The project, addressed at 1340 S. Olive Street, occupies a site along the south side of 14th Street between Olive and Hill Streets. The new seven-story building will feature 154 studio, one-, two-, and three-bedroom apartments above ground-floor retail space at completion. Two levels of basement parking sit below the new podium-type structure.
Designed by MVE + Partners, Emerald uses upper-level setbacks to create terrace decks for use by residents. Plans call for open spaces including a rooftop deck, a pool, and a street-level plaza. On the building's interior, plans call for a fitness center and a recreation room at ground level facing 14th Street.
Emerald is one of an increasing number of Downtown apartment buildings sitting south of Pico Boulevard, which at one point stood as the southern boundary of the neighborhood's recent development boom. The project was recently joined by a similar mixed-use project from Suncoast Ventures, which will bring 235 apartments to a site located directly east across Hill Street.
Jade Enterprises is also behind plans for new housing developments the Fashion District, the Arts District, and City West, as well as projects outside of Downtown in Hollywood, Pasadena, and Marina del Rey.
- Emerald (Urbanize LA)