With the rise of remote work, the office market in Los Angeles has continued to see an increase in vacancies. To combat this ongoing trend, one developer is proposing to convert an existing commercial office building located between the city’s Westlake and Koreatown neighborhoods to a 141-unit multifamily development.
According to plans submitted to the City, the developer is an entity linked to Jamison Properties and the architecture firm behind the project is Corbel Architects. The proposed project would be constructed on an approximately one-acre lot at 520 South La Fayette Park Place. The lot is currently developed with a 95,000 square foot, six-story office building. To achieve approval for conversion of the site, however, the applicant is requesting a Zoning Administrator Determination to permit the adaptive reuse of the site.
Plans show that the conversion would include a mix of unit types, including 50 studio units, 81 one-bedroom units and ten two-bedroom units. The residential units would be located within the building’s second through sixth floor.
At the ground floor and second floor levels, the building would feature various tenants amenities, including a gym, residential lobby, community room and co-working room. The project would also include 198 parking spaces.
The project site is also closely situated to a number of off-site amenities, including the Wilshire/Vermont Metro Station. Lafayette and MacArthur Park is also located within close proximity of the site.
Jamison Properties is the development arm of the larger Los Angeles-based Jamison Services Inc. The company was founded in 2013, and since then, has delivered approximately 4,700 residential units and has another 2,500 units currently under construction, according to the company’s website.
The company is responsible for a number of developments in and around Koreatown. One property planned by the company in the area is a 120-unit apartment building at 975 Manhattan Place. The project will total 95,206 square feet and stand seven stories, according to The Registry’s previous reporting.