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

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Small Lot Saturday: Eight Houses in Eagle Rock

The project would replace three existing homes.

Irvine-based developer Calcagnie Group has plans for another small lot subdivision in Northeast Los Angeles, this time on the border between Eagle Rock and Highland Park.

The latest project, located at 6845-6855 N. Figueroa Street, would replace three existing houses with eight new residences.