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The Real Deal Los Angeles

Neurologist plans 132-unit senior home in Ktown

Mitaa Group recently sold Foreman & Clark Building in DTLA
By Cathaleen Chen | May 25, 2017 10:30AM

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.