Jamie Lee of Jamison and the property Prolific multifamily developer Jamison is expanding its reach in West Los Angeles. The firm, which has been on a multi-year construction and buying binge in and around Koreatown, purchased a development site for $16 million, and intends to build a 100-unit development. The property is located at 11600 […]
Here are the latest under 50-unit resi projects proposed in LA
From top left, clockwise: 12757 W. Mitchell Avenue, 11155 W. Huston Street, and 181 S. Virgil Avenue (Credit: Google Maps) Developers continue to mine the city’s Transit Oriented Communities incentives and are beginning to seize on the federal Opportunity Zone program for residential projects of under 50 units. In the latest round, the largest of […]
Atlas Capital can build 725-unit Chinatown complex as fully market-rate
Council member Gil Cedillo and a College Station affordable housing rendering Atlas Capital can build its 725-unit residential complex in Chinatown as fully market-rate over the objections of some community residents who argued for more affordable housing. The City Council unanimously approved the market-rate construction for College Station development, according to Curbed. The decision comes […]
East Hollywood development site is listed as “shovel-ready.” There’s one problem
A rendering of 5430 Virginia Avenue (Credit: Vanguard Investments) “Shovel-ready,” as the term would imply, means construction can begin. A 15,000-square-foot lot in East Hollywood is being listed as shovel-ready, even though the owner applied for a variance from the city this week that would allow for a 65-unit building. Mehdi Mossazadeh owns the lot […]