A 1950s office building in Koreatown is set to become the tenth adaptive reuse project from local developer Jamison Services.

Yesterday, Jamison and Arc Capital Partners announced the conversion of the 13-story, 233,000-square-foot structure at 3325 Wilshire Boulevard into 236 studio, one-, and two-bedroom apartments atop 15,000 square feet of ground-floor retail space. Plans also call for retaining parking for 450 vehicles.

Corbel Architects is designing the project, with Donaldson + Partners (formerly ShubinDonaldson) serving as interior designer. The building will also be transformed to include amenities such as a gym, co-working space, a screening room, a golf simulator, and an outdoor deck.

3325 Wilshire BoulevardGoogle Maps

Funding for the project includes $60 million in taxable multifamily housing revenue bonds.

“This will be our tenth adaptive-reuse project and in combination with our ground-up development program, we have been able to deliver more than 6,600 residences to date with an additional 2,000 under construction today, all in the City of LA,”  said Jamison Properties president Garrett Lee in a statement.

Though it may have the same ubiquitous presences in Koreatown as Jamison, Arc Capital Partners is no stranger to the neighborhood. The company owns historic Chapman Plaza.

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