One Step Closer to the Opening of Metropolis

LOS ANGELES—Greenland USA has launched sales of its 40-story, 514-unit residential tower II at the $1 billion Metropolis mixed-use development in Downtown Los Angeles. The for-sale condo units will range in price from $500,000 to $2.2 million. This is the Chinese developer's first USA investment with delivery expected in 2018.

“Metropolis will play a critical role in bridging two of the largest districts in DTLA, the financial district and the sports, entertainment and convention district,” Tami Scully, VP of sales and marketing at Greenland USA, tells GlobeSt.com. “It will serve as the gateway to downtown with its prominent location at the southwest edge of the urban center. Metropolis is redefining what urban living can entail, through a mix of uses and amenities that really doesn't exist in any other project in the greater Los Angeles area.”

Tower II is one of three residential towers at the development and has a mix of studio, one- and two-bedroom apartment homes. The property will be fully amenitized, and all residents will have access to a four lane outdoor swimming pool and spa, an outdoor kitchen pavilion for events and two gyms. Residents of tower II and III will also have access to a 1.5-acre recreational area on the ninth floor called Met 9, with a dog park and playground for the kids. The property also includes a hotel—with the city's first Hotel Indigo flag—and retail on the ground floor.

Tower I is already 65% sold, and Scully expects similar success with the sales of Tower II. “We have seen tremendous interest in Metropolis as more and more people want to live in Downtown LA and experience a new level of luxury living,” Scully says. “We're optimistic that tower two will be well received as well. We have a very supportive broker community who has been driving much of the interest, as have referrals from current buyers, and we will be launching a new marketing campaign to keep the property top of mind among those looking to buy in downtown L.A.”

Metropolis is one of three $1 billion developments currently under construction in Downtown L.A. Oceanwide Plaza, from Chinese developer Oceanwide and Wilshire Grand from Korean Air are also making their ascent to change the L.A. skyline.