Jamison digs deeper into Koreatown

The 72-unit Maya residence adds to developer’s growing portfolio

TRD LOS ANGELES /
Mar.March 05, 2018 11:15 AM
Jamison’s Maya building at 535 South Kingsley Drive

Jamison Properties just crossed a milestone.

The Koreatown developer just completed its first ground-up construction project on its home turf. It is the first of four the company plans to complete this year in Los Angeles.

The 72-unit market rate project at 535 South Kingsley Drive, called the Maya, is seven stories and features one- and two-bedroom apartments between 580 and 1,265 square feet. The units include stainless steel appliances, balconies, and in-unit laundry. Amenities include a gym, pool, and a rooftop terrace.

In a news release, Jamison Properties CEO Garett Lee said he expects to hit full occupancy by year end, as “the inventory of multifamily product in Koreatown has not kept up with demand.”

For years the family firm focused on commercial properties, but broke into the multifamily game in 2013, when it converted a nine-story commercial property on Wilshire Boulevard into the 127-unit Westmore project.

Jamison hasn’t slowed down since, filing a flurry of applications for multifamily projects, mostly in or adjacent to Koreatown. The city approved its plans for a 16-story project near the Wilshire Professional Building a month ago.

Also scheduled for completion this year is Jamison’s biggest project yet — the $500 million Circa luxury condo development in Downtown, which includes 648 units across two 35-story towers and 48,000 square feet of retail and restaurants at its base.


Related Articles

arrow_forward_ios
Landlords are organizing a protest around the lack of mortgage relief government policies and the inability to hit tenants with eviction notices.

What do we want? Mortgage relief!: Landlords plan LA protest

What do we want? Mortgage relief!: Landlords plan LA protest
Mike Bannon, California Apartment Association, executive director

Mom-and-pop resi landlords are already struggling

Mom-and-pop resi landlords are already struggling
An illustration of David Lee

A boomtown for a bygone era: Koreatown developers face a reckoning

A boomtown for a bygone era: Koreatown developers face a reckoning
Tani Cantil-Sakauye (Credit: Earl Gibson III/Getty Images)

Landlords sue California over eviction ban

Landlords sue California over eviction ban
Eric Garcetti, Nury Martinez, and Daniel Yukelson (Credit: Marc Flores and Alberto E. Rodriguez via Getty Imahes, Linkedin, and iStock)

LA landlords sue city over residential eviction ban

LA landlords sue city over residential eviction ban
Daniel Yukelson of Apartment Association of Greater L.A. and L.A. City hall (Credit: iStock)

For CA landlords, abysmal is the new normal

For CA landlords, abysmal is the new normal
Daniel Yukelson of Apartment Association of Greater L.A. (Credit: iStock)

Landlords fuming over sexual harassment “reports”

Landlords fuming over sexual harassment “reports”
Kevin Conway, director of acquisitions at IDEAL Capital Group in Clovis (Credit: iStock)

Don’t sound the alarm! CA May rent checks not in freefall

Don’t sound the alarm! CA May rent checks not in freefall
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...