Koreatown-based family developer Jamison Properties LP recently began the conversion of a 13-story, 233,000-square-foot office building in Koreatown into a mixed-use housing development, officially commemorating the company’s 10th adaptive reuse project.

Jamison, which manages 18 million square feet of commercial real estate throughout Southern California, is partnering with Arc Capital Partners, a privately held institutional real estate investment manager, on the redevelopment.

Once completed, the mixed-use development will feature 236 units of housing and 15,000 square feet of street-level retail.

“There simply is not enough housing in Los Angeles to meet the demand, especially in Koreatown, as new residents from other parts of Los Angeles see the value in living in a 24/7 live/work/play environment in the heart of the city,” Jamison Chief Executive Jaime Lee said in a statement. “We are thrilled to partner with like-minded firms like Arc Capital Partners who understand that the best, most efficient way to bring more units to Los Angeles is through breathing new life into underutilized office buildings and turning them into beautiful, desirable and sustainable apartments.”

The project is located at 3325 Wilshire Blvd.Planned amenities include a gym, yoga studio, coworking spaces, screening room, karaoke room, golf simulator, game room and outdoor deck.

The project is being financed through a $60 million taxable multifamily housing revenue bond.