Completing developer AEG’s original vision to revitalize Downtown Los Angeles with the world-class sports and entertainment district, The Ritz-Carlton Residences at L.A. LIVE today closed its first escrow and officially opened its doors to homeowners.

Despite challenging times for the real estate industry and a tougher economic climate, The Ritz-Carlton Residences at L.A. LIVE has experienced tremendous sales success, with more than 60 percent of its 224 residences in escrow. And with AEG’s plans to further enhance the L.A. LIVE campus by building an NFL stadium, The Residences are well-poised to continue this trend.

“Our buyers believe in this one-of-a-kind project and are committed to the exciting future of Downtown Los Angeles,” said Laurie Miskuski, director of sales and marketing, AEG. “With The Residences’ world-class offerings and talk of future additions to the surrounding campus, there’s a tremendous energy at L.A. LIVE, and our homeowners feel that this is the right place to be.”

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Tags: luxury real estate, multi-use development, Ritz-Carlton Residences