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The $300 Million Transformation: 7 Shocking Facts About The New 3470 Wilshire Blvd Twin-Tower Development

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The iconic address of 3470 Wilshire Boulevard in Los Angeles is no longer just a Class A office complex; it is the epicenter of a massive, multi-million dollar urban revitalization project that is fundamentally reshaping the Koreatown skyline. As of late 2025, this prime location is transitioning from a traditional commercial hub into one of the largest twin-tower, mixed-use residential developments in the area, a testament to the surging demand for luxury urban living in the Wilshire Corridor. This ambitious undertaking by developer Jamison Properties is set to deliver hundreds of new apartments and significant commercial space, marking a pivotal moment in LA's office-to-residential conversion trend.

The project at 3470 Wilshire Boulevard is far more than just a new building; it represents a strategic shift in Los Angeles real estate, leveraging the site’s exceptional transit-oriented location. With development plans approved by the Los Angeles City Planning Commission, and a groundbreaking initially slated for 2022, the project remains a highly active and tracked entity in the city's latest development status reports.

The New Face of Koreatown: Project Profile and Key Entities

The development at 3470 Wilshire Boulevard is a landmark undertaking, often referred to in conjunction with the adjacent 3440 Wilshire site, forming a larger complex known as the Central Plaza. The project's scope is colossal, dramatically increasing the residential density and commercial vibrancy of the immediate area.

  • Address: 3470 Wilshire Boulevard, Los Angeles, CA 90010
  • Developer: Jamison Properties (Jamison Services, Inc.)
  • Design Architect: CallisonRTKL
  • Project Type: Twin-Tower Mixed-Use Residential/Commercial
  • Total Residential Units: 641 Apartments
  • Unit Breakdown: 280 units in the shorter tower; 361 units in the taller tower
  • Building Height: One tower is planned for 23 stories, making it a prominent Koreatown high-rise.
  • Commercial Space: 18,454 square feet of ground-floor retail and commercial area.
  • Former Site Use: A 12-story Class A office building and associated parking structure.
  • Strategic Context: Part of a major wave of office-to-residential conversions along the Wilshire Corridor.

The 7 Game-Changing Details of the 3470 Wilshire Development

This massive undertaking is not just about quantity; it’s about establishing a new benchmark for luxury urban living in Los Angeles. The sheer scale and strategic design choices make this one of the most significant developments in recent Koreatown history.

1. It Represents the Apex of Koreatown's Residential Boom

The 3470 Wilshire project is a flagship example of the residential surge sweeping through Koreatown. Jamison Properties, the largest commercial landlord in Los Angeles, has made a strategic pivot, converting numerous older office buildings into modern apartment complexes. This twin-tower development, with its 641 units, will alleviate some of the housing pressure in the area while simultaneously revitalizing the streetscape. The scale places it among the largest single-site developments in the entire Wilshire Corridor, signaling a profound belief in the neighborhood's long-term residential viability.

2. The Twin Towers Are Designed by Global Giant CallisonRTKL

The architectural vision for the towers comes from the internationally renowned firm CallisonRTKL. While exact, intricate details of the final design are closely guarded, renderings suggest a sleek, modern aesthetic that will contrast with the older, mid-century buildings that characterize parts of Wilshire Boulevard. The design emphasizes height and density, maximizing the use of the urban footprint and contributing to the vertical growth of the Koreatown skyline. This collaboration ensures a high-quality, globally recognized standard of design for the new residential hub.

3. A Strategic Office-to-Residential Conversion

The site previously housed a 12-story office building and a parking structure, a common setup for mid-century commercial properties in Los Angeles. The demolition of the parking structure and the conversion of the site to residential use is a powerful indicator of the current economic climate in LA—a shift away from traditional office space and toward high-density housing. This trend of office conversion is a major driver of development for Jamison, who is executing similar projects across the neighborhood, including at 3325 Wilshire Boulevard.

4. The Project’s Focus on Verdant Rooftop Amenities

High-rise residential living in Los Angeles is defined by its amenities, and the 3470 Wilshire towers are expected to deliver on this promise. Related projects by the developer indicate a focus on "verdant" elements, meaning the towers are likely to feature extensive rooftop landscaping, gardens, and communal green spaces. These rooftop amenities—which typically include pools, fitness centers, co-working lounges, and pet areas—will offer residents panoramic views of the Hollywood Hills and Downtown Los Angeles, creating a luxury retreat high above the bustling city streets.

5. A Major Boost to Ground-Floor Commercial Vitality

The inclusion of 18,454 square feet of ground-floor commercial space is critical to the mixed-use designation. This retail component is designed to activate the street level, providing essential services and dining options for both the 641 new residents and the surrounding Koreatown community. The former office building already hosted services like a dry cleaner and a restaurant, which are likely to be expanded upon in the new development, ensuring a lively, pedestrian-friendly environment along this busy stretch of Wilshire Boulevard.

6. Exceptional Transit-Oriented Development (TOD) Location

The 3470 Wilshire Boulevard address boasts an exceptional Transit Score and Walk Score, making it a textbook example of a Transit-Oriented Development (TOD). Its proximity to major Metro B and D Line stations and numerous bus lines is a key selling point for a generation of Angelenos looking to reduce their reliance on cars. The development’s location provides easy access to Downtown Los Angeles, Hollywood, and other key employment centers, integrating the residential towers seamlessly into the city’s growing public transportation network.

7. Historical Context: From Tishman Realty to Jamison

The site has a notable history, previously associated with the prominent Tishman Realty and Construction Company for foundation work back in the 1960s. The former 12-story structure was part of the post-war commercial boom that defined the Wilshire Corridor. Jamison’s current development replaces this older commercial footprint with a modern, high-density residential vision, continuing the site’s legacy as a significant piece of Los Angeles real estate history, albeit with a dramatically different function. This transition reflects the evolution of the city itself, moving from a sprawling office park to a denser, more livable urban core.

The Future of the Wilshire Corridor

The sheer scale of the 3470 Wilshire Boulevard project solidifies the Wilshire Corridor, particularly the Koreatown section, as one of Los Angeles’s most dynamic and rapidly changing neighborhoods. The twin towers, alongside other major developments like those at 3325 Wilshire and 3020 Wilshire, are transforming the area into a vertical city. This density is crucial for addressing the regional housing crisis and cementing Koreatown’s status as a vibrant cultural and residential destination. The completion of this project will not only introduce hundreds of new luxury units but will also serve as a powerful catalyst for further commercial and cultural investment in the immediate vicinity, promising a brighter, denser future for this historic LA thoroughfare.

The $300 Million Transformation: 7 Shocking Facts About the New 3470 Wilshire Blvd Twin-Tower Development
3470 wilshire blvd los angeles
3470 wilshire blvd los angeles

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