Local real estate developer Helio has started excavation and shoring for its latest multifamily residential complex in Palms.

Excavation begins at 3577 Overland AvenueUrbanize LA

The latest project, named Arya, will rise from a block-long site at 3565-3585 S. Overland Avenue, spanning from Charnock Road in the south to Tabor Street in the north. Plans approved by city officials in 2020 call for the construction of seven-story edifice featuring 119 apartments atop 2,000 square feet of ground-floor retail space and 126 parking spaces located at-grade and in one basement level. 

The project was entitled using Transit Oriented Communities development incentives to permit a larger structure than allowed by the property's base zoning. In exchange, Oakmont will be required to set aside 11 of new studio, one-, and two-bedroom dwellings as affordable housing.

Reed Architectural Group is designing the apartment complex, according to city records. An image posted to a landing page on the Helio website depicts the building as a contemporary low-rise structure clad in metal and stucco.

3565-3585 S. Overland AvenueGoogle Maps

Helio, formerly known as Oakmont Capital, is also developing two additional mixed-use projects at neighboring sites along Overland Avenue, one of which is nearly fully framed on the opposite side of the street.

A similar project called The Jagger is now under construction directly across Overland, and another called The Roy was completed on an adjacent site in 2018.