![\"Placeholder\"\/](\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2025\/10\/placeholder.png\")
<\/p>\n <\/p>\n
\n Courtesy of Jamison and Kennedy Wilson\n <\/p>\n
\n A rendering of the project, called Sky Castle\n <\/p>\n
Kennedy Wilson and Jamison plan to convert the Los Angeles World Trade Center, a 400K SF office property in Downtown, into 512 residences.<\/p>\n
The project is part of a broader effort announced Tuesday to build 4,000 affordable housing units in adaptive reuse and ground-up projects across Los Angeles.<\/p>\n
The firms did not offer details on additional projects.<\/p>\n
Phase 1 of the project will convert the building\u2019s concourse levels to 241 affordable housing units for households\u00a0earning 30% to 80% of the area median income and is set to get underway in August.\u00a0<\/p>\n
Phase 2, planned for the office tower, will add 271 affordable units. A timeline for that phase was not disclosed. The building will be renamed Sky Castle.<\/p>\n
The new\u00a0joint venture is between Jamison’s new affordable housing division, Arden Residential, and Kennedy Wilson\u2019s existing affordable housing JV, Vintage Housing.<\/p>\n
Beverly Hills<\/a>-based Kennedy Wilson acquired an equity stake in Vintage Housing in 2015. It has since grown the platform, which focused on affordable housing for working families and active senior citizens, from\u00a05,000 units to\u00a0more than 13,000 units.<\/p>\n Before the pandemic, Jamison planned to demolish part of the WTC to build a 41-story apartment tower and, as recently as 2023, was still working on entitlements<\/a>\u00a0for that project.<\/p>\n But in April, Jamison received permits<\/a>\u00a0to convert the property into 512 apartments, Urbanize LA reported. That same month, Mayor Karen Bass<\/a> toured the property<\/a>, highlighting\u00a0its use of the adaptive reuse ordinance active in Downtown.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Courtesy of Jamison and Kennedy Wilson A rendering of the project, called Sky Castle Kennedy Wilson and Jamison…\n","protected":false},"author":2,"featured_media":383357,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[154812,70320,70319,154811,48,52,51,47,50,49],"class_list":["post-383356","post","type-post","status-publish","format-standard","has-post-thumbnail","category-los-angeles","tag-garrett-lee","tag-jamison-properties","tag-jamison-services","tag-kennedy-wilson","tag-la","tag-la-headlines","tag-la-news","tag-los-angeles","tag-los-angeles-headlines","tag-los-angeles-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/383356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=383356"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/383356\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/383357"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=383356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=383356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=383356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}