Jamison plans seven-story Ktown apartment building at Jun Won restaurant site

Goodbye, spicy steamed cod; Hello, 98 rental units

Sep.September 01, 2016 11:05 AM

Jamison has planned yet another resi project on its hometurf, The Real Deal has learned.

The Koreatown landlord-giant recently filed an environmental review for a seven-story mixed-use complex at the corner of West 8th Street and South Berendo Street, on the site of the shuttered seafood eatery Jun Won.

The project at 3100 West 8th Street calls for 3,575 square feet of commercial space on the ground floor and 98 apartment units. Nine of the units would be set aside for very low income households and the rest will be market rate, according to city documents.

The site is currently occupied by a 9,500-square-foot retail plaza, which the developer purchased for $6.75 million last September. The structure, zoned as a commercial building, would be demolished to make way for the residential complex.

Its tenants had all moved out as of last month, according to CoStar. Jun Won, the hole-in-the-wall establishment known for its spicy steamed cod, closed up shop at the end of April.

Jamison is certainly keeping busy these days. In July, the family-operated firm filed plans for a 36-story, 506-unit rental tower on the block bound by Wilshire Boulevard, Oxford Avenue, 7th Street and Serrano Avenue. And earlier this summer, TRD reported that it’s pursuing a 228-unit condo complex just down the road at 3980 Wilshire. Then of course there is its Circa megadevelopment in Downtown Los Angeles.

Koreatown, in the meantime, hardly needs the gochujang to stay hot for development. Nearly 1,700 units, or more than 3 percent of total inventory, are under construction as of late July, according to a CoStar report, and that figure doesn’t account for the hundreds in the proposal stages.

LaTerra Development is mulling either condos or up to 221 apartment units at 235 North Hoover Street, TRD reported Monday, and Hankook Property Management is planning a 228-unit condo complex at 1000 South Vermont Avenue.


Related Articles

Michael Sorochinsky, Steven Fifield, Mike Parrell, and Next on Sixth

Big deal: Sam Zell’s Equity Residential buys 398-unit Koreatown resi complex

Top to bottom: a rendering of the project and a photo of the site at 3170 West Olympic Boulevard (Credit: Google Maps)

Koreatown hotelier sells shovel-ready development site entitled for 252 units

Jamie Lee of Jamison and the property

Multifamily developer Jamison expanding in West LA with development site purchase

Jamison Services' Jamie Lee

Jamison signs post-production firm to long-term lease at Studio City office

From left: Comerica Bank CEO Curtis Farmer, Jamie Lee and 2842 West James Wood Boulevard (Credit: LinkedIn and Google Maps)

Jamison nabs construction loan on another big resi project

From left: Director of Realty Ryan Limb and Newport Partners founder Monique Hastings with the property (Credit: Google Maps)

This developer is going all in on LA affordable housing

Simon Kerendian's Koreatown development site

In Koreatown, residential project proposals keep piling up

Bastion Development Corporation Executive Vice President Reid Kaufmann and the Koreatown project

This Vancouver developer is bringing a 200-unit resi project to Koreatown