Eight-story, 188-unit development on the rise in Palms

Six months after breaking ground in Palms, developer a mixed-use apartment complex from developer Oakmont Capital is starting to take shape just north of the intersection of Overland Avenue and Venice Boulevard. 

The project, located on a T-shaped property with frontage at 3664-3688 Overland and 3667-3673 Keystone Avenue, consists of two podium-type apartment buildings that will feature 188 one- and two-bedroom apartments and 3,000 square feet of street-fronting commercial space at completion.  Plans also call for parking for 106 vehicles.

Oakmont's entitlements for the project include Transit Oriented Communities incentives, allowing for a larger structure than otherwise permitted by zoning regulations due to the property's location near frequent bus service.  In exchange for the bonus floor area, a total of 19 of the planned apartments will be set aside as deed-restricted affordable housing.

Designed by Reed Architectural Group, the project includes an eight-story building facing Overland and a smaller five-story edifice fronting keystone.  Architectural plans show sleek mid-rise structures with shared amenities such as a fitness center, a rooftop deck, and a swimming pool.

In addition to the under-construction project, Oakmont also plans to build housing on two neighboring sites across the street at 3547-3555 and 3565-3585 Overland. The company has also secured approvals to build a 50-unit apartment complex at the intersection of National Boulevard and Canfield Avenue.

The Overland Avenue site also neighbors The Roy, a smaller mixed-use apartment building which opened in 2018, and The Jagger, a another apartment complex with ground-floor retail space which is now under construction.

• 3664-3688 S Overland Avenue (Urbanize LA)