priority list.
I’m glad you asked! The Ritz-Carlton Residences at L.A. Live are located in an area called South Park, a district in the southeast portion of Downtown (check out our map above). Considered by many as the Beverly Hills of Downtown Los Angeles, South Park is the cleanest and safest area per the powers that be at the official South Park website.
With 7000 residents, South Park covers 52 square blocks and is home to of course The Ritz-Carlton Los Angeles, the LA Convention Center, Staples Center, the Fashion Institute of Design & Merchandising & more.
There are currently over 10 projects underway in South Park and very exciting to see this boom as this area has become so popular. This growth definitely makes it very exciting and if you’re considering investing in this area, make sure to contact us for properties for sale. Prices continue to rise so there’s no better time than now!
Yes, that’s right! The building was built in 2010 & primarily has resales now, but TPL owner Yvonne Arias recently listed a brand new condo for sale at The Ritz-Carlton LA Live. It’s condo #34G and one of the more luxurious one bedroom plans that has never been lived in. If you’re curious why it’s never been lived in, well, the owner purchased this condo and had specific plans to hold it and sell it when they felt the time was right.
As you may know, Downtown Los Angeles Real Estate is booming and this is the perfect time to launch this brand new condo on the market. With it’s prime views of the Ritz-Carlton Rooftop Saltwater Pool, Skyscrapers & LA Live, this condo sure makes an impression.
It’s soaring on the 34th floor and whether it’s day or night, the views just take you in. You can also check out all the action happening at Staples Center, Microsoft Theater or the always happening LA Live Courtyard!
This condo is over 1200 square feet and is the only One Bedroom to feature a proper second bathroom with shower, study nook & larger laundry room.
Get in touch with TPL to schedule a viewing or get more information. The price is $1,395,000