The Developer Supplying K-Town’s Luxury Demand

LOS ANGELES—Century West Partners has topped off Next on Sixth, a 398-unit luxury apartment complex in Koreatown. The property is the latest luxury development in Koreatown from Century West Partners, which was also behind the luxury 400-unit K2LA complex last year. The developer has been a major player and believer in the Koreatown for decades and says that the market has high demand now for luxury living.

“We have been active in the Koreatown community for quite sometime. Cyprus Equity Investments, [my earlier company], was initially involved in making investments in Koreatown since 2001, and in this cycle, we have been very active since 2010 and 2011 through the Century West brand building class-A multifamily throughout Koreatown,” Michael Sorochinsky, co-founder of Century West Partners, tells GlobeSt.co. “We have our K2LA project, which is 470 units. We started on this project a few years ago. Koreatown is such a vibrant neighborhood. It has triple the density of Downtown L.A. It is a perfectly located spot, and there is huge demand for units in Koreatown. For us, it is exciting to be able to deliver the types of units that are in high demand.”