Jamison Services, a leading developer of office-to-home conversions in Los Angeles, aimed to convert a 17-story office building in Carthay into condominiums.
The Koreatown-based developer has submitted plans to convert a 144,000-square-foot office building at 6380 Wilshire Boulevard in central Los Angeles into 210 apartments, Reported by Urbanize Los Angeles.
Plans call for converting the 60-year-old mid-century modern tower into 210 studio, one-, two- and three-bedroom apartments. An above ground parking lot can accommodate 176 cars.
The adaptive reuse project, designed by Long Beach’s Next Architecture, will retain the building’s current windows and glazing while adding new windows to a portion of the parking lot and a new rooftop penthouse.
The new condo will contain 27,000 square feet of community use, including a theater, co-working space, fitness center, club room, yoga studio, game room, golf simulator, sky lounge and rooftop pool deck.
According to Urbanize, the Jamison renovation will be located two blocks east of Metro’s upcoming Wilshire/Fairfax subway station, near some new and proposed residential projects.
Jamison Services, a division of Jamison Properties, Leading an increasing number of developers converting offices into condominiums or condominiums As companies cut office leases in the age of remote work.
The RAND Institute identified 2,300 underutilized office and hotel properties in Los Angeles County that could be converted to housing. Most of them are old office buildings with large blocks of unleased space, According to a March 2022 study.
Adds up if all underutilized buildings are turned into houses 113,000 units, Rand said. This is between 9% and 14% of the housing needed to meet demand over the next eight years.
As of last fall, Jamison had converted seven office buildings into homes, totaling 1,200 units, nearly all of which are leased out.
Last month, it submitted a 95,000-square-foot office building in Westlake Enter 141 condominiums at 520 South La Fayette Park Place.
In August, the company submitted plans to transform the Pierce National Life Building, a half-century-old office facility in Koreatown, into a 13-story, 176-unit apartment building Address: 3807-3815 Wilshire Boulevard.
— Dana Bartholomew
