Proving its viability as one of Downtown L.A.’s top neighborhoods, Koreatown is set to welcome yet another mixed-use development to meet the ever-increasing demand for more homes and retail options in one of the city’s most highly desirable locales. Enter a yet-to-be-named project at 2900 Wilshire Blvd., a $300 million luxury high-rise tower designed by Large Architecture that’s slated for completion in early 2021.
“As Koreatown’s housing market continues to flourish, 2900 Wilshire provides a golden opportunity to revive an otherwise longtime vacant site, bringing much-needed housing to the community,” says W. Scott Dobbins, president of Hankey Investment Company LP, which is developing the project with Jamison Properties LP.
Situated at 2900 Wilshire Blvd.—on a 2.9-acre site near the recently completed 3033 Wilshire apartment tower and the historic Bullock’s Wilshire building, which now houses Southwestern Law School—the 25-story development will offer more than 15,000 square feet of retail space on the ground floor. Living options, meanwhile, will include 644 studios to three-bedroom, two-story penthouses, with rental prices ranging from $2,000 to $10,000 per month. A distinct floor shape will avoid casting shade on the two parks that flank the project, while providing unobstructed views of Downtown L.A. and the Hollywood Hills.
Among the amenities: a 1-acre rooftop deck atop a 1,000-space parking podium offering a separate gym and clubhouse, along with a business center, pool and spa, private open-air dining areas, barbecues, fire pits, dog park, Zen garden and viewing deck. Expect floor plans and pricing soon.
2900 WILSHIRE BOULEVARD
KOREATOWN
MIXED-USE DEVELOPMENT
$300 million Luxury Tower
Designed by Large Architecture
PHOTOGRAPH: COURTESY OF LARGE ARCHITECTURE