At its meeting last week, the Los Angeles City Council voted to adopted the findings of a Sustainable Communities Environmental Assessment for a proposed mixed-use project at 3433 W. 8th Street in Koreatown, a key milestone in the project's approval process.
View from 8th and HobartCorbel Architects
The proposed development, called "The Parks in LA," would rise along the north side of 8th Street between Harvard and Hobart Boulevards, replacing five commercial buildings. In their place, plans call for the construction of an eight-story edifice which would feature 251 studio, one-, and two-bedroom apartments above 22,500 square feet of offices and 18,000 square feet of ground-level retail. Plans also call for parking for 284 vehicles located in two subterranean levels.
Project applicant Charles Park & Associates, LLC has sought approvals using density bonus incentives to allow for a larger structure than otherwise permitted by zoning rules. In exchange, 29 apartments would be set aside for rent as very low- and extremely low-income affordable housing.
Corbel Architects is designing the contemporary podium-type building, which would include a central promenade at street level lined with shops and restaurants. Plans call for an also call for a central courtyard atop the building's podium, as well as amenities such as a fitness center and a game room.
Ground-level viewCorbel Architects
Construction of The Parks is expected to occur over an 18-month period, according to the environmental study.
While approval of the environmental study represents an important milestone for the project, other obstacles remain. The proposed development will still require the approval of a general plan amendment and a zone change, which are being considered separately.
The proposed project is the latest in a long series of new mixed-use projects to reshape the 8th Street corridor through Koreatown, including the Harper apartments at the opposite corner of 8th and Harvard and the Rise apartments one block to the west.
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