Newest L.A. Luxury Properties Struggle in Lethargic Market

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From private elevator vestibules and personal wine cellars to a fitness center designed by Equinox, a spate of recently built condominium buildings in Los Angeles have some of the most luxurious amenities ever.

On Westwood’s Wilshire Corridor, “nanny condos” are available at the recently opened Carlyle, allowing owners’ staff to be housed on a separate floor — the better to attend to their employers’ wishes and whims. In Hollywood, the modern units at the W Hollywood Residences come with VIP access to Drai’s nightclub, and buyers at Beverly Hills’ Montage Residences can get room service 24/7 from an adjacent five-star hotel.

But those special features can’t save these new projects from the realities of a cratered market.

&#8226 CLICK HERE to read the Hollywood Reporter story.

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