Quote:
Originally Posted by alki
I don't know. Those condos sit above the Ritz Carlton and are adjacent to where the Lakers play. It seems to be a natural location for someone like Leo to have a pied-a-terre. I think if the Coke signs are the problem, they would have turned them off.........they're digital right?
I really shouldn't argue this point.........I lost a sense of the real estate market in LA years ago. You may be right.........that I am being too harsh. But I don't think there are any other condos in DTLA more pricey. Maybe Brigham knows better.......in terms of priciness and why they are not selling well.
|
I don't think the Ritz Carlton condos are a good example either. Some weathly individuals have bought Downtown...but it really was the uncertainty in the economy that put things to a halt. Johnny Depp bought penthouses Downtown. Mary Hart bought in the Ritz. Anchor and TV news personality Laura Diaz bought in South Park. And this weekend Patt Morison's interview in the Times with Diane Keaton brought this response from Diane:
L.A. has superb public buildings like the library, and fascinating private houses. You see a Greek Revival house next to a Mission style next to a Mid-century Modern. It's like a backlot.
It is like a backlot. We have every possible style known to man right here in L.A. We have downtown L.A., it's beyond beautiful, with our bridges, the Pabst Blue Ribbon brewery. One of my fantasies is somehow, sometime, to live down there.
Downtown has never been a really livable neighborhood until recently. The next few years you will see it become even more of a draw. The penthouses in the Eastern Columbia started at $1 million on up. EVO and LUMA were very pricey when they sold. There actually is a good mix of real estate at the lower end and the upper end. Downtown was hit hard during the recession and the values really plummeted. It has been all about short sales...but hopefully that is changing as well. To me, the biggest problem is the concentration of homeless people. The City is building some housing but we need so much more to rectify the problem.
Threaded Mode