- Chairman Kwon Hong, Following Dubai's Eborah Tower, Expands to LA, USA... Expected to Export Korean Residential Culture
- Located in the Heart of LA Koreatown, 252 Units from Basement 1 to 8 Floors Above Ground... Completed in 2022
Kwon Hong-sa, chairman of Bando Construction, presents 'THE BORA 3170,' a residential-commercial complex apartment located in the heart of Koreatown, Los Angeles, USA.
Chairman Kwon Hong-sa of Bando Construction, which celebrates its 50th anniversary this year, is unveiling ‘THE BORA 3170,’ a large-scale Korean-style luxury residential and commercial complex apartment located in the heart of Koreatown, Los Angeles, USA. This marks the company’s entry into the overseas housing market nine years after the successful completion of the ‘Dubai U-Bora Tower’ project in 2011.
Although the US construction market has posed high entry barriers for Korean construction companies due to stringent permits and administrative procedures, Chairman Kwon Hong-sa of Bando Construction, who has been closely watching the US construction market where a second construction boom is emerging thanks to major development prospects such as the 2028 Olympic Games, personally visited several regions including LA, San Francisco, and New York to thoroughly review market infrastructure, permits, administrative procedures, and business feasibility, ultimately selecting LA for the company’s first project in the US.
Until now, some domestic construction companies that entered the US market often engaged in simple development projects or sold land and left. Therefore, the industry is paying attention to Chairman Kwon Hong-sa’s leadership and drive, as Bando Construction is directly leading land acquisition, permits, construction, and supply.
Bando Construction has used the project name ‘THE BORA’ to continue the reputation of the ‘Bando U-Bora’ brand even in the US, and plans to present a landmark residential and commercial complex apartment in the LA housing market by applying Bando Construction’s core technologies, which combine Korea’s advanced housing construction technology and cutting-edge construction methods.
‘THE BORA 3170’ presented by Bando Construction (Chairman Kwon Hong-sa) consists of a total of 252 units from basement level 1 to the 8th floor above ground, located at 3170 W. Olympic Blvd, LA, CA 9006, in the heart of LA.
‘THE BORA 3170’ by Bando Construction is located at 3170 W. Olympic Blvd, LA, CA 9006, in the center of LA. It consists of one basement floor and eight above-ground floors with a total of 252 units. Various commercial facilities within the complex, outdoor swimming pool, barbecue area, fitness center, lounges on each floor, and various relaxation spaces and convenience facilities are planned. The location is also highly rated as it is situated in the heart of LA Koreatown, just 10 minutes east to Downtown, 15 minutes west to Beverly Hills, and 10 minutes north to Hollywood. The nearby Highway 110 also provides excellent transportation links to surrounding areas.
Multi-family housing in LA typically has fewer than 100 units on average, and most are over 30 years old. News of a large-scale new apartment complex being built has attracted significant interest from local residents.
A Bando Construction official stated, “The ‘THE BORA 3170’ residential and commercial complex project, which will be built as a landmark in LA Koreatown, is expected to present a new success model for Korean construction companies in the US following the completion of the Dubai U-Bora Tower,” adding, “We will continue to pioneer overseas business opportunities using the Bando U-Bora brand by discovering high-quality project sites.”
Meanwhile, ‘THE BORA 3170’ is scheduled for completion in May 2022.
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