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Seven months after selling its stake in the massive California Market Center to Brookfield, Koreatown-based developer Jamison Services, Inc. has filed plans to convert an adjoining structure into a hotel.

The six-story building at 124 E. Olympic Boulevard, known as Mart South, is poised for a transformation into 149 guest rooms with ground-floor commercial space and rooftop dining.  City records show that the 1950s structure currently comprises more than 70,000 square feet of rentable office space.

The project represents the fourth office-to-hotel conversion for the Fashion District in the past four years, joining ongoing projects such as the Hoxton and Proper Hotels, and the already-complete Ace Hotel.

Brookfield, in a separate project, is also considering long-term upgrades to the 1.8-million=square-foot Cal Mart complex, including the addition of ground-floor retail space to the fortress-like property.

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Mixed-Use Development Planned Near Laguna Niguel Metrolink Station

The project is part of the city's Gateway District.
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The Laguna Niguel Planning Commission has approved a mixed-use development near the city's Metrolink Station.  The joint venture between Blackwood Real Estate and Walbern, located near the intersection of Crown Valley Parkway and Forbes Road, will consist of 100 two- and three-bedroom apartments in a seven-story building.  Plans also call for 2,700 square feet of ground-floor retail space, as well as a pool courtyard, a fitness center, a private garden, and a sky deck.