Koreatown developer seeks green light for 228-unit mixed use project

The Koreatown project would include a supermarket and ground floor retail space

Los Angeles /
Oct.October 11, 2018 10:00 AM
Hankook Property Management’s Kee Whan Ha and 1000 S. Vermont Avennue

A full-block redevelopment plan in Koreatown is seeking city approval this week.

Hankook Property Management wants to build a 228-unit apartment building with 53,500 square feet of commercial uses at 1000 South Vermont Avenue, at the intersection of W. Olympic Boulevard, according to documents found by Urbanize.

The seven story building, which would have 565 parking spaces, has been in the works since 2016.

The Hannam Place development would include a mix of studio, one-, and two-bedroom units, with 30,800 square feet of commercial space designated for a supermarket.

The market will presumably be another outpost for Hannam. Kee Whan Ha, the owner of Hankook and a food chain, is a well-known businessman in the Koreatown community who helped organize neighbors to defend the community during the 1992 Los Angeles riots.

Hannam Place would replace a gas station, 32 apartment units, and about 9,000 square feet of commercial space. Hankook bought the 38,200-square-foot parcel in 2011 for $5.6 million.

Koreatown is experiencing a boom in redevelopment projects, large and small. Local mainstay Jamison Services has steadily filed new residential projects in the neighborhood over the last few years. Most recently the developer filed for a 226-unit project on St. Andrews Place and revised its plans for a mixed-use development on S. Western Avenue. [Urbanize] – Dennis Lynch 


Related Articles

arrow_forward_ios
Councilman John Lee and 10243 N. Topanga Canyon Boulevard (Facebook/CouncilmemberJohnLee, Google Maps)
Housing project for homeless vets gets pushback
Housing project for homeless vets gets pushback
Continuum Partners CEO Mark Falcone and the development site (Continuum, iStock, Google Maps)
Continuum Partners plans $2B megaproject to transform Arts District
Continuum Partners plans $2B megaproject to transform Arts District
Rendering of the project (Forme)
41-story Koreatown tower project clears key city hurdle
41-story Koreatown tower project clears key city hurdle
Los Angeles Planning Commission approves Hollywood zoning changes. (iStock)
Planning Commission OK’s changes to Hollywood zoning, land use
Planning Commission OK’s changes to Hollywood zoning, land use
The rail project had its genesis in the late 1990s but has faced numerous delays. (iStock, Getty)
Land purchases could delay high-speed rail 2 years: contractor
Land purchases could delay high-speed rail 2 years: contractor
Palari Group CEO Basil Starr and Mighty Buildings CEO Slava Solonitsyn with renderings of the project (Palari)
Developers tout 3D-printed houses in Coachella Valley as “zero net energy”
Developers tout 3D-printed houses in Coachella Valley as “zero net energy”
Rendering of Figueroa Centre (right) with an aerial view of the vacant site at 911-927 South Figueroa Street (Google Maps, CallisonRTKL/Illustration by Kevin Rebong for The Real Deal)
A Genting scion’s plans for a DTLA supertall were quietly shelved. What happened?
A Genting scion’s plans for a DTLA supertall were quietly shelved. What happened?
Related Fund Mangement’s Managing Principal Justin E. Metz and a rendering of Cross Creek Ranch. (Jay Luchs, Related)
Malibu’s largest commercial project nabs $130M construction loan
Malibu’s largest commercial project nabs $130M construction loan
arrow_forward_ios

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

Loading...