The development site and a rendering of Choi Bo Sung’s proposed 252-unit project (Credit: Google Maps) A Koreatown hotelier has sold an Olympic Boulevard assemblage the firm it recently entitled for a 252-unit mixed-use apartment building. Choi Bo Sung Inc. sold the properties — stretching along West Olympic Boulevard between South Serrano Avenue and Hobart […]
Korean American National Museum scraps housing plan for new Koreatown building
Council President Herb Wesson and a rendering of the KANM including its housing component Plans for a housing component beside the development of the Korean American National Museum in Koreatown have been scrapped. Citing high costs, museum officials pulled their proposal for the 103-unit housing addition to the proposed new building, according to Urbanize. The […]
Urban Commons plans mixed-use project amid Koreatown development boom
Urban Commons president Salvatore Takoushian and the site A real estate investment firm specializing in hospitality is turning to the streets of Koreatown for its next project. Urban Commons paid $19.6 million for a 1.4-acre development property at 1009-10047 Crenshaw Boulevard, on the corner of Olympic Boulevard, The Real Deal has learned. The deal closed […]
Koreatown tower developers look to fast-track project after success in Chinatown
Urban Offerings Development Director Marc Cucco, Forme Development President Damon Chan Koreatown developers seem to have an insatiable appetite for new apartment projects, and the faster those complexes get built the better. Now, Townline and Forme Development are looking to quickly move their high-rise rental project through environmental review. The Vancouver, Canada-based developers want the […]
Koreatown construction continues with plan for 251-unit resi complex
Charles Park and the Koreatown development site (Credit: Google Maps) Koreatown’s multifamily construction boom doesn’t seem to be slowing down any time soon. The latest is a proposal for a 251-unit apartment complex, which would include live-work units and a retail component. Karen and Charles Park control an LLC that owns the seven parcels comprising […]
Jamison moves in new direction with plans to build Koreatown hotel
Jamison Services CEO Jaime Lee and the Harvard Boulevard development site Jamison has been one of Koreatown’s most active office and multifamily landlords and developers, but its latest move points in a new direction. Jamison filed plans to develop a seven-story hotel at 679-687 S. Harvard Boulevard, property records show. The new development would rise […]