Phase One of Koreatown Mixed-Use Reaches Completion
Cal-Coast Development Corp. and Rescore Property Corporation have completed phase one of The Rise Koreatown, a 688,000 square-foot, seven-story mixed-use residential and retail project located in the Koreatown neighborhood of central Los Angeles. Phase one completion concludes construction of the multifamily portion of The Rise Koreatown development, including more than 300 apartments.
The fully executed project will bring 363 apartment units and 52,619 square feet of retail shops and market space to Koreatown during a time when demand for convenience and community is climbing, according to Ancelmo Perez, multifamily studio director at Nadel Architecture + Planning, which provided complete architectural services for the project.
“With the culmination of The Rise Koreatown’s residential development, we are eagerly anticipating the execution of phase two, expected to reach completion in early 2024,” said Perez. “The second phase will introduce the extensive ground-floor retail space component, including Zion Market and a corridor of various retail tenants aimed at bringing both everyday conveniences and enticing social experiences to The Rise’s residents and neighboring communities.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).