The Roster at the Ritz
A luxury condo near Los Angeles's sports arenas attracts athletes and hard-core fans, reflecting the growing popularity of L.A.'s downtown.
Wall Street Journal
4/25/2013
By LAUREN SCHUKER BLUM
Owing in part to a slowdown in new condo construction, the Ritz-Carlton Residences at L.A. LIVE is downtown's most expensive—and most available—luxury residential tower. (Image courtesy of the Wall Street Journal)
"When Hyun-Jin Ryu, the Dodgers' new starting pitcher, first envisioned his move to Los Angeles from South Korea, he imagined himself in a house with a pool in Beverly Hills. Instead, he bought a condo downtown, a grittier part of the city.
In March, Mr. Ryu, 26, purchased a place at the Ritz-Carlton Residences at L.A. LIVE, paying just under $2 million for a 2,082-square-foot, two-bedroom unit with 10-foot-high ceilings and floor-to-ceiling windows that offer views of the Hollywood sign. Moving to the Ritz Residences "was a very convenient and appropriate decision for me," he says. "I am very close to the Korean-American community [and] I can see Dodger Stadium from my house..."
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