Dual Tower Koreatown Development Gets a Haircut
Citing changing market conditions and engineering challenges, prolific Koreatown developerjamison-services-inc"> Jamison Services, Inc. is changing up its plans for a dual-tower project across the street from the Wilshire/Normandie subway station.
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Both iterations of the project are designed by Los Angeles-based architecture firm Gruen Associates.
The impetus for the design change, according to an attachment to the project application, is a mix of market conditions and engineering difficulties. A feasibility study conducted in July for Jamison Services indicates that the revised plan would reduce the development's cost by approximately 20 percent, reducing the anticipated construction timeline and additional infrastructure required for a taller building.
Additionally, shifting the tower's mass north would allow Jamison to avoid additional structural work to protect the adjacent subway tunnel - which is located just 30 feet south of the project site.
While Jamison has gone back to the drawing board for the tower complex at 3545 Wilshire, construction is already in full swing at several of its other Koreatown developments.
One mile east, a 25-story tower that is being developed by Jamison and Hankey Group has topped out at 2900 Wilshire Boulevard.
Directly across Wilshire from the Ardmore property, Jamison is in the process of converting a 1950s office building into multifamily housing.
3545 Wilshire Boulevard (Urbanize LA)