![\"\"](\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/05\/olive-hero.jpeg\")
<\/a>Rendering:\u00a0ODA Architecture<\/span><\/a><\/em><\/p>\nDowntown Los Angeles\u2019 South Park neighborhood could gain another high-rise development.\u00a0<\/span><\/p>\n 1045 Olive, a 70-story tower that was first proposed in late 2016, got the green light from <\/span>Los Angeles City Planning<\/span><\/a> this week and will now be forwarded to City Council for final approval. The project by Miami-based developer <\/span>Crescent Heights<\/span><\/a> calls for 794 residential units, including studio, one-, two- and three-bedroom floorplans.\u00a0<\/span><\/p>\n Six levels of underground parking would be combined with nine levels of above-ground parking in the building\u2019s podium for a total of 891 vehicle spaces. Approximately 12,500 square feet of ground-floor restaurant and retail space is also planned, along with a public plaza featuring landscaping and art installations.<\/p>\n There would be extensive indoor and outdoor amenity offerings, including several open-air terraces, community and recreational rooms, a fitness center, and a spacious rooftop deck complete with landscaped areas, an event deck, outdoor kitchen and dining areas, a pool and spa, and a children\u2019s playground.<\/p>\n In addition to 24 on-site workforce housing units, Crescent Heights will contribute more than $10.6 million to the Citywide trust fund for affordable housing and $200,000 to the South Park Business Improvement District for the creation of a parklet and a dog run. Another $10.8 million is slated for public benefits, including the construction of the public plaza at the southeast corner of the site.<\/p>\n The rectangular-shaped, 38,097-square-foot development site is currently occupied by five one-story commercial buildings, surface parking lots and alleyways. At a height of 810 feet, the proposed project would be the tallest residential tower in Los Angeles and the fourth tallest overall.<\/p>\n ODA Architecture<\/span><\/a> envisioned the sleek glass tower and offset podium, which creates opportunities for verdant outdoor spaces. To disguise the parking element and add visual appeal, a zigzagging exoskeleton would be used on the podium. The pedestrian realm would be animated with greenery, including a trellis-like structure for climbing vines in the public plaza.\u00a0<\/span><\/p>\n Located at the corner of West 11th and South Olive streets, the proposed project would put future residents within a 10-minute walk of the Pico Metro station, served by both the A and E lines. Neighborhood attractions include the STAPLES Center, L.A. Live, FIDM, and The Theatre at Ace Hotel.<\/p>\n 1045 Olive will have to be approved by City Council before site clearing and construction can begin.<\/p>\n The project by Miami-based developer Crescent Heights calls for 794 residential units, including studio, one-, two- and three-bedroom floorplans.<\/p>\n","protected":false},"author":12,"featured_media":216696,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","apple_news_api_created_at":"2021-05-14T21:57:32Z","apple_news_api_id":"2be10079-a0d3-43ce-b67e-e3f77ee1fd43","apple_news_api_modified_at":"2021-05-14T21:57:33Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/AK-EAeaDTQ862fuP3fuH9Qw","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"middle","apple_news_slug":"","apple_news_sections":["https:\/\/u48r14.digitalhub.com\/sections\/09b86915-7d2b-3acd-915b-b215002d01b7"],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[11108],"tags":[11121,11122,11119],"coauthors":[8647],"apple_news_notices":[],"yoast_head":"\n<\/a>Rendering:\u00a0ODA Architecture<\/span><\/a><\/em><\/p>\n<\/a>Rendering:\u00a0ODA Architecture<\/span><\/a><\/em><\/p>\n<\/a>Rendering:\u00a0ODA Architecture<\/span><\/a><\/em><\/p>\n<\/a>Rendering:\u00a0ODA Architecture<\/span><\/a><\/em><\/p>\n