The Ritz Carlton is ready for business as shown by the newly-mounted Ritz-Carlton sign at the top of the tower. On second thought, while the Ritz-Carlton building is set to open next year, it has been ready for a long time having been 65% sold out. That is indeed good news considering the state of real estate nationwide.

A lot of condominium developments are being sold at bargain prices to allow developers to get even a percentage of their costs and to pay for their loans. However, the Ritz-Carlton Residences did not do that. As confirmed by Sales and Marketing Director Laurie Miskuski, the development did not give any incentive, concession or dropped it prices to achieve that feat.

Miskuski said they believe in the tremendous value of their property and the potential of LA Live as well so they did not reduce their prices and does not have plans of reducing prices in the future. One of its PH units recently got sold for $9 million and the development is continuing to sell residences with the project going ahead of schedule.

Units in the Ritz-Carlton Residences are priced from $4 million to more than $9 million.