Jamison plans 177-unit apartment complex in East Hollywood

The firm signed a 99-year ground lease for the property in August

Jan.January 17, 2019 12:00 PM
Jamie Lee and 4632 West Santa Monica Boulevard (Credit: Google Maps)

Jamison has filed plans to build yet another multifamily project. Only this time, it’s not in Koreatown.

Capitalizing on a boom in the area, Jamison has requested approvals to build a new seven-story project with 177 units in East Hollywood, according to documents published with the city.

The project would rise at 4632 West Santa Monica Boulevard, currently home to a flea market named Union Swapmeet that offers food, beauty services and other retail.

Last August, Jamison signed a 99-year ground lease at the property for $3.8 million, property records show. An entity called Union Discounts Ltd. is the owner.

The proposed mixed-use tower would also include 5,500 square feet of retail, according to the filing.

A spokesperson for Jamison declined to comment.

For the past few years, developers have become more interested in East Hollywood, a largely undeveloped area that sits between Hollywood and Silver Lake. In November, prolific developer Carmel Partners paid $13.3 million for three lots in the area that are zoned for more than 150 units. Another firm — Little Tokyo Service Center — also recently filed plans to build a mixed-use project with up to 200 units of affordable housing.

Jamison is more active in Koreatown, where the family-run firms owns a multitude of properties. The company recently filed plans to build a new structure with 157 units and 12,000 square feet of commercial space on Serrano Avenue, located just south of the Wilshire Boulevard corridor.

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