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LA Developer Bets on Vacant Chinatown Parking Lot for Mixed-Use Project

Proposed Apartment Complex in LA's Chinatown Would Add More Than 400 Units to Booming Market
The proposed Chinatown project would join the roughly 4,000 units under construction in nearby downtown Los Angeles. (Getty Images)
The proposed Chinatown project would join the roughly 4,000 units under construction in nearby downtown Los Angeles. (Getty Images)
CoStar News
November 2, 2021 | 9:27 P.M.

A local developer plans to convert a parking lot north of downtown Los Angeles into apartments and commercial space, seeking to take advantage of a surrounding multifamily market rebounding from its pandemic slump.

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