In a familiar tale, Jamison Services, Inc. is preparing to transform yet another Wilshire Boulevard landmark from offices to housing.

DFH Architects announced recently via social media that work is commencing for the adaptive reuse of the former Los Angeles area headquarters of IBM at 3424 Wilshire Boulevard. The 13-story, approximately 250,000-square-foot building was completed in 1958, and is set to be converted into 260 apartments while retaining 13,000 square feet of existing retail space.

According to the social media post, plans also call for racquetball courts, a fitness center, game and karaoke rooms, and an outdoor amenity deck.

3424 Wilshire BoulevardGoogle Maps

Jamison, which has long ranked among the region's largest office landlords, has spent the past decade becoming one of its largest owners of apartment buildings. In addition to new housing created through ground-up construction, such as at the nearby Opus apartment towers, the Koreatown-based firm has worked to convert numerous office buildings in Koreatown and Westlake into housing. The company has also recently secured funding to convert a 33-story tower next to the 110 Freeway into 686 apartments.

Jamison has reportedly secured a $60-million loan for the project.

The property at 3424 Wilshire Boulevard, though originally built as the home of IBM, has in more recent years served as the headquarters of the Archdiocese of Los Angeles, which sold the property to Jamison Services in 2008.

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