A presentation to the Downtown Los Angeles Neighborhood Council's Planning and Land Use Management Committee offers a first look at a proposed mixed-use high-rise building at 11th and Olive Streets.
Mack Real Estate Development, the company behind the project, is seeking approvals to redevelop a surface parking lot at the southwest corner of the intersection with a 51-story residential tower. Plans call for 536 studio, one-, two-, and three-bedroom dwellings above 4,178 square feet of ground-floor commercial space. Parking for 587 vehicles would be provided on six subterranean levels and three podium levels.
CallsonRTKL is designing the tower, which would rise to a sloping rooftop roughly 606 feet above ground level. Plans call for an exterior of glass and metal, with a large amenity deck placed atop the building's podium, and several smaller terraces located on its upper floors.
The tower would mask portions of its above-grade parking podium along Olive Street with habitable spaces and amenities. Along Margo Street - the alley to the east - a proposed mural would overlook the South Park Commons courtyard built by Mack Real Estate in 2019.
Construction of the tower will require the approval of a transfer of floor area rights by the City of Los Angeles.
The project is the latest installation in an "urban village" first announced by Mack Real Estate in 2014, which is already partially built out through the Wren Apartments on Pico Boulevard and the Aven apartment tower at 12th Street and Grand Avenue. Other proposed developments within the plan include a Hyatt hotel slated for the intersection of 12th and Olive, and a 60-story tower slated for the opposite corner of 11th and Olive.
Other developers with high-rise projects in the near vicinity include Crown Group, which is planning a hotel and condominiums at the intersection of 11th and Hill Street. Crescent Heights is also seeking approvals to build a 70-story apartment tower directly across the street from the Mack Real Estate development site.