The Downtown News has reported that 950 S. Broadway, the seven-story structure across from the Ace Hotel, has plans to be turned into 30 loft apartments, and will include a rooftop deck, as well as 7,500 square feet of retail space.
Designed by Killefer Flammang Architects, which has done many Downtown LA adaptive reuse projects, the plan is to restore the historic look of the original facade, namely by re-creating a decorative cornice along the roofline and adding some balconies. White plaster will replace today’s gray concrete surfacing on the exterior.
The 102-year-old building happens to sit in the Fashion District adjacent to Palmer’s under-construction Broadway Palace, which will create nearly 700 apartments in new seven- and 10-story structures at Olympic Boulevard and Broadway. A budget and construction timeline have not been revealed.
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As demand continues to soar and supply dwindles, prices have now grown to well over $10 million for a luxury high-rise penthouse at the Ritz-Carlton Residences. The Downtown News recently reported that a 6,590-square-foot condominium has just hit the market. The most expensive Downtown residence ever, unit 51A, a two-level penthouse in the Ritz-Carlton Residences at L.A. Live is listed for and asking price of $15 million.
The crown jewel of Downtown Los Angeles, 51A is a duplex penthouse atop The Ritz-Carlton Residences at L.A. Live and was masterfully custom designed by Moore Ruble Yudell. With 6,590 sq. ft. of fully-furnished interiors, this remarkable residence in the sky affords you uninterrupted jetliner views of downtown and the Los Angeles skyline, access to The Ritz-Carlton’s gold standard of service and has you an elevator ride away from city’s premiere sports and entertainment attractions.
The sleek, flush design is ideal for showcasing artwork and creates a dynamic visual experience throughout. A second level en-suite guest bedroom is joined by a master wing featuring a lounge room, spa-like bath, full bar and closets reminiscent of a high-end boutique. In addition to a world-class restaurant, residential sky lobby and private heated rooftop pool terrace, all residents can seek out the nearby STAPLES Center, Nokia Theatre, L.A. LIVE and The GRAMMY Museum. Request details, photos and viewing.
Three more brand new luxury high-rise condominium buildings are in the works, including Metropolis Los Angeles now under construction, along with upcoming high-rise projects at Grand Avenue Parcel Q and 1133 S Hope St.
Get a free list of upscale and move-up home, luxury lofts, high-rises and penthouses in Downtown Los Angeles. Fill out the online form:
Designed by Killefer Flammang Architects, which has done many Downtown LA adaptive reuse projects, the plan is to restore the historic look of the original facade, namely by re-creating a decorative cornice along the roofline and adding some balconies. White plaster will replace today’s gray concrete surfacing on the exterior.
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