The project is the latest lare-scale Koreatown development from Christopher Pak, a Koreatown-born architect and developer described by the Los Angeles Times as " turning Koreatown into a testing ground for a vision of a dense, taller L.A."
The project is proposed for both sides of James M. Wood Boulevard east of Vermont Avenue. On the north side, the developer proposes 187 residential units and 18,000 square-feet of retail. On the south side of the street would be 224 units and 25,800 square-feet of retail.
The project is located within the Wilshire Center/Koreatown Redevelopment Project Area and a Los Angeles State Enterprise Zone, important designations which could allow for more dense development and a faster approval process. It is located in the MacArthur Park Neighborhood Council area, on the eastern flank of Koreatown. The project is located primarily in Council President Herb Wesson's 10th District but its eastern edge is in Councilman Gilbert Cedillo's 1st District.
The project requires a General Plan Amendment, Zone Change and new Height District designation, which are entitlement requests that ultimately require approval from the City Council.
Pak is a "prominent campaign fundraiser," according to the Los Angeles Times, whose wife was appointed to the City Ethics Commission in December 2012 by Wesson. Pak raised money for Wesson, Cedillo and Mayor Eric Garcetti, among others, before the recent citywide elections, according to the Times.
The Planning and environmental cases were filed on Tuesday so it could be several months or more before the draft Mitigated Negative Declaration is published and the first hearing date is set for the entitlement requests.
Planning Department case:
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