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Koreatown Mixed-Use Development: Los Angeles, California

Koreatown Mixed-Use Development:  Los Angeles, California


Provided advisory services to a pension fund client with regard to a proposed mixed-use project that will contain approximately 985,000 square feet to include 431 condominium units, 41,500 square feet of ground floor retail, and structured parking for 844 cars. The proposed project would be located in the heart of Koreatown, a transitioning neighborhood located between downtown Los Angeles and Beverly Hills. The Weitzman Group, Inc. conducted a review of the for-sale residential market in Koreatown, the positive and negative aspects of the proposed development initiative, the developerís unit pricing and absorption, and the construction financing structure of the project.

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