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Jamison, Arc Capital Partners JV to convert Los Angeles office building into residential apartments
Transactions - NOVEMBER 1, 2024

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Jamison, Arc Capital Partners JV to convert Los Angeles office building into residential apartments

by Released

Jamison and new joint venture partner Arc Capital Partners have started the conversion of a 13-story, 233,000-square-foot office building at 3325 Wilshire Blvd. into a mixed-use development with 236 multifamily units and 15,000 square feet of street-level community serving retail.

The joint venture has begun seismic, mechanical, electrical and plumbing upgrades to prepare the building for residential occupancy, which is expected in 18 to 24 months. Each of the efficiently sized studio, one- and two-bedroom units will be designed with contemporary finishes and layouts that optimize natural light. In addition to more than 450 subterranean parking spaces, residents will have access to a range of amenities, including a gym, yoga studio, co-working spaces, screening room, karaoke room, golf simulator, game room, and outdoor deck with lounge areas and cabanas. The ground floor lobby will feature a leasing office and retail space.

“There simply is not enough housing in Los

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