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| The Rise Koreatown, a 688,000 square-foot, seven-story mixed-use residential and retail project at 3525 West 8th Street in the heart of the Koreatown neighborhood of central Los Angeles, CA |
LOS ANGELES, CA – Nadel Architecture + Planning, one of Los Angeles’ premier architecture and design firms, announces the phase one completion of The Rise Koreatown, a 688,000 square-foot, seven-story mixed-use residential and retail project located at 3525 W 8th St,in the heart of the Koreatown neighborhood of central Los Angeles, California.
Phase one completion concludes construction of the multifamily residential portion of The Rise Koreatown development, including over 300 apartment units and amenities such as a fitness center, swimming pool, and clubroom.
Developed by Cal-Coast Development Corp. and Rescore Property Corporation,
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.
Ancelmo Perez,
“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,” says 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.”
With 56% of the world’s population living in cities as of 2021, a number that is expected to rise to 68% by 2050, mixed-use developments are increasingly being viewed as a viable way to help create sustainable urban environments that benefit residents, businesses, and neighborhoods, adds Perez.
“The Rise Koreatown will combine community space, retail, restaurants, and multifamily with a cohesive design language that seamlessly integrates and complements the surrounding area,” says Perez.
“The pandemic bolstered the trend of reconnection on an individual and community level. In Los Angeles, we are seeing a desire for people to experience the community-driven feeling of living in a small town, while still enjoying the amenities of big-city life.
"Mixed-use projects like Rise Koreatown exemplify this desire for connection, maximum convenience, and the efficiencies of daily routine by providing the ability to shop, eat, and mingle all in one aesthetically pleasing location.”
In recognition of this excellence in mixed-use design and
development, The Rise was awarded with the PCBC Award of Merit for best
mixed-use project at the 59th Annual Gold Nugget Awards. central inner open courtyard, which is an
increasingly popular feature
According to Perez, The Rise consists of a total of seven stories, with parking on three levels, two of which are subterranean, and offers luxury studio and one-bedroom apartments in a highly walkable urban location.
All the apartment units on the third floor feature patios, and nearly all apartments above have balconies, allowing for excellent views of the surrounding city or courtyard.
“The Rise’s contemporary design and innovative amenities meet a variety of needs all in one concentrated space, truly mixing leisure with everyday life,” says Perez.
“Amenities include a two-story gym, a clubhouse with Karaoke theater lounge, virtual golf driving range, game room, study rooms, a card room, roof terraces with barbeques, outdoor TVs, and a dog lounge.
"These amenities foster increased engagement and interaction and truly showcase how design can maximize space to reflect the new-age values of Americans.”
CONTACTS:
Sophia Reznicek / Lexi Astfalk
The Smart Agency
(949) 438-6262
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