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Work Set to Begin at Koreatown's Giant The Vermont Towers

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We haven't heard much lately about The Vermont, the proposed two-tower megaproject across from the subway station at Vermont and Wilshire. Developer JH Snyder has gotten some good news from Uncle Sam: the Housing and Urban Development department announced on Friday that they were giving Snyder a $12.5 million loan, which will fund the retail and parking components of the project. The Community Redevelopment Agency was supposed to push $17.5 million toward this project last year; it's not clear if it got to Snyder before the CRA was killed by Governor Brown. Anyway, HUD describes the project as thus: "The Vermont will provide approximately 35,000 square feet of retail space, 464 market-rate apartment units, and 910 indoor parking spaces." The towers will be 22 and 28 stories and there will also be a quarter-acre central courtyard. We've seen a lot of action going on at the site, though a building permit was just pulled a week ago. The project has two architects working on it: Jerde Partnership and Harley Ellis Devereaux.
· No Vertical Mall, But Two Apartment Towers for Vermont and Wilshire [Curbed LA]

The Vermont

3150 Wilshire Blvd, Los Angeles, CA 90010