Jamison files plans for mixed-use complex in Koreatown

Los Angeles /
Nov.November 09, 2020 12:00 PM
Jamie Lee and the development site (Credit: Google Maps)
Jamie Lee and the development site (Credit: Google Maps)

Jamison Services has been in development mode in recent months, and is now looking to build a 150-unit apartment complex with ground-floor retail on the Koreatown border.

A limited partnership connected to the firm — 3751 Wesix QOZ — filed plans for the project with the City Planning Department. Plans call for about 12,900 square feet of ground floor commercial space along with the residential units.

Jamison bought the development site — three parcels at the corner of West Sixth Street and Harvard Boulevard — in June for $12.5 million, records show. The three parcels include an apartment building, parking lot and a U.S. Post Office-occupied building.

The family-run firm is pursuing entitlements through Los Angeles’ Transit Oriented Communities program, which among other things allows developers to boost unit counts and density.

The site is also in a federal Opportunity Zone, which provides long-term investors and developers tax-deferred financing.

The development filing’s limited partnership name suggests Jamison could pursue the Opportunity Zones path. Jamison did not immediately return a request for comment.

Koreatown and the immediate area is one of Jamison’s core markets. The company has a hotel project in the works one block away on South Harvard Boulevard. It is also pursuing a 262-unit residential development about a mile and a half east on Wilshire Boulevard.


Related Articles

arrow_forward_ios
Federal Reserve officials expect back rent across California will total nearly $1.7 billion

California renters will owe $1.7B in back rent by year end: report

California renters will owe $1.7B in back rent by year end: report
Forme Development President Damon Chan and rendering of 550 Shatto Place (Forme, Gensler via Urbanize)

Going up: Koreatown tower project developers boost plans

Going up: Koreatown tower project developers boost plans
Herb Wesson (top) and Curren Price with a rendering of 3800 W 6th Street (Linkedin, Twitter, Large Arch)

LA officials backtrack on aid for Koreatown hotel project

LA officials backtrack on aid for Koreatown hotel project
Fareed Kanani and Sean Hashem, with a rendering of the project (Credit: HED via Urbanize, and Greenbridge)

Greenbridge Investment plans 169-unit tower in Koreatown

Greenbridge Investment plans 169-unit tower in Koreatown
944-952 S. Dewey Avenue (Credit: Google Maps)

Anaheim developer plans 51 units for Koreatown

Anaheim developer plans 51 units for Koreatown
City Attorney Mike Feuer, and Dan Yukelson

SoCal landlords file court injunction to end LA’s eviction ban

SoCal landlords file court injunction to end LA’s eviction ban
AvalonBay Communities CEO Timothy J. Naughton, TA Realty Managing Partner James O. Buckingham, and Avalon Venice

TA Realty pays $65M for luxury Venice apartment complex

TA Realty pays $65M for luxury Venice apartment complex
Ken Kahan and  Ari Kahan of California Landmark Group and the site (Credit: Glenn Koenig/Los Angeles Times via Getty Images, and Google Maps)

California Landmark moves on 112-unit development outside Culver City

California Landmark moves on 112-unit development outside Culver City
arrow_forward_ios

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

Loading...