Jamison ready to break ground on 224-unit Hollywood development

The project is good news for the company, which has been dogged by recent controversy

Los Angeles /
Apr.April 06, 2018 08:07 AM
Jamison Services’ Jamie Lee and the site of 1718 Las Palmas

Jamison Services is set to start building a 224-unit apartment complex in Hollywood, a significant project that has been overshadowed by recent controversy that has surrounded the company and its founder.

The family firm has cleared a parking lot at the one-acre site, which spans mid-block from Las Palmas to Cherokee avenues, between Hollywood Boulevard and Yucca Street, according to Urbanize, which first reported on the development.

It’s one of a handful of projects the prolific Koreatown-based multifamily developer has in the works around the city and one of two properties it owns in Hollywood, according to Real Capital Analytics. The family firm has a $5 billion portfolio of over 100 assets mostly concentrated in Koreatown, where it’s undertaken a number of adaptive re-use projects and new development projects.

It’s welcome progress for Jamison. The city handed the firm a major defeat a few weeks ago when it blocked its 500-unit mixed-use tower project at 3700 WIlshire Boulevard in Koreatown. That followed an incident involving Jamison founder, David Lee, who threatened to shoot protesters who step foot on a park he wants to demolish for the project.

The latest project is not so controversial. It is a six-story apartment building, which will have studio through two-bedroom units and 1,000 square feet of ground-floor retail space. Jamison utilized a density bonus and will set aside 24 units for “very-low-income” tenants. It will also have 305 parking spaces through four levels of underground parking.

Jamison purchased the site in 2016 from Champion Real Estate Company and appears to be following through with a design Belzberg Architects designed for Champion. [Urbanize] — Dennis Lynch 


Related Articles

arrow_forward_ios
Drawbridge Realty's Mark Whiting and Pacific Center office park at 1600-1610 Saint Andrew Place (Loopnet, Drawbridge Realty, Getty)
Collectibles outfit backed Mets’ owner Cohen, Nets’ star Durant adds 102K sf at Santa Ana campus
Collectibles outfit backed Mets’ owner Cohen, Nets’ star Durant adds 102K sf at Santa Ana campus
From left: Greenbridge Investment Partners' Sean Hashem and Fareed Kanani with  525 E. Colorado Blvd (Getty, Loopnet, Greenbridge)
Burrito chain leases at historic newspaper building in Pasadena
Burrito chain leases at historic newspaper building in Pasadena
Stream Realty Partners' Mike McVean, QuadReal's Dennis Lopez, and Stream Realty Partners' Lee Belland with 1800 Tapo Canyon Rd
First tenant signed at Simi Valley industrial park
First tenant signed at Simi Valley industrial park
Mayfair hotel at 1256 West 7th Street (TripAdvisor, Getty)
ICO wants $70M for shuttered Mayfair hotel in DTLA
ICO wants $70M for shuttered Mayfair hotel in DTLA
A photo illustration of A.J. Khair principal Demetri Samaha along with renderings of 1919 North Wilcox Avenue (A.J. Khair, GA Engineering, Inc., Getty Images)
A.J. Khair to add 65 apartments to Hollywood inventory
A.J. Khair to add 65 apartments to Hollywood inventory
444 South Flower Street in L.A. with Oaktree's Howard Marks and Coretrust Capital Partners' John Sischo (LinkedIn, OakTree, Google Maps)
Foreclosure looms for 444 South Flower in Downtown LA
Foreclosure looms for 444 South Flower in Downtown LA
Mike Sullivan and rendering for 6000 W. Hollywood Blvd (The Sullivan Family, Getty Images)
Toyota of Hollywood could turn into a retail village
Toyota of Hollywood could turn into a retail village
LVMH's Bernard Arnault, Beverly Hills mayor Lili Bosse and rendering of Cheval Blanc (Lili Bosse, LVHM, Peter Marino Architect, Getty)
Beverly Hills City Council approves Rodeo Drive hotel
Beverly Hills City Council approves Rodeo Drive hotel
arrow_forward_ios

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

Loading...