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
| Jan 16, 2015
Artsy lifeguard stations will brighten Toronto’s snowy beach
Five winning designs have been unveiled for lifeguard stands that will double as public space art installations on Toronto's beach.
| Jan 16, 2015
New York City construction costs continue to climb
A study released by the New York Building Congress shows that construction costs in Manhattan have risen 5% in each of the last two years.
| Jan 15, 2015
A reconstructed Taliesin West is the largest Frank Lloyd Wright LEGO Model [slideshow]
Artist Adam Reed Tucker used 180,000 LEGO pieces and 420 hours of work to recreate Frank Lloyd Wright's Taliesin West campus.
| Jan 15, 2015
Construction materials prices fall in November
Construction input prices dipped 1.4% during the final month of 2014 and are down nearly 1% on a year-over-year basis, according to the Jan. 15 producer price index release from the U.S. Department of Labor.
| Jan 15, 2015
Libeskind unveils 'zig zag' plan for recreational center near Vilnius ski area
Perched on the highest peak between Vilnius' historic quarter and downtown, the Vilnius Beacon will be a hub for visiting skiers and outdoor enthusiasts.
| Jan 15, 2015
Illustrations capture essence of Aalto, Ando, Hadid, Foster, and other famous architects [slideshow]
The illustrations are Federico Babina's abstract interpretations of the styles of famous architects, from Frank Lloyd Wright to Bjarke Ingels.
| Jan 14, 2015
10 change management practices that can ease workplace moves
No matter the level of complexity, workplace change can be a challenge for your client's employees. VOA's Angie Lee breaks down the process of moving offices as efficiently as possible, from creating a "change team" to hosting hard-hat tours.
| Jan 13, 2015
Steven Holl unveils design for $450 million redevelopment of Houston's Museum of Fine Arts
Holl designed the campus’ north side to be a pedestrian-centered cultural hub on a lively landscape with ample underground parking.
| Jan 12, 2015
23 projects win AIA's highest architecture award
Bjarke Ingels' Danish Maritime Museum and William Rawn's Cambridge Public Library are among the winning projects.
| Jan 9, 2015
Santiago Calatrava talks with BBC about St. Nicholas Church on Ground Zero
Calatrava reveals that he wanted to retain the “tiny home” feel of the original church building that was destroyed with the twin towers on 9/11.
