UPDATED MAY 26 at 3:00 p.m.:
About a year after award-winning fashion designer Alexander Wang produced a runway show in Los Angeles’ Chinatown, the New York-based designer is making moves to spend more time — and money — in the city.
A trust connected to Wang paid $4.7 million for a unit at the ultra-luxe hotel-branded condo building, Four Seasons Private Residences Los Angeles, located at 9000 W. 3rd Street, according to property records. A Redfin profile of the unit said it was 2,500 square feet, so the deal may pencils out to $1,880 per square foot.
The seller is the property’s developer, Genton Property Group.
About 70 percent of the building’s units were sold as of March, according to Billy Rose of The Agency, who serves as a listing agent for The Four Seasons Private Residences. Rose, however, declined to comment on Wang’s deal. Likewise, a request for comment from Wang was not returned.
The penthouse is The Four Seasons Private Residences’s priciest unit. One L.A., the building’s 13,000-square-foot penthouse, originally hit the market at $75 million. In March, the ask was cut to $50 million.
Correction: Previous story had an incorrect price.
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