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Los Angeles-based Urban Offerings has announced the opening of new creative office space in Koreatown.

The project, located at 515 Shatto Place, repurposes the shell of a one-story edifice from the early 1960s and 18,000 square feet of rentable space.

The building's exterior has been adorned with a three-paneled mural by street artist Fin Dac. The piece, known as "Nabi Sonyeo," was covered in netting and mounted with over 90 hand-cut butterflies to create a simulation of butterflies fluttering in the breeze.  The artwork was completed over the course of two weeks.

The development, located two blocks from Wilshire/Vermont Station, is billed as the first creative office building in Koreatown.  The neighborhood is home to numerous mid-century office towers offering a more traditional product along Wilshire Boulevard.

The property's listing brokers are Keith Fielding, Tibor Lido, and Aleks Trifunovic over Lee & Associates and Mark Hong of Korus Real Estate.

515 Shatto. Image courtesy of Urban Offerings.
515 Shatto. Image courtesy of Urban Offerings.
515 Shatto. Image courtesy of Urban Offerings.

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Six-Story Apartment Building to Rise on Westlake Parking Lot

Another project through the Transit Oriented Communities program.
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A 9,300-square-foot surface parking lot in Westlake is slated for development, according to plans filed last week with the City of Los Angeles.

The property, located at 366 S. Loma Drive, could see the construction of a six-story building featuring 39 apartments - including affordable units - above a partially subterranean parking garage.