Condo spree: Jamison plans another project near Koreatown with 228 units

Los Angeles /
May.May 12, 2016 05:14 PM

Developer Jamison Services, long known as one of L.A.’s biggest office landlords, has been on a residential spree that’s not slowing down anytime soon

Jamison recently filed plans with the city for a 228-unit condo project at  3975-3987 West Ingraham Street just west of Koreatown in Park Mile, The Real Deal has learned.

The proposed project is the ground-up construction of a seven-story,105-foot condo tower. The 205,109-square-foot development would also have 16,955 square feet of commercial space and 340 parking spaces. To make way for the structure, Jamison would demolish a two-story, 4,732-square-foot commercial building and a one-story, 4,668-square-foot commercial building. It would also take over a surface parking lot on the site, which extends to Wilshire Boulevard.

One of the buildings that would be demolished appears to be a Korean barbeque restaurant, but The Real Deal was not able to verify those details. The site is owned by an LLC dubbed Wilshire & Wilton.

Garrett Lee, the son of Jamison’s founder Dr. Lee,  who is in charge of the entitlement process, could not be reached for comment.

The proposed development is one of many residential projects Jamison has in the works. The firm recently acquired, with partner Hankey Investments, a 31-story high-rise apartment tower at 2908 Wilshire Boulevard. Weeks later, it acquired an office property zoned for almost 250 residential units at 2601 Wilshire Boulevard. 

As of January, Jamison had 27 projects in the works, the most massive of which is outside of the Koreatown area. Jamison is partnered with Hankey on the $500 million Circa development under construction at 1200 South Figueroa Street in Downtown Los Angeles. 

“People are working against the clock right now,” Jaime Lee, CEO of Jamison’s commercial leasing and asset management arm, told the Wall Street Journal in an interview. “We’re coming to market as quickly as we can.”


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