Tuesday, January 7, 2014

Jade Enterprises' Pico Station Adjacent Apartments

A pair of CRA/LA documents have (re) revealed renderings of Onyx, a mixed-use development planned by Fashion District landlord Jade Enterprises.  The two-building project would rise on surface parking lots southeast of Metro's Pico Station, combining to create 410 apartment units and over 30,000 square feet of ground floor commercial space.  Both building would stand seven-stories, with design work from Downtown-based TCA Architects.  Jade Enterprises has used Onyx's transit adjacency to substantially reduce the project's parking component, containing just 44% of what would normally be required by code.  This section of the South Park neighborhood is in the midst of a grand transformation, with a plethora of new projects emerging and numerous stalled proposals roaring back to life.  One block east on Pico Boulevard, local super-developer Sonny Astani and Arizona-based Wolff Co. plan to break ground on the 640-unit G12 development this year.  One block north of Onyx, the Canadian-based Onni Group has multiple residential projects in the works.  Most notably, China's Oceanwide Real Estate Group recently purchased the massive Fig Central development, which would create hotel, residential and retail space across the street from Staples Center and LA Live.

Building B, at 416-440 W Pico Boulevard

Building A, located at 500-526 W Pico Boulevard

No comments:

Post a Comment