U.S. Hankey, Jamison start building $300 mln residential tower in LA

U.S. real estate investment firm Hankey Investment Company LP and peer Jamison Properties, LP have started construction of a $300 million 25-story residential tower in Koreatown, Los Angeles (LA).

The tower will rise at the corner of Wilshire Boulevard and Hoover Street, just east of the recently completed 3033 Wilshire apartment tower and the historic Bullock’s Wilshire building.

The project will contain 644 residences housed in the 25-story tower and units which wrap around the property’s 1,000-parking space podium.

The curved structure will also include 15,000 square feet of prime retail on the ground floor to bring additional vibrancy to the vicinity which will cater to residents, locals and Koreatown visitors.