Jamison plans 177-unit apartment complex in East Hollywood

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

Los Angeles /
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.


Related Articles

arrow_forward_ios
Western National Group CEO Michael Hayde and ASB Real Estate Investments CEO Robert Bellinger with the apartments (ASB, Western National)
ASB, Western National buy Inland Empire apartment complex for $227M
ASB, Western National buy Inland Empire apartment complex for $227M
Let’s make a deal: SF’s small landlords confront lost rent and vacancies
Let’s make a deal: SF’s small landlords confront lost rent and vacancies
Let’s make a deal: SF’s small landlords confront lost rent and vacancies
The lawsuit alleges that the property manager was a serial sexual harasser, frequently making unwelcome advances and surprise visits to female tenants’ homes and offering rent discounts in exchange for sex (DOJ, Getty)
Feds settle sexual harassment case with LA property manager, owner
Feds settle sexual harassment case with LA property manager, owner
The complexes at 310 and 315 South Virgil Avenue (Iconic Investments)
Xenon Investments buys 130 units in Koreatown for $41M
Xenon Investments buys 130 units in Koreatown for $41M
Trion Properties managing partners Max Sharkansky and Mitch Paskover (Trion Properties, iStock)
Trion Properties’ latest multifamily fund targets West, Southeast
Trion Properties’ latest multifamily fund targets West, Southeast
Jordan Slone of Harbor Group with the Olive Ridge complex (Harbor)
Harbor pays $47M for 220-unit complex in Pomona
Harbor pays $47M for 220-unit complex in Pomona
ShainRealty Capital managing partners Jonathan Shainberg and Elliot Shainberg (ShainRealty Capital)
ShainRealty Capital moves into Dallas with $46M purchase
ShainRealty Capital moves into Dallas with $46M purchase
Blackstone CEO Stephen Schwarzman (Getty, iStock)
Blackstone buys San Diego apartment complexes in $1B deal
Blackstone buys San Diego apartment complexes in $1B deal
arrow_forward_ios

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

Loading...