Yet another Koreatown strip mall has bit the dust for a residential-retail complex.

The latest development, located at 940 S. Western Avenue, is a six-story building which will feature 79 residential units above ground-floor commercial space and three levels of underground parking.

According to the website of Grace Partnership, Inc., the design of the low-rise development was inspired by Hanok, a traditional style of Korean architecture.  This concept is represented in the mixed-use complex through the staggered  and colorful protrusions which extend diagonally across its facade.

The project is being developed by 950 Western, LLC.  A construction timeline has not been revealed.

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10-Story Apartment Building Proposed at 12th & Grand

A 37-story tower had previously been pitched for the property.

Three years after bursting on the scene with plans for a high-rise development near Staples Center, the local subsidiary of a Chinese real estate firm has instead opted for a more modest project in South Park.

Earlier today, City Century submitted an application to the L.A. Department of City Planning for the construction of a 10-story building at 1201 S.