KTGY Group announced that construction is under way on Olympic & Olive, a new 201-unit mixed-use rental community in downtown Los Angeles, developed by Miami-based Lennar Multifamily Communities. Designed by KTGY, the contemporary 1.08-acre development is located in the South Park neighborhood on the southwest corner of Olympic Boulevard and Olive Street and is Lennar’s first project in Downtown Los Angeles. Olympic & Olive is slated for completion in summer 2016.
The new urban residential community at 1001 S. Olive Street will offer open floor plans consisting of 64 studios, 109 one bedroom units, and 28 two-bedroom units, ranging in size from approximately 500 square feet to 1,100 square feet.
"This development continues the trend of more residential units in the historic downtown LA core," said KTGY Principal David Senden. "Like most developments downtown these days, we’re focusing on Gen Y and their preferences."
According to Senden, the amenity spaces in this residential community will be special. "With a big clubroom space spilling out to a beautiful pool and sundeck on level three and a roof terrace and outdoor kitchen at level seven, there are a host of gathering places and interesting spots to entertain or relax. The ground floor level has 4,000 square feet of retail targeted for a restaurant that will cater to this demographic," Senden said.
The development also features 12 two-story "loft-style" apartment units on the ground floor along Olive Street that feature individual walk-up entries with direct access from Olive Street, private patios, and landscaped courtyards. Access for the residential units will be located on the east side of the community along Olive Street and will flow into the residential lobby for residents and visitors. Also on the ground floor are the leasing office, residential elevator lobby, mail room, bicycle storage area.
"Unlike other developments, the community offers townhomes running along Olive Street, allowing residents to have direct access from the sidewalk," said Senden. "In addition to the restaurant space, these townhome units will hide the parking garage and make for a friendly pedestrian experience."
The third level features a lushly-landscaped central courtyard along Olive Street that includes a pool, spa and seating areas, two additional courtyards, and two large resident amenity spaces, including a 1,500- square-foot fitness center.
"An extensive use of different varieties of metal on the skin of the building will set this building apart from other buildings of this type downtown that rely primarily on stucco as their cladding material," said Senden. "Oversized curtains on the exterior of the amenity's space add a bit of whimsy along with shading the large expanses of glass from the southerly sun."
Overall, the project design includes nearly 22,000 square feet of open space. Two above-grade levels of parking and one subterranean level are planned, providing a total of 228 spaces. The community will also have parking for 221 bikes.
“Really, it’s all about lifestyle. Even though this development is located in the heart of downtown, we want residents to feel like they have a respite from that hustle and bustle when they get home. It should be their sanctuary,” said Senden.
Related Stories
Great Solutions | Aug 23, 2016
11 great solutions for the commercial construction market
A roll-up emergency department, next-gen telemedicine center, and biophilic cooling pods are among the AEC industry’s clever ideas and novel innovations for 2016.
| Aug 19, 2016
RECONSTRUCTION GIANTS: Facelifts give buildings new identities, even as they keep a few wrinkles
Reconstruction is always a balancing act between the client’s pro forma and what the building needs to be vibrant again.
| Aug 19, 2016
Top 130 Reconstruction Architecture Firms
The Beck Group, Stantec, and IMC Consruction top Building Design+Construction’s annual ranking of the nation’s largest reconstruction sector architecture and A/E firms, as reported in the 2016 Giants 300 Report.
| Aug 18, 2016
LOCAL GOVERNMENT GIANTS: A ranking of the nation’s top design and construction firms in local sector work
HOK, Stantec, Turner Construction Co.,Clark Group, AECOM and STV top Building Design+Construction’s annual rankings of the nation’s largest local government sector AEC firms, as reported in the 2016 Giants 300 Report.
| Aug 18, 2016
STATE GOVERNMENT GIANTS: A ranking of the nation’s top design and construction firms in state sector work
CannonDesign, Stantec, Turner Construction Co.,Mortensen Construction, WSP | Parsons Brinckerhoff and AECOM top Building Design+Construction’s annual rankings of the nation’s largest state government sector AEC firms, as reported in the 2016 Giants 300 Report.
Hotel Facilities | Aug 17, 2016
First of its kind tri-branded Marriott hotel under construction in downtown Nashville
The hotel will combine the AC Hotels, Residence Inn, and SpringHill Suites brands.
University Buildings | Aug 16, 2016
New images of Rice University’s Moody Center for the Arts revealed by Michael Maltzan Architecture
The arts center will foster creativity for making and presenting works across all disciplines
Designers | Aug 16, 2016
CCDI, Morphosis, and Diller Scofidio + Renfro are among ten finalists vying for Chinese Eco-Island design
The winning firm will design the master plan and central buildings for the man made Haikou Bay island.
Mixed-Use | Aug 16, 2016
Goettsch Partners completes mixed-use tower in R&F Yingkai Square
The 66-story building is now the 7th tallest completed building in Guangzhou.
| Aug 15, 2016
SPORTS FACILITY GIANTS: New and renovated college sports venues - designed to serve students and the community
Schools are renovating existing structures or building new sports facilities that can serve the student body and surrounding community.