search

The Real Deal Logo

Trending

Another woman alleges Oren Alexander raped her in New YorkAnother woman alleges Oren Alexander raped her in New YorkWhat’s going on with Ryan Serhant’s Central Park Tower penthouse listing?What’s going on with Ryan Serhant’s Central Park Tower penthouse listing?Lennar, BH drop $18M on shuttered Aventura area golf course to develop homesLennar, BH drop $18M on shuttered Aventura area golf course to develop homesBrothel destroyed swanky UES restaurant: suitBrothel destroyed swanky UES restaurant: suit
Commercial
Los Angeles

Irvine developer plans condo complex in Ktown

The site at 500 S. Oxford Avenue
The site at 500 S. Oxford Avenue

An Irvine-based developer wants to build a 89-unit condo complex in Koreatown, according to city documents.

Sang Hoon Chung, under the entity Fred & Jamison LLC, filed plans for an 85-foot-tall condo structure at 500 S. Oxford Avenue, on the corner of Oxford Avenue and W. 5th Street. Chung’s entity does not appear to have any ties to Koreatown mega-developer Jamison Services, though that could not immediately be confirmed.
Chung acquired the 0.8-acre parcel for $8 million in 2014, property records show. His LLC is tied to Sireus Corp., a firm that specializes in foreign stock.

Sign Up for the undefined Newsletter

Ketter Designs was tapped to design the project, according to planning documents.

Koreatown was the third most popular submarket for multifamily projects in 2016, according to The Real Deal’s analysis of case filings in February. The neighborhood saw 48 projects proposed, the bulk of which were filed by Jamison Services.

Tags
Commercial Real EstateKoreatown
Recommended For You