Los Angeles, California
Market: Los Angeles
Type: Hotel, Mixed-Use, Multifamily Residential
Role: Development Partner
Status: Development completed in 2010 and 2011
Landmark high rise that serves as the cornerstone of L.A Live, a sports, residential and entertainment district built adjacent to the Staples Center and the L.A. Convention Center in downtown Los Angeles.
1,001 hotel rooms
224 for-sale residential condominiums
215,400 square feet of meeting space
23,100 people/square mile
35% of metro area median household income
Invested in the development project through a venture with AEG, developer of the property and master developer of the entire L.A. Live district.
Fifty-four story tower that consists of an 878-room JW Marriott Hotel, a 123-room Ritz-Carlton Hotel, and, on the highest floors, 224 Ritz-Carlton Residences luxury condominiums.
The high-rise also features Wolfgang Puck’s WP24 Restaurant & Lounge on its 24th floor. Other notable restaurants and cocktail lounges on the premises: LA Market by Kerry Simon, the ION Rooftop Pool Bar, gLAnce Wine Bar, and the Mixing Room.
L.A. Live, which took more than 10 years to develop in full, encompasses four million square feet and was designed to be Southern California’s leading entertainment destination, hospitality location and event center.
L.A. Live also features the Nokia Theatre L.A. Live, home to the EMMY Awards, the ESPY Awards and the American Music Awards; Club Nokia, a 2,300-seat, live-music venue; the Regal Cinemas L.A. Live Stadium 14 movie theater; 13 restaurants, including Wolfgang Puck Bar and Grill; the GRAMMY Museum; and ESPN broadcast facilities; all of which are configured around the 40,000-square-foot, open-air Nokia Plaza.
Certified as a LEED-Silver building under the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) rating system.
Named 2010 Project of the Year by Los Angeles Downtown News.
Awarded Development of the Year for 2010 by the Americas Lodging Investment Summit, an annual conference co-hosted by the American Hotel & Lodging Association and Burba Hotel Network.
The Ritz-Carlton Residences at L.A. Live were named Best New Community of 2010 by Luxury Real Estate.
The entire L.A. Live development received the Urban Land Institute’s prestigious Global Award for Excellence, one of only five development projects in the world to earn such honors in 2010.
The L.A. Live district also won the Los Angeles Business Council’s 2010 Community Impact Award handed out as part of the group’s 40th Annual Architectural Awards.
The Ritz-Carlton, Los Angeles Opens at L.A. Live
New J.W. Marriott Hotel Los Angeles Opens at L.A. Live
Honored as Real Estate Forum’s 2007 Development Deal of the Year.
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