Home of the Week: New High-Rise Offers NY Living in LA | Pound Ridge Real Estate
1 W Century Dr, Los Angeles, CA For sale: $15.5 million A penthouse sitting atop a 42-story building in New York is one of many, a dime a dozen in a city where homes don’t often come with garages or backyards. A penthouses in a Los Angeles high-rise, however, is a rarity — but a trend that developers are banking on for the City of Angels. Once upon a time, Los Angeles was a city with loads of land. The wealthy could move in and buy swathes of real estate, creating estates on an acre or more. Today Los Angeles is enormous, with a population more than 3.8 million, and growing. Traffic while always bad, is increasingly so, and the idea of a private, gated villa on a hill is no longer attractive. Enter a new market for New York-style residences, starting with The Century, a brand new, 42-story luxury building. “Certainly the market has changed,” explained Mary Ann Osborn, vice president of sales at The Related Companies, which developed New Yo...
