New seven-story mixed use development planned for Vermont and Olympic

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Yet another large residential development may be on the way to Koreatown. An environmental report published by the Los Angeles Department of City Planning last week details a seven-story project planned for the southeast corner of Vermont Avenue and Olympic Boulevard.

The proposed building would replace an existing gas station, along with a medical office building and an apartment complex with 32 units. The new development would include 228 units of housing (whether they would be condos or rental units isn’t clear yet) and 53,498 square feet of commercial space.

563 automobile parking spaces and a total of 310 bicycle spaces would be housed in a subterranean garage.

Renderings of the proposed complex show it would have a boxy, colorful facade, with plenty of balcony space for residents. Building amenities would include a swimming pool, fitness room, terrace garden space, and a multipurpose room.

If the new development is approved, construction could begin on the project by the end of 2018, with work finishing up midway through 2020. It’s one of at least 40 other major projects planned in bustling Koreatown.

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