CityView, a Los Angeles-based real estate firm, has unveiled its revised plan for a mixed-use complex now under construction in Koreatown.
The project, which is being rebranded as the Pearl on Wilshire, is rising from a large vacant lot at the southwest corner of Wilshire and Hobart Boulevards. The seven-story building will feature 346 apartments above approximately 8,000 square feet of ground-floor retail space, as well as residential amenities such as a swimming pool, a business center, a fitness room and a rooftop deck.
Designs from Santa Monica-based VTBS Architects call for a contemporary-style building, spanning the full block of Hobart Boulevard between Wilshire and 7th Street. Exterior materials will consist primarily of stucco and glass.
In a press release, CityView states that the project's location along the Purple Line subway proved especially alluring, given the company's focus on transit-oriented development. The 2.22-acre site was purchased last year from an investment group helmed by Don Hankey.
Completion of the Pearl is expected in the first quarter of 2018.