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Koreans Bail Out, Put 3670 Wilshire Up For Sale

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So much for the dream of 3670 Wilshire, a shiny green condominium project that was once touted as a forthcoming "landmark tower in Koreatown." At least there's one last new rendering to gaze at. But following some sort of dispute last year between the Korean partners behind the project, and then news that the project was going to be sold, this landmark has now been listed for a mere $40 million. More via the description on Loopnet: "Outstanding development land (2.2 acres) in the heart of Koreatown. Uniqure and rare opportunity for high rise mixed use development (height limit 490 feet) on Wilshire Boulevard. The property is entitled for 378 residential condominiums with 8,000 sf of retail." It's a good bet that the sign for the Emhurst Hotel, another planned Koreatown project, is still gathering dust.
· 3670 Wilshire [Loopnet]
· 3670 Wilshire Article translation [Curbed LA]