Neurologist plans 132-unit senior home in Ktown

Mitaa Group recently sold Foreman & Clark Building in DTLA

TRD LOS ANGELES /
May.May 25, 2017 10:30 AM
The Shriner Hospital at 3160 Geneva Street

Dr. Kyung Cho, a neurologist and prolific real estate investor, is planning a 132-unit elderly care facility on the edge of Koreatown, planning documents show.

The project calls for an assisted living complex with a medical and research clinic. Currently, the 3160 Geneva Street site is home to the Shriners Hospital for Children, which spans 94,000 square feet.

Cho, through his firm Mitaa Group, owns a handful of commercial properties throughout L.A. Last year, he sold the famous Foreman & Clark Building in Downtown L.A. for $52 million to Bonnis Properties, a Canadian investment firm.

The commercial landlord giant is planning more than a handful of multifamily projects, mostly in the Ktown area.

Cho could not be immediately reached for comment.


Related Article

arrow_forward_ios
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

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

From left: Saeed Nourmand, Michael Nourmand, Grant King and Richard Heyman

Relevant Group sues Nourmand & Associates’ founder, alleging extortion over hotel projects

Rendering by Andmore Partners

Going up: Koreatown developer wants to add resi units, with city incentives

arrow_forward_ios