City Council signs off on 51-story DTLA tower at 1105 S. Olive Street

Mack Real Estate Development has secured the approval of the Los Angeles City Council for a proposed high-rise apartment building at the intersection of 11th and Olive Streets in Downtown Los Angeles.

The project, slated to replace a surface parking lot at 1105-1123 S. Olive Street, calls 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. A 581-car garage would be provided within a four-level podium and six subterranean levels.

Arcadis is designing the glass-and-steel high-rise, which would stand 603 feet in height and incorporate amenity decks at its rooftop 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 Council 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. While officials had sought to direct a portion of that money toward the Convention Center project in May, the item was remanded back to the City Council's Planning and Land Use Committee for reconsideration at a prior Council meeting. The revised conditions of approval that emerged from that meeting call for setting aside that money for affordable housing.

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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