A Koreatown property once slated for redeveloped with senior housing will instead be folded into a new mixed-use apartment complex, per an application submitted earlier this month to the Los Angeles Department of City Planning.

The proposed project, which would rise from an L-shaped property located at 3377 W. Olympic Boulevard, calls for the construction of a new seven-story edifice featuring 153 one-, two- and three-bedroom apartments above 5,000 square feet of ground-floor commercial space and 219 parking stalls located at-grade and in two subterranean levels.

3377 Olympic BoulevardGoogle Street View

Project applicant Bando Dela Corp. is requesting the approval of Transit Oriented Communities incentives permitting a larger structure than allowed by zoning rules. In exchange, 16 of the apartments would be set aside as deed-restricted affordable housing at the extremely low-income level.

Los Angeles-based architecture firm Andmore Partners is designing the building, which would have frontage on both Gramercy Drive and St. Andrews Place. Renderings depict the project as a contemporary podium-type building named "The Bora." Architectural plans show an exterior of plaster, wood siding, cement, and corrugated metal, as well as amenities including a rooftop terrace, a podium deck, and recreation rooms.

Urban Commons, the developer which previously controlled the site at Olympic and Gramercy, had proposed five years ago to build a 146-unit senior housing complex on the site. The company has since filed for bankruptcy, giving up its Los Angeles area projects - including a proposed entertainment complex flanking the Queen Mary in Long Beach.

3377 Olympic BoulevardGoogle Maps

The Bora is not Bando Dela Corp.'s first rodeo on Olympic Boulevard, either. The company is now building a 252-unit apartment complex a short distance away on Hobart Boulevard.

The project site also sits just west of the intersection of Olympic and Manhattan Place, where Jamison Services recently broke ground on a similar mixed-use project which will feature 118 apartments above ground-floor commercial space.