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

Los Angeles /
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

arrow_forward_ios
Jamison's Garrett Lee with 1041-1047 South Crenshaw Boulevard (Google Maps, LinkedIn)
Jamison files plans for another Koreatown project
Jamison files plans for another Koreatown project
Harbor Group International's Jordan Slone and Principal Financial Group's Daniel Joseph Houston with 3150 Wilshire Boulevard (Harbor Group International, LinkedIn, Google Maps)
Principal Financial sells Koreatown apartments at a loss
Principal Financial sells Koreatown apartments at a loss
Schon Tepler's Paul Schon and 749 Gramercy Drive (Redfin, Getty, courtesy of Paul Schon)
Schon Tepler and partner list Koreatown co-living development for $29M
Schon Tepler and partner list Koreatown co-living development for $29M
Mobbil's Behrouz Bozorgnia along with a rendering of the Arapahoe Apartments near the Pico-Union and Koreatown neighborhoods (Getty, Mobbil Inc.)
Engineering firm developer Mobbil goes green in Koreatown
Engineering firm developer Mobbil goes green in Koreatown
Jamison's Garrett Lee and rendering of 730 S. Western (Getty, Linkedin, City of Los Angeles)
Jamison plans another apartment complex in Koreatown
Jamison plans another apartment complex in Koreatown
Renee Kaswan, Jonathan Rose and Eddie Lorin with 167 South Normandie Avenue (KB Visions, Jonathan Rose Companies, LinkedIn, Google Maps, Getty)
Foreclosure looms for Koreatown affordable housing fiasco
Foreclosure looms for Koreatown affordable housing fiasco
Target's Brian Cornell and Grubb Properties' Clay Grubb with 1000 South Vermont Avenue (Target, Clay Grubb, Google Maps)
Target to open store at multifamily development in Koreatown
Target to open store at multifamily development in Koreatown
Jaime Lee (Photo-illustration by Paul Dilakian/The Real Deal)
Jaime Lee is not your father’s real estate executive
Jaime Lee is not your father’s real estate executive
arrow_forward_ios

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

Loading...