The Real Deal Los Angeles

Compton sports store owner plans another apartment project in Ktown

Stuart Whang has filed plans for four projects in as many months
By Cathaleen Chen | January 25, 2017 12:15PM

909 Fedora Street

Stuart Whang can’t stop, won’t stop.

The Compton sports store owner filed yet another set of plans for a development in Koreatown, this time for a 23-unit apartment complex on the site of a single-family house on Fedora Street, city planning documents show.

The project would require demolishing a 3,786-square-foot residence at 909 Fedora Street, which is already zoned for multiple dwelling residential use. Whang, under the entity, SWW Investment LLC, acquired the property for $1.1 million in 2015, property records show.

Of its 23 units, six would be reserved for low-income households.

Earlier this week, Whang, the owner of Colosseum Athletics in Compton, filed plans for a 46-unit apartment complex in MacArthur Park, The Real Deal reported. The Fedora Street project is his fourth such proposal in four months.

Developers such as Whang have been rushing to file plans ahead of the Neighborhood Integrity Initiative, which will appear on the March ballot as Measure S. In the third quarter of 2016, the most recent period for which data was available, 128 new projects plan were filed, comprising 15,736 residential or hotel units. That was up 78 percent over the number of projects from the same period in 2015, according to a December TRD analysis.