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Grubb Properties has obtained a $21 mil land and predevelopment loan for the recapitalization of a 2.1-acre site in the heart of the Los Angeles’ Koreatown neighborhood. The land is fully entitled for development of Link Apartments® Kora, a planned, 241-unit mixed-use multifamily project.

Located at 1000 S. Vermont St, the seven-story Link Apartments® Kora will encompass a full city block featuring best-in-class amenities and 50.6k sf of ground-floor retail. Grubb Properties purchased the parcel in February 2022 and has performed demolition and preparation on the site, which is now shovel-ready. Vertical construction is anticipated to commence in September 2025 with completion slated for July 2028.