The Go for Broke National Education Center is a nonprofit that maintains the Go for Broke Monument in Little Tokyo, which honors Japanese-American World War II veterans. The GFBNEC is now also entering the development game, with plans for a major expansion. This week, the office of 14th District City Councilman José Huizar announced that the city has approved awarding a long-term ground lease for a plot on First Street just north of the monument to the nonprofit. Plans call for building a five-story mixed-use transit-oriented development, with low-income housing for veterans, as well as exhibition and commercial space.

“It’s truly a win-win for the City of Los Angeles, Little Tokyo and GFBNEC,” Dr. Mitchell T. Maki, GFBNEC’s CEO and president, said in a prepared statement. “We also will be building much-needed housing for the area, which will be located in the heart of Little Tokyo’s unique mix of historic and cultural institutions.”

The project will include public green space and will be within walking distance of the Arts District/Little Tokyo Metro rail station. No budget or timeline has been announced. “Go for Broke” was the motto of the 442nd Regimental Combat Team, a segregated Army unit composed of Japanese Americans from Hawaii and the mainland.