The residential component of a large mixed-use apartment complex is now complete at 3525 W. 8th Street in Koreatown, Nadel Architecture + Planning announced late last month.
The Rise Koreatown, built by a joint venture between Cal-Coast Development and Rescore, is a seven-story, approximately 688,000-square-foot building which features 363 apartments above 52,619 square feet of ground-floor commercial space. Other project elements include open space amenities such as a fitness center, a club room, and a swimming pool.
“With the culmination of The Rise Koreatown’s residential development, we are eagerly anticipating the execution of phase two, expected to reach completion in early 2024,” said Nadel's multifamily studio director Ancelmo Perez in a news release. “The second phase will introduce the extensive ground-floor retail space component, including Zion Market and a corridor of various retail tenants aimed at bringing both everyday conveniences and enticing social experiences to The Rise’s residents and neighboring communities.”
The apartments, which include studio and one-bedroom units, are stacked above parking for 791 vehicles located at-grade and in two subterranean levels. The complex also includes 6,000 square feet of solar panels on its roof, 97 charging stations for electric vehicles, and bicycle parking for up to 461 vehicles.
Per conditions of approval imposed by the City of Los Angeles, 38 deed-restricted low- and moderate income units are also included in the building.
The Rise Koreatown is surrounding by a series of new developments from Jamison Services, Inc., including apartment buildings at Western Avenue, Harvard Boulevard, and Serrano Avenue.
The Koreatown project is one of two recent Los Angeles-area developments built by Cal-Coast and Rescore. The other, the Rise Hollywood, opened in 2021 near Sunset Boulevard and Vine Street.
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- The Rise Koreatown (Urbanize LA)