Jamison Services, Inc. has purchased an entitled development site in Koreatown for $14 million, reports the L.A. Business Journal.

The property, located at the southeast corner of 8th Street and Harvard Boulevard, is entitled for the construction of a six-story building featuring 131 residential units and 7,000 square feet of ground-floor commercial space.

Archeon Group, a Koreatown-based architecture and planning firm, has generated preliminary designs for the project.

Image via Archeon Group

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Mixed-Use Development Planned Near Laguna Niguel Metrolink Station

The project is part of the city's Gateway District.

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.