Downtown's not the only place in Los Angeles where long-dormant developments are stirring to life again. A Koreatown project we haven't heard from since 2007 has shown up again with new developers and a pointy new design. The mixed-use project, set to rise 18 stories at the corner of Wilshire and Virgil, would hold 190 residences and around 5,500 square feet of retail space on the ground floor. The building would also feature a rooftop pool, as well as a gym, bike parking, and a four-level parking podium with room for up to 302 cars, says Building LA.
According to Project Management Advisors, Inc., developers UDR, Inc. are also planning on "widening ... Virgil Avenue, entailing the relocation of existing traffic signals, streetlights and other existing infrastructure." Exciting! There's no detailed timeline, though PMA's site does indicate that completion for the as-yet-unnamed project is expected in February 2016.
The last we heard out of this sharp-looking new project, it was 2007 and the project was going by the name Circa on Wilshire. Similarly tall, the 18-story building was being developed by Portland-based Williams & Dame, with architects Ankrom & Moisan calling the design shots. Like so many other projects, though, it was stalled by the economic downturn and the property was sold in 2008.
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