Construction began earlier this month for a $32-million condominium complex in Koreatown, announced general contractor Inland Development.
The project, which is replacing a vacant lot at the corner of 5th Street and Oxford Avenue, will consist of a seven-story building featuring 89 residential units above a two-level, 201-car basement parking garage.
The contemporary mid-rise structure is designed around an open-air atrium, and will feature a third-floor pool deck and other amenities at the ground level.
Construction is expected to conclude in late 2020; presales of the condominiums would begin prior to completion.
The project is being developed by the Irvine-based entity Fred & Jamison, LLC, an affiliate of a Korean real estate firm.
- Seven-Story, 89-Unit Development Coming to 5th & Oxford (Urbanize LA)