When Trumark Urban officially unveiled luxury condo tower Ten50 in Downtown Los Angeles last month, they wowed potential buyers with a bevy of amenities. Clearly those buyers were paying attention, and paying security deposits, because the Los Angeles Downtown News is reporting that units are already 60 percent sold.
The 24-story, 151-unit building ranges from the low $600,000s for one-bedrooms and goes up to $4,000,000 for the penthouse units. Living here also gives you access to a resort-style pool, fitness studio, yoga deck, screening room, and private dining room. The standout feature, however, has to be the drone-ready landing pad where you can receive deliveries without ever leaving the building.
Trumark Urban managing director Arden Hearing told LADN that they expect every unit to be sold by the end of 2017.
A large part of the reason for the building’s quick success has to be the fact that it’s the rare condo complex in a region full of apartments. That’s not going to change too much in the near future either: Of the 7,645 new residential units proposed for DTLA in 2016’s fourth quarter, just 1,200 were condos.
The luxury lifestyle, amenities, and location in Downtown L.A. certainly seal the deal, but just by existing these condos are already ahead of the market.