1027 S. Olive is a mixed use development project in South Park, Downtown LA. The project is comprised of 100 units with entitlements scheduled to be completed in March. The project can break ground in June 2013 with delivery of units around August 2014.

Location: 1027 S. Olive, Los Angeles CA 90015

Project Summary

Design Package

 

Area Amenities:
1 Block: FIDM, Sushi, Starbucks, Gas Station, Grand Hope Park, AT&T Tower
2 Blocks: Ralphs, numerous restaurants, night clubs
4 Blocks: LA Live, Ritz Carlton, Staples Center, Nokia, Convention Center, Blue Line & Expo Line Metro Rail stops, 7th St. Restaurant Corridor, Broadway Restaurant Row

Size: 15,202 SF           Units: 100       Zoning: R5     DUA: 287       FAR: 6

Proposed Product: 100 Unit Apartment Project, 7 stories Type III(a)

Market Information (clickable links)

Economic Development – New Downtown Companies
Downtown LA Apartment Boom
South Park Neighborhood Market Analysis

Downtown LA Demographic Study 2011
Avenue of Angels development in South Park
Pending Street Car 1 block from site
New 7th and Fig development + Target
Downtown LA NFL Stadium
$40 Million Upgrade to Downtown LA Mall
LA is a Live Work Play Community
Smart & Final moving to Downtown
New Korean Air Office Tower in Downtown
Gensler opens new headquarters in Downtown
New Restaurant in South Park
Fat Burger coming to Downtown
South Park to get 32 level tower
Another Starbucks opens in South Park
New Boutique Hotel Coming to South Park
Downtown LA Marriott Tower gets ready to break ground
FIDM gains additional prestige in South Park
New Residential Tower breaking ground in South Park
Expo Line Ridership up 50%
$56 Million investment in Grand Park