Irvine developer plans condo complex in Ktown

Sang Hoon Chung wants to build a 89-unit structure

TRD LOS ANGELES /
Jun.June 20, 2017 03:30 PM
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.

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.


Related Articles

arrow_forward_ios
From left, clockwise: Daydream Apartments’ Griffin and Grace on Spring, Douglas Emmett’s The Glendon at Westwood and Carlyle Group’s Sofia Los Angeles

Here are LA’s 5 biggest multifamily sales of 2019

From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

3339 Exposition Blvd. and Asher Luzzatto

Luzzatto Co. assembling creative office hub in West Adams

Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

A rendering of the project and Douglas Bystry, President and CEO of Clearinghouse

Koreatown resi complex marks firm’s entry into Opportunity Zones

From left: Nuveen CEO Vijay Advani, Graymark founder/CEO Brian Hecktman

Graymark, Nuveen pay $97M for El Segundo creative office

L.A. City Attorney Mike Feuer and a rendering of the Koreatown project (Credit: Getty Images)

LA sues Koreatown developer Michael Hakim

arrow_forward_ios
Loading...