In a unanimous consent calendar vote, the Council approved a master conditional use permit and a transfer of floor area rights agreement for Olympic tower, which would replace the Downtown Car Wash located at the northwest corner of Olympic Boulevard and Figueroa Street - directly north of L.A. Live. — Urbanize LA
The Olympic Tower development is one of a slate of exuberant high-rise tower projects planned for LA's downtown area in the next decade. The Nardi Associates-designed building will top out at 57 stories and play host to a mixture of hotel accommodations, condos, retail, and 33,500 square feet of office space, the balance of which is expected to be purchased from the city at a cost of $23.1 million according to Urbanize LA.
First proposed in 2015, the Figueroa & Olympic Boulevard intersection development was, for a long time, home to a now-defunct car wash and has slowly been building progress toward this week’s final approval. There is no groundbreaking scheduled at press time. A city planning document has stated the construction period is expected to last 34 months.
3 Comments
Miami and LA seem to be in the grips of building uber generic looking towers despite commanding hefty PSF sales.
yes very true. I suppose the silver lining is that la at least is building up its downtown.
If this is the alternative, I say keep the car wash.
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