A North Carolina-based company has plans to develop an eight-story apartment building at 950 – 962 S. Berendo Street after acquiring the Koreatown site from its previous developer earlier this year, a new planning case posted by the city of Los Angeles this month shows.
Plans filed by an affiliate of Charlotte, North Carolina-based Grubb Properties call for a 94-foot-tall, 77-unit apartment community to rise at the site, replacing a trio of already demolished multifamily and single-family buildings totaling seven units. County property records show that the affiliate of Grubb Properties acquired the project site for about $5.5 million earlier this year from Berendo Partners LLC.
Led by Miran Byun, the site’s previous owner secured approvals in late 2018 for a six-story, 75-unit apartment project at 950 – 962 S. Berendo St. designed by Andmore Partners.
Designed by project architect Urban Architecture Lab, the latest plans for the Koreatown property call for an approximately 55,000-square-foot apartment building with 33 studio apartments, 31 one-bedrooms, and 13 two-bedrooms. Studios would range in size from 411 to 486 square feet, ones from 496 to 700 square feet, and twos from 980 to 1,194 square feet.
The new development team is seeking transit-oriented communities program incentives including yard and open space reductions. It would reserve eight apartments for extremely low-income households in accordance with the TOC program, plans show.
Land use consultant three6ixty is also involved in development plans as the project representative.
The new community would also include 6,055 square feet of common open space, including a third-level courtyard and a roof deck, plans show.
The project would provide 39 automobile parking spaces in its bottom two levels, as well as space for 69 bicycles.
