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A large shopping center in Koreatown has closed its doors, as its owners prepare to redevelop the underlying property as part of a mixed-use complex.

The roughly two-acre project site, located at 3525 W. 8th Street, is controlled by a joint venture between Rescore and Cal-Coast Development.  They obtained approvals earlier this year from the City of Los Angeles to raze the existing facility and parking lot, allowing for the construction of a seven-story building featuring 364 apartments and 52,000 square feet of ground-floor commercial space - including a nearly 23,000-square-foot grocery store.

Nadel Architects is designing the squat mid-rise structure, which will be colored white with flourishes of red and yellow.

The project, known as the Rise Koreatown, is the second collaboration between Cal-Coast, Rescore, and Nadel, following the similar Rise Hollywood development now under construction at Fountain and Cahuenga.

Image via Cal-Coast Development
Image via Cal-Coast Development
Image via Cal-Coast Development
Image via Cal-Coast Development
Image via Cal-Coast Development
Image via Cal-Coast Development
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This Week in Leases - June 23, 2018

Two advertising studios make moves in DTLA and Park Mile.
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ROW DTLA, located at the border of the Arts District and Industrial District in Downtown Los Angeles, has announced that creative advertising studio WC+A has signed a lease for 12,000 square feet of office space at the complex.