 |
| Olympic & Olive |
The Hanover Company already has two mixed-use developments in the works along Olympic Boulevard, but three makes a party. According to a presentation given to the DLANC, the Texas-based developer intends to build another seven-story apartment building adjacent to their under-construction Olympic and Hill development. Dubbed Olympic & Olive, Hanover's newest project would create 263 apartments and 14,500 square feet of ground floor retail space. The building would sit above a two-and-a-half level underground parking garage, with room for just 250 vehicles. With less than one automobile space per residential unit, Olympic & Olive joins several other upcoming developments in utilizing the city's bicycle parking ordinance to cut down on costly automobile accommodations. If you feel like you've seen these renderings before, there's a reason for that. Like Hanover's other South Park developments, Olympic & Olive was designed by Downtown-based Thomas Cox Architects. Adding to the confusion, there is another mixed-use project named Olympic & Olive planned on the opposite side of the intersection. The other Olympic & Olive, to be developed by Florida-based Lennar Multifamily Investors, would stand six stories and contain 201 apartments. Cookie-cutter designs and confusing naming schemes aside, 2014 is shaping up to be South Park's biggest year ever.
