Across the street from Metro's Vermont/Beverly Station in Koreatown, vertical construction is underway for a the latest mixed-use project from co-developers Hankey Group and Jamison Services, Inc.
Located on the former site of a car dealership at 200 N. Vermont Avenue, the project will eventually consist of a six-story structure featuring 490 studio, one-, and two-bedroom apartments above 35,000 square feet of ground-floor retail space and a two-level semi-subterranean parking garage.
Hankey and Jamison Services entitled the project using Transit Oriented Communities incentives to secure approvals for a larger structure than otherwise allowed by zoning rules. In exchange 49 of the apartments are to be reserved as extremely low-income affordable housing for a period of 55 years.
MVE + Partners is designing the contemporary podium-type building, which will incorporate multiple landscaped decks and courtyards, as well as amenities such as a swimming pool, a half basketball court, a game room, a screening room, and co-working space.
The apartment complex is the third large project built as a joint venture between Hankey and Jamison Services, following the Circa apartment towers in Downtown Los Angeles, and the 25-story Kurve development at 2900 Wilshire Boulevard.
The 200 Vermont complex he latest in a series of large multifamily projects near Metro's Vermont/Beverly Station, including Flexible PSH Solutions' Enlightenment Plaza complex.
Outside of 200 Vermont, Hankey is developing a 432-unit apartment complex on Lankershi Boulevard in Sun Valley, while Jamison Services recently broke ground on a pair of residential towers next to Wilshire/Normandie Station.
- 200 N Vermont Avenue (Urbanize LA)