The owner of an approximately .32-acre surface parking lot in Koreatown intends to redevelop the property with a multifamily residential complex, per a filing today with the City of Los Angeles.

The project site, located at 689 S. Catalina Street, is slated for an eight-story, 94-foot-tall building that would feature 61 apartments.  Plans call for an approximately 60,000-square-foot structure.

Immediately north of the subject property, developer Jamison Services is converting the former Los Angeles headquarters of Texaco into 216 apartments with ground-floor commercial space.  Construction is also underway to add three new floors atop an existing parking structure, creating 122 residential units.

Image via Google Maps

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Senior Affordable Housing Opens Near Orange County's Great Park

The two-building development features 157 apartments.

Developers Related California and FivePoint have opened a new affordable housing complex near Irvine's Great Park.  The project, called Luxaira, features 157 residential units catering to low-income seniors.  It is the second senior affordable development to be built in the Great Park neighborhoods by Related, FivePoint, and collaborator RCC Charitage.  To date, more than 500 affordable housing units have been built around the park in four separate projects.