Portfolio

Hotel & Residences at L.A. Live

Los Angeles, California


Market: Los Angeles

Type: Hotel, Mixed-Use, Multifamily

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.

Property Size

  • 1,001 hotel rooms
  • 224 for-sale residential condominiums
  • 100,000 square feet of meeting/event space

Local Population Density

  • 31,000 people/square mile

Highlights

  • 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:  Ford’s Filling Station, The Mixing Room, Nest at WP24, the ION Rooftop Pool Bar, and gLAnce Lobby Bar.
  • L.A. Live, which took more than five 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; more than 20 restaurants, cafes and eateries, 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.

Sustainability

  • Certified as a LEED-Silver building under the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) rating system.

Awards & Honors

  • 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.
  • Honored as Real Estate Forum’s 2007 Development Deal of the Year.

Related Websites

 

Walk Score:  90     |    Transit Score:  100     |     Bike Score:  60