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
| Jul 31, 2012
Thornton Tomasetti announces four promotions in Chicago office
Promotions in Thornton Tomasetti office key on industy veterans.
| Jul 25, 2012
EwingCole adds healthcare director to D.C. office
Schultz brings over 25 years of proven experience in planning and designing healthcare, medical research, and government medical facilities.
| Jul 25, 2012
Contract awarded for Gaillard Municipal Auditorium renovations in Charleston, S.C.
Seeking LEED Silver certification, the project will begin in August and is slated for completion in December 2014.
| Jul 24, 2012
Boyer joins Thornton Tomasetti as vice president in New York office
Boyer will support Thornton Tomasetti’s Building Performance and Property Loss Consulting practices in the East U.S. region as well as nationally.
| Jul 24, 2012
Dragon Valley Retail at epicenter of Yongsan International Business District
Masterplanned by architect Daniel Libeskind, the Yongsan IBD encompasses ten city blocks and includes a collection of high-rise residences and commercial buildings.
| Jul 23, 2012
Venturi Scott Brown and Associates Becomes VSBA, LLC
After over fifty years as one of the world’s most renowned architects, Bob Venturi has retired from practice, while Denise Scott Brown continues to publish and present her work.
| Jul 23, 2012
Giants 300 Firm Index 2012
An alphabetical index of the Giants 300 AEC firms and their ranking in specific categories.
| Jul 23, 2012
Haynes Whaley announces leadership transition
Pronier has worked in the construction industry for the past 30 years.
| Jul 23, 2012
Missner Group completes construction of Chicago auto dealership
The Missner Group also incorporated numerous sustainable improvements to the property including the implementation of a vegetative roof, and the utilization of permeable pavers for the parking lot.
| Jul 20, 2012
2012 Giants 300 Special Report
Ranking the leading firms in Architecture, Engineering, and Construction.