LA luxury apartment tower testing market with sky-high rents
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WITH its 40 storeys and monthly rents of as much as US$25,000, a new Los Angeles apartment tower is reaching Manhattan's heights. And its amenities may make New Yorkers jealous: a chauffeur-driven Rolls-Royce, in-house Botox and your latte brewed to order before you even ask for it.
In a city known for sprawling mansions, the 283-unit Ten Thousand, scheduled to open in January on the border of Century City and Beverly Hills, is testing the market for high-end living with high-rise views. It follows the success of the nearby 8500 Burton Way, which opened almost four years ago as one of the city's first ultra-luxury rental buildings and is now fully leased with rents of US$12,000 to US$40,000 a month.
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