Thursday, December 26, 2013

Meet South Park's Newest Tower: 801 Olive Street

801 Olive Street.  Image from GMP Architects and Carmel Partners.

San Francisco based Carmel Partners made headlines when they restarted the 8th and Grand development, and now they have plans to give their 700-unit monolith a glassy high-rise neighbor.  801 Olive Street, which was first spotted moving through City Planning back in October, would stand 27-stories and approximately 317 feet tall.  The GMP Architects designed tower would contain 363 apartments and 10,000 square feet of ground level commercial space.  Residential units would rise above a five-story parking podium, which stretches south from the intersection of 8th and Olive Streets.  801 Olive would feature an accessible rooftop, offering residents an outdoor pool, a fire pit, and a lounge with spectacular views of the Downtown skyline.  Other amenities include a landscaped courtyard and a fitness center, both located atop the 389-car garage.  While critics will almost certainly point out the conspicuous podium, 801 Olive does offer a reasonable 1:1 ratio between residential units and parking spaces.  Slowly but surely, developers are figuring out that people actually will walk in LA (and pick up a $250 jaywalking ticket in the process).  Carmel Partners' newest project sits at the center of South Park's recent development boom, with several other mixed-use projects under construction nearby.  Hollywood based CIM Group also has a residential tower in the pipeline at the northeast corner of 9th and Hope Streets, although a timeline for that project has yet to be specified.

Overhead view from the southeast.

801 Olive Street's northern profile.