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

TRD 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
A rendering of the project (Credit: Yorkwood, LLC)

Developer plans 137-unit complex in Hollywood

Developer plans 137-unit complex in Hollywood
Prop 15 property tax measure draws millions (Credit: iStock)

Prop 15 property tax measure draws millions of dollars from for and against campaigns

Prop 15 property tax measure draws millions of dollars from for and against campaigns
California is allowing barbershops and salons to reopen under new coronavirus mitigation guidelines (Credit: Noam Galai/Getty Images)

California allows barbershops to reopen, but LA holds back

California allows barbershops to reopen, but LA holds back
LA County assessor Jeffrey Prang

LA County properties valued at nearly $2 trillion…before pandemic

LA County properties valued at nearly $2 trillion…before pandemic
Gaw Capital Chairman Goodwin Gaw and DJM founder John Miller with a rendering of the project

An analysis of rent rolls at Hollywood & Highland

An analysis of rent rolls at Hollywood & Highland
Bob Iger, Reed Hastings and (clockwise from top left) Sunset Las Palmas, Sunset Bronson and Sunset Gower Studios (Getty, Google Maps)

Here’s what Netflix, Disney and CBS pay at for their Hollywood digs

Here’s what Netflix, Disney and CBS pay at for their Hollywood digs
Bernard Huberman and Hollywood’s Television Center (BLT, Television Center)

BLT Enterprises buys Hollywood’s Television Center for $64M

BLT Enterprises buys Hollywood’s Television Center for $64M
Photo illustration of Hudson Pacific Properties CEO Victor Coleman and Blackstone Group President Jonathan Gray (Coleman by Rich Polk/Getty; Gray by Drew Angerer/Getty; Top Gun by Paramount Pictures/Sunset Boulevard/Corbis/Getty)

Inside Hudson Pacific and Blackstone’s field of streams

Inside Hudson Pacific and Blackstone’s field of streams
arrow_forward_ios

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

Loading...