Those promoting Promenade Towers as a place to live have a message for the business community in downtown Los Angeles: rent an apartment there and save money on hotel bills.
An apartment in the twin-towered, 510-unit high-rise is being touted as good economics for companies who always have employees arriving from out of town. The apartments, located at 123 S. Figueroa St., are within walking distance or short bus ride of all downtown Los Angeles.
It's also an ideal corporate perquisite, promoters say, for the chief executive who works downtown during the week and lives in Santa Barbara on the weekend.
Though apartments there aren't cheap ($600 to $1,350 a month without frills) it sure beats spending a minimum of $59 a night for a room downtown, project promoters say. The complex already has a health club, swimming pool, bank and dentist's office, with a restaurant, grocery story and barber shop to follow.