A $300-million apartment tower has passed the halfway point on its vertical climb in Koreatown.
The 25-story development, located at 2900 Wilshire Boulevard, is a joint venture between Hankey Capital and Jamison Services, Inc. The completed building will feature 644 apartments above a podium structure featuring 1,100 parking stalls lined by 15,000 square feet of ground-floor commercial space.
The tower, designed by LARGE Architecture, will have an amorphous footprint to reduce casting shadows in the neighboring Lafayette Park. Its parking podium, capped by a one-acre amenity deck, will also be masked by residential units.
Plans call for a mix of studio, one-, two-, and three-bedroom dwellings, with rents ranging from $2,000 to $10,000 per month.
Directly across Hoover Street from the 2900 Wilshire development, the City of Los Angeles is currently in construction on a new Bridge Home facility at the Lafayette Park Triangle. That project, which will house 15 single females with children, is on pace to open this year.
The project site also sits just east of 3033 Wilshire, a recently-completed apartment tower from UDR, Inc.
Hankey Capital and Jamison Services have also partnered on a high-rise complex near Staples Center and a proposed 490-unit apartment complex next to the Vermont/Beverly subway station.
- 2900 Wilshire Boulevard (Urbanize LA)
