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KOR DEVELOPMENT UNVEILS THE KOR COLLECTION

Boutique Hotel Developer Now Offers Ultra-Modern Loft Condominiums at Premiere Urban Addresses

Los Angeles, CA -- Known for its distinctively designed and trendsetting hotels such as the Avalon and Viceroy Santa Monica, Kor Development has applied this same expertise to its new line of premiere residential properties, known as the Kor Collection. The Kor Collection includes the landmark Zig-Zag Moderne Eastern Columbia in downtown Los Angeles, the creative Molino Street Lofts in the Downtown Arts District; the sophisticated Broadway Hollywood at Hollywood and Vine - a well-known Hollywood gem; and the cutting-edge Sunset Silver Lake in the heart of Sunset Junction.

EASTERN COLUMBIA

Located in the heart of downtown, Eastern Columbia is perfect for those who want to feel the pulse of Los Angeles' revitalized downtown and come home to an urban oasis.

"The restoration of this beautiful 1930 Zig-Zag Moderne gem into luxury homes will create a distinctive new community right in the heart of the Fashion District and the Historic Core," said Kimberly Lucero, Vice President, Sales and Marketing.

Inside Eastern Columbia's loft residences, windows stretching up to 14 feet frame vibrant city views. The living spaces, once fashionable showrooms, will become vivid backdrops for relaxation, work and leisure. Newly constructed kitchens and baths feature premium appointments made even more luxurious by appliance, fixture and finish upgrade options. Technological updates, including high-speed Internet access and digital climate control, promise comfort and easy connectivity.

These gracious interiors are the product of Kelly Wearstler Interior Design (KWID), whose designs for hotels and resorts as well as residences and offices, receive international attention. The 147 light-filled lofts range from 881 to 3,208 square feet, some with 14 ft. ceilings. The new Eastern Columbia will offer a rooftop pool deck, leisure terrace and fitness studio. The meticulous restoration will also include tile flooring, windows, gold trim and many other details.

Sales for Eastern Columbia are conducted a few blocks away at the new Kor Residential Collection Sales Showroom in the Pegasus building at Wilshire Boulevard and Flower Street (612 S. Flower Street). For more information, please call (213) 488-0600 or visit visit www.koratlas.com

MOLINO STREET LOFTS

The Kor Collection's Molino Street Lofts, at 500 and 530 Molino Street are authentic artist lofts - located in the heart of downtown's Arts District. Created from vintage 1920s warehouses, their adaptable open floorplans range from 896 to 3,716 square feet, with ceilings up to 14 feet. Each residence offers classic architectural details with select spaces featuring original brick walls, skylights, wood beams and polished concrete floors. For more information contact Molino Street Lofts at (213) 620-9650 or visit www.koratlas.com

BROADWAY HOLLYWOOD

Hollywood and Vine is immortalized as the classic crossroads of glamour and excitement, and Kor Development is bringing this sophistication and magic to the 21st Century by re-fashioning the 1920s-era former Broadway Department Store into 96 units of gracious loft living. Residents will walk the same halls as Howard Hughes, who used the top floor of the building as his personal office.

Homes at the Broadway Hollywood range from 931 to 1,999 square feet and offer sweeping views of the Capitol Records building, Pantages Theater and beyond Hollywood to the Los Angeles basin. For more information on Broadway Hollywood please visit www.koratlas.com

SUNSET SILVER LAKE

The Silver Lake neighborhood has recently emerged as a hub of creative energy where progressive residents and businesses flourish. Kor Development has reinforced the area's diverse character with Sunset Silver Lake. This award-winning collection of live-work condominiums near Sunset Junction offers a new alternative to owning creative space in the heart of the city. Considered an innovative concept for its design and use of its location, the building earned a 2005 Honor Award from the American Institute of Architects. Sunset Silver Lake offers 43 homes ranging from 912 - 1,823 square feet. The first units will be available for sale in August, 2005 with closings to follow in the summer of 2006. For more information please visit www.koratlas.com

An innovative presence in the real estate and travel industries, Kor Development is redefining the concept of home with its distinctive hotel and residential properties. Every Kor project reinterprets the modern-day environment, blending the comforts of home, business necessities and leisure amenities in unique settings. Starting with Beverly Hills' Avalon Hotel in 1998, Kor continues to craft a rare array of boutique hotels consistently singled out for praise in such influential publications as CondeNast Traveler and Travel + Leisure.

That success extends to the residential projects of the Kor Collection. Respect for the historic character of landmark buildings and their local legacies guides Kor's redevelopment approach; insight into modern residents' desires for a luxurious yet relaxed lifestyle underscores the design process. The result: personal spaces at sought-after addresses, rich in classic and vintage elements, up-to-the-moment conveniences and inspired interior design.



1212 South Flower Street   Suite 500   Los Angeles, CA 90015   T 323 930 3700   F 323 930 3701