12/22/2023 0 Comments F bar ktownMore than 80 percent of available space is signed, Kim said. The project was slowed by the challenges of financing and permitting, and when the downturn hit, some tenants canceled their lease agreements. Also, Chinese, Japanese and curry restaurants are about to sign leases, Kim said.Ĭonstruction cost of the four-level 100,000-square-foot mall was estimated at $34 million. Bann, a traditional Korean restaurant, will open its doors in September, before the rest of the mall is completed, and will be followed by a Korean-style pub a beer bar a wine bar an Italian restaurant a karaoke bar and the fusion restaurant Schoolfood, a Korean chain. The center will also feature a range of retail and dining choices. It will be the site of concerts, too, in the movie theaters and the mall courtyard, featuring musicians from Korea and such other Asian countries as China and Vietnam. While the downturn has hit Koreatown particularly hard due to the related slowdown in travel and investment, this project was planned five years ago, and Kim said the timing could position Madang well for the recovery. The only other movie house in Koreatown is the M Park 4 at Wilshire Boulevard near New Hampshire Avenue, which shows Korean and American films. It will show a mix of movies from Hollywood, Korea and other Asian countries. The multiplex will be run by CJ CGV, Korea’s biggest theater chain, which is opening its first American cinema. In addition to the architecture, another key component of Madang is a three-screen movie theater with 650 seats, only the second cinema in Koreatown.
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