Here's a better look at the KTGY Group's design for the proposed Olympic & Olive mixed-use development, with credit to the Downtown LA Neighborhood Council's Planning and Land Use Committee. The seven-story project from Lennar Multifamily Investors would contain 201 apartments and just over 4,000 square feet of ground floor retail to South Park. Not to mention a reasonably sized 228 car underground garage, supplemented by 221 bike parking spaces. As mentioned in previous coverage of this project, Olympic & Olive would fall just inside the eastern boundary of Councilman Jose Huizar's proposed interim control ordinance prohibiting wood-frame construction. Adoption of the ICO would prevent Lennar from moving forward with the project as currently designed.
- Meet Olympic and Olive (Building Los Angeles)
- 1001 S Olive Presentation (DLANC)
I've heard these developments would be "grandfathered in" so they would not have to adhere to the new ordinance.
ReplyDeleteI suspected that might happen. Based on an article in next week's Downtown News, it looks like you are correct.
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