A $300-million apartment tower has passed the halfway point on its vertical climb in Koreatown.  

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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.

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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.