Korean Air is bringing a Korean barbecue tenant to Wilshire Grand: sources

Sources at ICSC said head of Hanjin Group will create restaurant concept

TRD LOS ANGELES /
May.May 23, 2016 04:37 PM

UPDATED, 2:46 a.m., May 24: Korean Air’s $1.2 billion development in Downtown Los Angeles will, rather appropriately, include a Korean barbecue joint, The Real Deal has learned.

The decision to seek out a Korean barbecue tenant for the 73-story Wilshire Grand development was made at a corporate level, involving both the development company Korean Air and its parent company, Hanjin Group, according to a spokesperson for the project.

The roughly 10,000-square-foot restaurant space in the plaza of the building will be one of three in the Wilshire Grand development, said sources at the International Council of Shopping Center’ annual Las Vegas convention on Monday. The second restaurant, La Boucherie, will be part of the 900-room Intercontinental hotel at the top of the development. The third food tenant is not yet known.

When completed, the Wilshire Grand will be 1,100-feet tall and will include the hotel, more than 365,100 square feet of office space, 45,100 square feet of a retail space, outdoor areas and a sky lobby with views of the city. There will also be an infinity pool.

Cushman & Wakefield is leasing the building.

“This building will be incredible,” John Cushman III, chairman of global transactions at Cushman & Wakefield, told The Real Deal earlier this year. “From the last (big office tower Downtown) that was built to this building, when it is completed, it will have been 24 years. So technology on everything has changed: structural, mechanical.”

The Wilshire Grand development, which is slated to open in early 2017, will be the tallest building west of the Mississippi River.

Correction: This story has been updated from an earlier version to reflect the fact that Korean Air and Hanjin wanted to bring in a Korean barbecue tenant. It had previously cited the Chairman, Cho Yang-ho, himself. 


Related Articles

arrow_forward_ios
From left: Council President Nury Martinez, Councilmember Jose Huizar, and Mayor Eric Garcetti (Credit: Jerod Harris/Getty Images, and Twitter)

“Greed, corruption, and deception”: City’s top pols want Huizar out

“Greed, corruption, and deception”: City’s top pols want Huizar out
Onni Group’s Rossano DeCotiis and a rendering of the project

Onni Group must redesign Times Mirror Square project, but the clock is ticking

Onni Group must redesign Times Mirror Square project, but the clock is ticking
Smoke Tokes was one business that burned over the weekend (Credit: APU GOMES/AFP via Getty Images)

Federal investigators probe large fire at cannabis products warehouse

Federal investigators probe large fire at cannabis products warehouse
City National Plaza, CommonWealth CEO Brett Munger Calpers CEO Marcie Frost

CalPERS venture snags $550M refi on City National Plaza tower

CalPERS venture snags $550M refi on City National Plaza tower
AEG CEO Dan Beckerman (Credit: Shaun Clark/Getty Images)

AEG plans 160-key hotel next to its DTLA headquarters

AEG plans 160-key hotel next to its DTLA headquarters
LA City Hall

DTLA resi project at center of bribery probe: report

DTLA resi project at center of bribery probe: report
Crown Group’s head of U.S. development, Patrick Caruso and a new rendering of the project (Credit: Koichi Takada Architects/LA Times)

Crown Group makes dramatic changes to $500M DTLA project

Crown Group makes dramatic changes to $500M DTLA project
Skid Row Housing Trust CEO Lee Raagas and a rendering of the project (Credit: Michael Maltzan Architecture via Urbanize)

Skid Row Housing Trust, Michael Maltzan Architecture plan mass-timber housing tower

Skid Row Housing Trust, Michael Maltzan Architecture plan mass-timber housing tower
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...