City Planning Commission approves high-rise at 1105 S. Olive Street in DTLA

Mack Real Estate Development's has hit another key milestone for its plan to build a high-rise apartment building at the intersection of 11th and Olive Streets in Downtown Los Angeles, receiving the approval of the City Planning Commission at its February 13 meeting.

The proposed development, one of two which Mack Real Estate has planned at the intersection, would replace a surface parking lot at 1105-1123 S. Olive Street. Plans call for the construction of a 51-story tower featuring 536 studio, one-, two-, and three-bedroom homes above 4,178 square feet of ground-floor commercial space. Parking for 581 vehicles would be provided within a four-level podium and six subterranean levels.

Designed by Arcadis, the tower is shown in plans as a contemporary glass-clad building rising 603 feet in height. Plans call for amenities at the rooftop deck and above its parking podium.

Construction of the tower is expected to occur over a 30-month period, per an environmental study certified last year by the City Council. A start date for construction has not been announced.

In addition to project entitlements, the City Planning Commission was asked to sign off on a public benefits payment which the developer would make in exchange for a transfer of floor area rights from the Los Angeles Convention Center. In total, the project will be required to provide nearly $11.5 million in public benefits, half of which would go toward the City's affordable housing trust fund.

A second project from Mack Real Estate, a larger 60-story edifice, would bring more than 700 homes to what is now a surface parking lot located east across Olive Street.

The proposed towers are the largest components of a multi-phase redevelopment which  Mack Real Estate and AECOM started a decade ago. Completed elements of the project include the 362-unit Wren apartments on Pico Boulevard, the 38-story Aven tower on Grand Avenue, and a new pocket park. A third building - a 16-story hotel tower - is approved to replace a parking lot at 12th and Olive Streets.

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