Five months after we last checked in, developer Bando Dela Corp. has completed vertical construction at a mixed-use apartment complex at the southern edge of Koreatown.

View of 3170 Olympic looking southeastArcheon Group

The project, located on the south side of Olympic Boulevard between Serrano Avenue and Hobart Boulevard, replaces a series of small commercial and residential buildings along the with a new seven-story edifice featuring 252 studio, one-, and two-bedroom apartments above 32,100 square feet of retail space and parking for 311 vehicles.

Bando Dela Corp. to set aside 46 of the apartments as deed-restricted affordable housing at the very low-income level, per conditions of approval imposed by the City of Los Angeles in 2019.

The apartment complex, designed by Koreatown-based architecture firm Archeon Group, is composed of five levels of wood-frame construction above a two-level concrete podium.  Planned exterior finishes include stucco and metal panels, with amenities such as a rooftop deck and a courtyard swimming pool.

Construction at 3170 Olympic BoulevardUrbanize LA

Bando Dela Corp., which is based out of an office building in Koreatown, reportedly purchased the development site with entitlements for $20.3 million in mid-2019.

The project site sits within walking distance of two additional multifamily housing developments built by Jamison Services, Inc., including a mixed-use project at 3060 Olympic Boulevard.