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Hollywood-based developer Relevant Group has plans for a 19-story, 329-unit mixed-use building to rise in Downtown Los Angeles‘ South Park neighborhood near the northwestern corner of the South Olive Street and West 9th Street intersection, documents filed with the city of Los Angeles this month show.
The Gensler-designed project would replace a surface parking lot at 842 – 846 S. Grand Ave. and 845 S. Olive Street with a new approximately 255,000-square-foot, 228-foot-tall apartment building with 5,300 square feet of retail space. Requested approvals include the elimination of required parking for residential uses, with the development team saying in application documents that the proposed project is “located within an amenity-rich neighborhood and is less than a quarter mile from the Metro Center Station in downtown, providing access to Metro’s Red, Purple, Blue and Expo Lines.”
Application filings also say floors four and above would contain modular residential dwelling units. Also involved in plans for a volumetric modular housing project in West Adams, Relevant Group is the parent company of RMOD Modular, an off-site construction management company.
The company’s new South Park apartment building would include 75 studios, 194 one-bedrooms, and 60 two-bedrooms, with 36 units reserved for very low-income households, plans show. Studios would average 347 square feet in size, ones 397 square feet, and twos 670 square feet.
Most of the retail space within the project would come in a two-floor area fronting Olive Street, with a smaller retail space proposed along Grand Avenue.
The community would also provide almost 30,000 square feet of common open space. Plans call for amenities including fitness and co-working rooms, roof decks, a pool and spa, and lounge areas.
Plans also call for one level of underground parking with space for 14 automobiles and 161 long-term bicycle spaces.
Also involved in the proposed development is land use consultant three6ixty, plans show.
Also the developer behind a 15-story proposal for about a mile northeast of 845 South Olive, Relevant Group is currently in escrow to purchase the 25,507-square-foot project site for 845 South Olive from Heart Olive LLC, a company managed by Farzin Aghaipour, according to planning documents and state business filings.