Miami-based developer Crescent Heights is pushing forward with its plan to construct a 70-story tower in Downtown Los Angeles, and has published new renderings for the project.
The project, which would replace a one-story commercial building at 1045 S. Olive Street, would consist of an 810-foot-tall building featuring 794 rental apartments above 12,504 square feet of ground-floor commercial space. Plans also call for an on-site parking structure featuring six subterranean levels and eight above-grade levels wrapped with habitable space.
The design by New York-based architecture firm ODA incorporates elements of Mid-Century Modern homes common to Los Angeles, incorporating floor-to-ceiling windows and cantilevered balconies. Additionally, landscaped open space is planned throughout the tower, including podium and roof decks, as well as spaces cut into the side of the tower.
According to the 1045 Olive development's initial study, construction of the tower could begin as soon as 2019. Completion would occur by 2023.
The project has been accepted as part of the State of California's ELDP program, which expedites environmental lawsuits for projects budgeted at $100 million or more.
The project on Olive Street will be neighbored by similarly tall towers located to the south across 11th Street, including 60- and 52-story projects from Mack Urban and a 52-story development linked to an Australian firm.
- 1045 S. Olive Street Archive (Urbanize LA)