High-rise luxury living is on the up in Los Angeles, as more and more buyers are seeking out the 5-star services and amenities — along with proximity to work, dining and entertainment — offered by residential towers in Downtown Los Angeles.
In a video shot at The Ritz-Carlton Residences at L.A. LIVE and featured in The Wall Street Journal‘s new “Mansion” section today, The Agency’s Mauricio Umansky talks with WSJ‘s Lauren Schuker Blum about the trend, which is even seeing buyers from Beverly Hills make the vertical leap from mansions to high-rise homes.
“I’m seeing a lot of people coming out of their Beverly Hills homes and saying I want to simplify my life,” said Umansky. “The reality is there are so amazing buildings that have been built that have been able to give the same lifestyle that the client from Beverly Hills is used to, and with even greater amenities.”
“I think in Los Angeles we’re going to start seeing a lot more vertical living/high-rising living,” he adds. “It’s just something that in the past L.A. has been able to expand and develop on a horizontal level, and the truth is that we’re out of land.”
Featured in the video is the two-story, $9.3 Million penthouse at The Ritz-Carlton Residences at L.A. LIVE. To learn more about the Residences, visit allaccessliving.com.
Hear more of what Mauricio has to say about high-rise living by clicking play above or click here.
ALSO AT WSJ.com: In addition to the above video feature, Mauricio Umansky contributed to today’s WSJ article (“Tech Titans Hit the Beach”) about the growing trend of Silicon Valley executives buying homes in Los Angeles. Read the article here and watch the video report with Mauricio here.
Read our past story about Los Angeles becoming the next Silicon Valley here.