On Friday, Mar 22, 2019, Atlas Capital Group, a New York-based real estate company, got the green light to build five seven-story apartment buildings across from a Metro Gold Line light rail station.
The property is currently a vacant lot. Chinatown College Station is in a prime spot, sitting across from the new 32-acre Los Angeles State Historic Park and not far from the much larger Elysian Park.
The Los Angeles City Council changed the zoning for the site and approved the environmental review for the project, which is expected to house seven or eight shops or restaurants, as well as a grocery store.
Sources:
http://www.atlas-cap.com/portfolio/chinatown-station/
https://ktla.com/2019/03/22/l-a-city-council-approves-725-unit-apartment-project-in-chinatown-amid-gentrification-fears/
https://www.latimes.com/local/lanow/la-me-ln-chinatown-apartments-gentrification-20190322-story.html