Resurgent Koreatown continues on its upward trajectory, with a new residential development planned one block south of Wilshire Boulevard. A surface parking lot at 2867 Sunset Place, just a short walk from Lafayette Park, is set to make way for a new 60-unit apartment building. Located three blocks east of Wilshire/Vermont Station, the development would include parking accommodations for 77 vehicles. This section of the neighborhood is currently in the midst of mini-development boom, with the signs of adaptive re-use projects and ground up construction apparent throughout the neighborhood. The J.H. Snyder Company is currently wrapping up construction on the $200 million Vermont Towers, which will open its 464 apartments later this year. Jamison Services, one of Los Angeles' largest commercial landlords, recently converted the mid-rise office building at 3075 Wilshire into 123 apartments. Midway between Lafayette and McArthur Parks, the New York-based Somerset Group plans for 154 luxury condominiums at the northeast corner of Wilshire Boulevard and Coronado Street. An 18-story high-rise was also planned at the northwest corner of Wilshire and Virgil Avenue, although the future of that project remains unclear at this point.
- Case Information Summary Sheet (LADCP)