100-Unit Koreatown Project Given Thumbs Up

The Opportunity Zone project will feature 100 apartments and about 4,300 square feet of commercial space
The five-story development will rise in an Opportunity Zone census tract covering the corner of South Western Avenue and West 42nd Place
Spring approvals for the project, which include an exemption from CEQA review, were subsequently appealed
Developer SoLa Impact is looking to move forward with a 50-unit affordable housing project with zero parking spaces
The mixed-use building will feature a design crafted by Culver City-based firm OfficeUntitled
The project will replace an approximately 17,000-square-foot post office building
One of two partners behind the project is Jamison Properties, the development arm of one of Los Angeles' biggest landlords
The project site is owned by an affiliate of Sola Impact and located in the burgeoning Beehive business campus
The six-story TOC project would likely be eligible for tax-advantaged Opportunity Zone investment
Plans call for an average unit size of 308 square feet at the eight-story project
Named Triple Main, the project would set aside 20 of its 84 units for low-income households
Purchased for $12.5 million last year, the project site sits within an Opportunity Zone
The project, which is in an Opportunity Zone, will rise to a max height of 56 feet
The seven-story Adams & Grand development earned Opportunity Zone investment last month with the expectation of a 2023 completion
Project developer Bluestone Capital plans on using modular construction for the newly proposed project.
Located in an Opportunity Zone, the five story project secured both height and density boosts

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