A new modular residential tower will soon be seen at 845 Olive Street in downtown, Los Angeles. The project proposal includes the redevelopment of an asphalt parking lot into a residential high-rise with 19 stories. Plans for the tower were approved in 2019.
Hollywood-based real estate firm Relevant Group is the project developer. Gensler is responsible for the design concepts.
845 Olive Street Aerial View via Gensler
845 Olive Street Entrance via Gensler
Plans include the construction of a 19-story high-rise, featuring 329 studios, one-bedroom, and two-bedroom apartments. Commercial space spanning an area of 5,300 square feet will be developed on the ground floor. Subterranean parking with a capacity of 14 vehicles will be designed on the site.
845 Olive Street via Gensler
Requested entitlements include density bonus incentives to build more housing than otherwise allowed by zoning rules with reduced on-site parking. In exchange, 36 of the proposed apartments – ranging from 347 square feet to 670 square feet in size – will be restricted as affordable housing for rent by very low-income households for a period of 55 years.
845 Olive Street Rooftop Deck via Gensler
Renderings reveal prefabricated modular units designed in a tower rising to a height of 200 feet. The building will showcase a facade clad in metal panels and perforated metal screens, and culminate in a large rooftop pool and amenity deck.
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