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
Codes and Standards | Apr 6, 2015
Industry groups petition for change order reform on federal projects
Nine design and construction associations ask for assurance that funds available for additional work.
High-rise Construction | Apr 6, 2015
Melbourne tower will light up depending on weather
The tower will be illuminated by 164-foot-tall beams of LED light based on weather updates from the Bureau of Meteorology.
BIM and Information Technology | Apr 3, 2015
French startup develops drone camera that overlays video with 3D images
The new drones can capture video and overlay the shot results with 3D images and augmented reality remotely.
Libraries | Apr 2, 2015
6 award-winning libraries showcase next-gen design strategies
The new Cedar Rapids Public Library and the restored Slover Library in Norfolk, Va., are among six breakthrough projects honored with 2015 AIA/ALA Library Building Awards.
Contractors | Apr 1, 2015
ABC: Nonresidential construction spending flat in February
The Associated Builders and Contractors forecasts a robust nonresidential construction spending recovery in 2015, despite an underwhelming start.
Office Buildings | Apr 1, 2015
IBM's supercomputer Watson finds new home in Manhattan's Silicon Alley
The new headquarters for the former Jeopardy champ was conceived as a showcase for Watson’s capabilities, and as an inspirational workspace for Millennials and idea generators of all ages.
Sponsored | Fire and Life Safety | Apr 1, 2015
Radiant Heat: The Invisible Killer
Where there’s smoke, there’s fire. Where there’s fire, there’s the deadly threat of radiant heat.
Modular Building | Mar 31, 2015
Phoenix apartment complex will be made from recycled shipping containers
The eight-unit complex, called Containers on Grand, was inspired by the need for affordable and sustainable housing near the city's core.
Cultural Facilities | Mar 31, 2015
Pratt Institute to offer first-ever degree in placemaking
As part of its new Urban Placemaking and Management degree, Pratt will offer courses on topics such as "the history and theory of public space" and the "economics of place."
Architects | Mar 30, 2015
Q+A with Arthur Gensler, and advice from his new book
"Designers need to be trained to solve their clients’ problems through design while leading their own firms to become sustainable practices," says Gensler.
