|1001 S Olive Street|
It appears that nothing can put a damper on the Downtown Los Angeles apartment boom, as another new residential building is set to rise in South Park. Check out these plans that were submitted to the Department of City Planning last week:
1001 S OLIVE ST
MIXED-USE DEVELOPMENT PROJECT - 201 DWELLING UNITS AND 4126 SQ. FT. OF GROUND FLOOR COMMERCIAL
Surface parking lots in the Central City are being eaten up at a scorching pace these days. Don't get your hopes up for anything taller than seven stories, though. Hard to imagine 201 units on a lot that size translating into anything but a low rise building.
If the above image looks familiar to you, there's a good reason for that. 1001 S Olive is surrounded on all sides by parcels that are currently in the development process. Plans for a 274 unit apartment building emerged at the corner of Olympic and Grand last week. The 100 unit "Urban Village," development is set to break ground in Fall 2013 on the parking lot directly south of 1001 S Olive. Just one block to the east, Hanover's 281 unit Olympic + Hill development is already under construction.
- 7 Story Mixed-Use Development Coming to Olympic and Grand (Building Los Angeles)
- New “Urban Village” Mixed-User Will Add 100 Rentals to South Park in Downtown LA (DTLA Rising)
- Seven-Story Mixed-User Headed to Northeast South Park (Curbed LA)