Los Angeles Koreatown High-Rise Project Clears City Council
The Los Angeles City Council has approved the general plan amendment and zone change required for a 40-story high-rise in Koreatown to move forward.
The project from Townline and Forme Development known as Terrace Block would deliver 367 residences, 3345 square meters (36,000 square feet) of office and retail space on the ground floor, and parking for 470 cars across four basement levels.
The building was designed by Gensler and is planned for an estimated 147 meters (483 feet) with a textured glass exterior featuring perforated metal screens. The design is in conversation with the 1930s First Evangelical Lutheran Church at 6th Street and Shatto Place.
The apartment mix in the building would range from studio to three-bedroom apartments, with 42 units reserved for very low- and extremely-low income households, as deed-restricted affordable housing units over a period of 55 years. However, a request for a conditional use permit for 90 of the apartments to be used as transient occupancy units was denied.
The project anticipates breaking ground by July 2022, with project completion anticipated in fall 2025.
Other recent activity in Koreatown high-rise developments includes the 25-story Kurve and a 38-story building under construction at 7th street and New Hampshire Avenue.
For more on this story, go to Urbanize Los Angeles.
696 South New Hampshire Avenue
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