Seven months after our last update, the finish line is in sight for Emerald, local developer Jade Enterprises' latest apartment complex in Downtown Los Angeles.

The project, addressed at 1340 S. Olive Street, occupies a site along the south side of 14th Street between Olive and Hill Streets. The new seven-story building will feature 154 studio, one-, two-, and three-bedroom apartments above ground-floor retail space at completion. Two levels of basement parking sit below the new podium-type structure.

View of Emerald from 14th and OliveMVE + Partners

Designed by MVE + Partners, Emerald uses upper-level setbacks to create terrace decks for use by residents. Plans call for open spaces including a rooftop deck, a pool, and a street-level plaza. On the building's interior, plans call for a fitness center and a recreation room at ground level facing 14th Street.

Emerald is one of an increasing number of Downtown apartment buildings sitting south of Pico Boulevard, which at one point stood as the southern boundary of the neighborhood's recent development boom. The project was recently joined by a similar mixed-use project from Suncoast Ventures, which will bring 235 apartments to a site located directly east across Hill Street.

View of Emerald looking northeast from 14th and Olive StreetsUrbanize LA

The project one of a handful Downtown developments from Jade Enterprises, which previously built the nearby Onyx apartments in South Park and the Topaz apartments in the Fashion District.

Jade Enterprises is also behind plans for new housing developments the Fashion District, the Arts District, and City West, as well as projects outside of Downtown in Hollywood, Pasadena, and Marina del Rey.