According to Yvonne Arias, broker and owner of The Property Lab headquartered at LA Live, there is no slowdown in the luxury condo market, one of her specialties.  We definitely believe her as she dominates some of the hottest markets in LA, including Downtown LA and Hollywood.  Currently she is helping developer HEI sell their top floor, brand new penthouses at The Residences at W Hollywood that are pretty spectacular.
As of now, she has her sales team focused on a southwest corner unit called The Vista at over 5000 feet, including terrace space, with gaping views of iconic Hollywood, Century City and the Pacific Ocean.  Asking $6,750,000, she is confident this prize piece of real estate will have a new owner soon.  Yvonne sold the first 15th floor penthouse last May at around $1240 a foot and prior to that, she had sold the building’s largest penthouses on the 12th and 14th floors–A great track record no doubt.
“These luxury condos are a standout in the LA market because they are hip and fresh not only in their design, but also because of their location.  Much of the new luxury condo inventory is more conservative in design & doesn’t resonate as much with that younger buyer.  Right now Hollywood is ultra hot with all the media tech that has come and are still coming so it’s a great time to invest here,” says Yvonne.
The Residences at W Hollywood are located at 6250 Hollywood Blvd and are considered to be the most exclusive and desired condominiums in the area as they offer a full service experience to their residents that includes security, concierge, valet parking, and stunning amenities that include a 1/2 acre rooftop park, dog park, fitness center, screening room, room service and more.  For more information about purchasing one of these exclusive properties, contact us today.
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