Tag Archives: development

2900 WIlshire Blvd development

A development is planned on a parcel of land Hankey Investment Co purchased in 2009 for $7 million. They purchased the property via public auction. Hankey plans to build a 31-story residential and mixed-use tower with Jamison Properties, a prominent developer in Koreatown. One of Hankey’s companies, Midway car rental, operated on the site for many years. The land is located on the southwest corner of Wilshire and Hoover. 

Matthew Artukovich of Lee & Associates sold 2.5 acres of land here in 2005 for $11.3M representing the seller, Right Hero Industries USA. The site is located across from Lafayette Park and is near Southwestern Law School (former Bullocks Wilshire building), and the Vermont/Wilshire metro subway station.

2019 UPDATE: see Urbanize.la June 2019 article with fresh info and building renderings. 

“Green” Industrial Park Planned

Los Angeles city officials hope to create jobs with a Downtown cluster of environmentally sustainable companies at a currently 20 acre parcel in an industrial area south of the 10 freeway near Santa Fe Avenue.  Up to 1 million square feet of buildings could accommodate such businesses at the site.  Tax breaks and other financial incentives will be offered.  The Community Redevelopment Agency (CRA) will be shopping the proposal to different businesses.  The site was once a bus manufacturing facility.