Seven-Story, 89-Unit Condo To Rise In Koreatown
The Los Angeles City Planning Commission has approved a seven-story, 89-unit condominium development in Koreatown despite an objection from the Los Angeles Neighborhood Land Trust.
The commission in December voted 5-1 in favor of developer Fred & Jamison LLC’s proposed development at 500 South Oxford Ave. in Los Angeles. The site is a collection of four parcels totaling 35,658 SF on the southeast corner of Oxford Avenue and Fifth Street.
According to staff documents, the building would feature two- and three-bedroom units with a balcony, an open-air courtyard, a gymnasium, a swimming pool, a jacuzzi and a a dog run with artificial turf.
The Los Angeles Neighborhood Land Trust, a nonprofit that advocates for park space in the city, appealed the project, arguing that the developer should have set aside some green space.
The commission followed city staff’s recommendation that the development is “located in an area where 72 public parks are within a five-mile radius of the project site." The developer is also working with the local council district to provide funding for a park less than half a mile away, city staff reported.
Additionally, the developer has agreed to pay an in-lieu fee to the city for the lack of park space in its development.
The Los Angeles City Council will vote on the project in the coming months.