About a year after award-winning fashion designer Alexander Wang staged a show in Los Angeles’ Chinatown, the New York designer is taking steps to invest more time and money in the city.
A trust connected to Wang bought a unit at Four Seasons Private Residences in Los Angeles, an ultra-luxury hotel-branded apartment building at 9000 W. 3rd Street, for $19.4 million, according to property records. A Redfin profile of the unit says it’s 2,500 square feet, a deal that could shrink to less than $8,000 a square foot.
The seller is the property’s developer, Genton Property Group.
About 70 percent of the units in the building had sold as of March, said Billy Rose of The Agency, the listing agent for The Four Seasons Private Residences. Rose, however, declined to comment on the Wang deal. Likewise, Wang’s request for comment went unanswered.
Wang’s purchase could become the most expensive condo in the Los Angeles area this year in 2023. That honor so far belongs to a $17.5 million condo at 8899 Beverly Towers in West Hollywood. Transactions for the apartment were recorded in January. It also bought a $14.5 million condo at Pendry Residences West Hollywood in March.
At the current pace, condo purchases may not exceed the most expensive condo sale in 2022, a $21.50 penthouse at the Pendry Residences in West Hollywood. The buyer is unknown.
Although Wang’s purchase price is not low, it is far from the highest price of Four Seasons Private Residences. One LA, the building’s 13,000-square-foot penthouse, is on the market for $75 million. In March, the asking price was lowered to $50 million.
