Portfolio News

Revitalizing Korea Town with the Successful Completion of the C-Mart Project

August 27,2011

The successful completion of the C-Mart project, a remarkable mixed-use development located in the vibrant Korea town neighborhood of Los Angeles, marks a significant milestone. This transformative project has revitalized the area, offering a dynamic retail space and convenient parking facilities to the community. With careful planning and execution, the C-Mart project has created a vibrant hub that meets the diverse needs of the neighborhood, contributing to the overall growth and vitality of the area.

With a total investment of USD43.3 million, the project has received significant financial backing. The developer invested USD16.3 million, while HGC, along with other limited partners, contributed USD27 million to support the successful realization of this development. HGC's investment underscores its commitment to transformative real estate ventures and its dedication to enhancing local communities. 

Construction on the C-Mart project commenced in July 2013, and the retail component was completed and grandly opened in June 2015. The project's timely completion highlights HGC's efficient execution and commitment to delivering high-quality developments that meet the needs of the community.

This successful venture further solidifies HGC's reputation as a trusted real estate investment partner, committed to creating thriving spaces that contribute to the economic growth and well-being of the communities it serves.

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