 |
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.
 |
| Ancelmo Perez, |
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.
“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
sreznicek@thesmartagency.com
www.nadelarc.com.
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