Koreatown has mixed-use developments springing up left and right these days, but this one comes with an Ivy League pedigree. Plans were submitted in late October for a six-story building at the southeastern corner of 8th Street and Harvard Boulevard. The project, appropriately named 8th & Harvard, would contain 131 residential units above 7,000 square feet of ground floor commercial space. Architectural work once again comes from the Archeon Group, which currently has several Koreatown projects in predevelopment.
Surprisingly, 8th & Harvard's case filing indicates that the project's residential component will be condo units rather than rental apartments. While the Los Angeles real estate market has experienced a strong rebound in the past year, for-sale units seem like a big risk in this part of Koreatown.