Apartments could rise from the site of a scuttled hotel development in Koreatown, according to plans filed last week with the City of Los Angeles.
The half-acre property at 2870 W. Olympic Boulevard - currently improved with a single-family home and a commercial building - was once slated for a 120-room hotel. The new project, which comes from applicant 2870 O Consortium, LLC, instead calls for the development of a 126-unit apartment building, including 13 units to be set aside as affordable housing.
Maxsum Development is listed as the developer's representative.
Though the hotel development was approved by the City of Los Angeles in October 2018, entitlement proceedings for the project were terminated in March 2019, according to a memo issued by the Planning Department. Property records from the Los Angeles County Assessor’s office show that the property was sold in December 2018.
The proposed hotel had been the subject of an appeal from a labor union representing hotel workers, reports The Real Deal.
Two similar developments are nearing completion two blocks east at the corner of Olympic and Catalina Avenue.
- Six-Story Hotel Coming to Olympic Boulevard (Urbanize LA)