Over the past several years Downtown Los Angeles has enjoyed a steady increase in popularity. From theater, to sporting events, amazing restaurants, to a vibrant art scene and amazing nightlife, DTLA is one of the hottest places to be and the downtown real estate market is hotter than ever!
Johnny Depp jumped into the downtown real estate market back in 2007, moving into the newly renovated Eastern Columbia Building, known for its trademark four-sided clock tower. Depp paid $7.2 million to purchase five adjacent penthouses that compose 11,500 square feet in the building and feature nine bedrooms and 14 bathrooms.
Doorways were added to connect three of the units together, which Depp used as entertaining spaces, and the remaining two currently serve as an art studio and a guest suite. These amazing penthouse units recently hit the market, listed at $12.78 million, which will earn Depp a potential profit of more than $5 million.
The renovations at Eastern Columbia are impressive, but the newer Ritz Carlton Residences at LA Live include all of the amenities one would associate with the Ritz Carlton brand.
This corner unit with incredible views positions its residents right in the middle of the action!
With an increase in property value comes an influx of fabulous shopping and dining opportunities as well. The restaurant scene downtown used to be rather hit and miss, with only a few truly amazing eateries to choose from, but today’s downtown L.A. food scene has a little something for everyone. Here are some of my favorites:
Sushi Gen – Like Sushi? Sushi Gen has been around since 1980 and have it down to an art form. It bridges the gap between quality and affordability. It’s said that half the chefs in town name this place as a favorite hangout.
Wexler’s Deli – Attempting to answer the age-old question as to who has the the best pastrami sandwich in town and giving Langer’s a run for their money.
Redbird – Opening in December 2014, Redbird was a welcome addition to DTLA’s up and coming dining scene. A great place for a pre-theater dinner or after-show night-cap. Great, inventive food that proves extremely satisfying.
Bestia – It opened 3 years ago, yet Bestia remains one of L.A.’s few true perennial hot spots. On the edge of the Arts District this industrial-chic space serves up inspirational Italian cooking and stellar drinks both at the bar and on the wine list.
Broken Spanish – Modern Mexican food that pairs beautifully with cocktails and showcases chef Ray Garcia’s considerable talent. It’s comfort food than manages to be both soothing and exciting at the same time.
If you’re looking for some one stop shopping when it comes to info about what to do/where to go in Downtown L.A., check out Fig at 7th – a great online resource for information about events, shows and more exciting restaurants.
I’ll be sharing more vibrant and exciting news about Downtown Los Angeles very soon, including The Agency’s upcoming Park Hyatt (OceanWide Towers) – which will be the other 5 star residential experience in Downtown Los Angeles. Stay tuned!