A model unit at the Ritz-Carlton Residences shows off the downtown views… (AEG )
Wealth manager and restaurateur Kerry Moy is joining the live-in-downtown crowd at the Ritz-Carlton Residences.
He has purchased a one-bedroom, two-bathroom unit with a den/study. The sales price is not yet available on the public record, but similar homes are listed in the $1-million range.
The 1,303-square-foot condo takes in views of the swimming pool, the downtown skyline and L.A. Live. Moy, who owns and invests in restaurants as a sideline to his day job at Merrill Lynch, customized the place by opening up the office area to capture the views and moving walls so his dinner guests also can enjoy the vista.
Moy said the unit is fast becoming his primary residence as the opening nears for his latest venture, Leka, a steakhouse and tapas eatery at 6th and Flower streets.
"I never would have thought of moving downtown until I saw the growth that is forecasted," he said. "The potential here is just huge."
His 11 Southern California restaurants include two others downtown — Wokano and the Green Hut Cafe — and two more are planned.
The Agency of Beverly Hills had the listing. Kevin Dee of Charles Dunn Co. in Los Angeles represented Moy.