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.

Image via GBG Building Company
Image via Google Maps

This Week in Leases - September 22, 2018

The Pacific Design Center's RedBuilding fills out.

Independent entertainment company A24 will relocate its offices to the Pacific Design Center's RedBuilding in West Hollywood.  The company, which is relocating from an existing facility on Beverly Boulevard, has leased the entire 12th floor of the RedBuilding, amounting to a 25,000-square-foot office.