57-Story Olympic Tower Project Plans In South Park Given Green Light By LA City Council

Plans for the DTLA mixed-use tower have been in the works since 2014
Olympic Tower Project Rendering 1
Rendering: Official
Listen To This Post

The Los Angeles City Council last week voted to give approvals to plans by Neman Real Estate Investments for a 57-story mixed-use skyscraper at the northwestern corner of the intersection of West Olympic Boulevard and Figueroa Street.

Sign up now to get our Daily Breaking News Alerts

  • This field is for validation purposes and should be left unchanged.
Opt out at anytime

Planned since 2014, the development will replace the Downtown Car Wash property at 811 W. Olympic Blvd. in Downtown Los AngelesSouth Park neighborhood with a new high-rise building holding 374 condominium units and 373 hotel rooms, among other features.

Approvals given unanimously by city council members earlier this month include a vote to sustain a determination by the Los Angeles City Planning Commission to certify an environmental impact report for the project, as well as a vote to approve a transfer of floor area rights from the Los Angeles Convention Center. The decisions follow the withdrawal of an appeal filed against the proposed project by UNITE HERE Local 11.

Along with hundreds of residential units and hotel rooms, plans call for up to about 65,000 square feet of retail and other commercial space. The project will include about 33,500 square feet of office space and 10,800 square feet of hotel conference center and ballroom space.

Within the residential component, the building will hold 24 studio units, 200 one-bedrooms, 64 two-bedrooms, 56 two-bedroom penthouse units, and 30 three-bedroom two-story penthouse units. The DTLA skyscraper will also contain about 8,500 square feet of condo amenities and nearly 10,000 square feet of penthouse amenity spaces.

The project will include 883 parking spaces between a subterranean parking garage directly beneath the building and eight levels of above-ground parking within the podium level of the building.

Designs for the Olympic Tower project are being led by project architect Nardi Associates and landscape architect AHBE Landscape Architects, plans show.

Project Site: Official
Rendering: Official
Rendering: Official
Rendering: Official
Rendering: Official
Rendering: Official
Rendering: Official
Rendering: Official
Rendering: Official
Rendering: Official
Rendering: Official
Rendering: Official
Rendering: Official
Rendering: Official
Rendering: Official
Rendering: Official
Rendering: Official
Dean Boerner

Dean Boerner

Dean Boerner is a California-based writer previously with Bisnow and the San Francisco Business Times. He received his bachelor's degree in economics and business from Saint Mary's College of California, where he also served as the editor-in-chief of The Collegian, the school's campus newspaper. Before that, he spent two years as the publication's sports editor, and he remains a committed fan, for better or worse, of his Sacramento Kings, San Francisco Giants, and Saint Mary's Gaels.
0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Related Posts

Pin It on Pinterest