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The Real Deal Los Angeles

City Planning offers first look at Koreatown condo project

The 89-unit glass building to rise amid building boom
January 25, 2018 11:00AM

Rendering of the 89-unit building

Another in a long line of Koreatown new construction projects is coming into view on South Oxford Avenue, as the city released a rendering of San Hoon Chung’s planned seven-story condominium.

The 89-unit building will rise on a now-vacant lot on the southwest corner of South Oxford and West 5th Street. The project has received Department of City Planning approval but also has gotten pushback from a group in the community, which is considering an appeal to the City Council.

Chung, who is based in Irvine, is operating under Fred & Jamison LLC., which is tied to company Sireus Copr. That company specializes in foreign stock. He bought the four lots for $8 million ion 2014. Chung tapped Ketter Designs of Van Nuys for the project’s design.

City Planning posted a rendering of the “Featured Project” on its Twitter account. The building will merge four vacant lots into one 35,600-square-foot lot. City documents describe plans for 75 two-bedroom units on floors 1 through 6, and 14 three-bedroom lofts on the building’s top floor, according to Urbanize. Each unit will have its own balcony.

There will be a two-level underground parking lot for 201 vehicles. Plans call for an 808-square-foot gym, a nearly 2,000-square-foot recreation room, an outdoor interior courtyard, and a 2,100-square-foot dog run. The courtyard will include a pool and Jacuzzi. [Urbanize] – Dennis Lynch