The Los Angeles planning department has given transit-oriented communities Tier-3 project approvals for a 118-unit project planned by Jamison Properties near the western edge of the Koreatown neighborhood, according to a determination letter filed by the city last month.
Planned at the northeastern corner of West Olympic Boulevard and South Manhattan Place, the seven-story mixed-use project will feature about 134,000 square feet of floor area, including roughly 7,500 square feet of ground-floor commercial space facing both streets. It will replace a two-story medical office building and surface parking lot.
TOC incentives granted by the city include a 22-foot height increase to allow for a maximum height of 67 feet, as well as a 70-percent density bonus.
Canadian developer Bastion Development Corporation first received approvals for a similar, 114-unit project at the corner site in 2019. The three-parcel property was purchased from Bastion by an affiliate of Jamison Properties last summer for about $11.5 million, according to county property records.
The architect for Jamison’s development is MVE + Partners.
The project will contain one studio, 37 one-bedrooms, 72 two-bedrooms, and eight three-bedrooms, with 12 units set aside for extremely low-income households. It will also provide outdoor open space including a second-level courtyard and 5,653-square-foot roof deck, in addition to indoor amenities such as a 1,500-square-foot co-working space and second-level fitness and club rooms.
Plans call for 159 automobile spaces across the project’s ground floor and two-level underground garage, as well as 118 bicycle spaces.
