Crescent Heights plans 800-unit megatower in DTLA

Developer who inspired NII wants to build another high-rise tower

Dec.December 06, 2016 10:45 AM
A rendering of Crescent Heights' Ten Thousand apartments at 10000 Santa Monica Boulevard
A rendering of Crescent Heights’ Ten Thousand apartments at 10000 Santa Monica Boulevard

Undeterred by the dramas surrounding its Palladium Residences project in Hollywood, Crescent Heights is reaching for new heights once more.

The Miami-based developer filed plans Monday to build a 714-foot, 800-unit condo structure at 1045 South Olive Street in Downtown L.A., according to Urbanize. It acquired the site for $11.5 million last year.

In addition to condos, the new project would include ground-floor retail space, though no specifics on square footage or number of units were available.

Crescent Heights is no stranger to the challenges surrounding high-rise development in L.A. The firm is behind the 40-story Ten Thousand apartments in Santa Monica and the Palladium project, which indirectly inspired the development of the controversial Neighborhood Integrity Initiative. [Urbanize]Cathaleen Chen

Related Articles

Crescent Heights co-founder Russell Galbut and Temple Emanuel of Beverly Hills Executive Director Matt Davidson, and the property on Burton Way

Temple Emanuel of Beverly Hills sells a building to developer Crescent Heights

Chen Siqing, head of Industrial and Commercial Bank of China

China’s largest bank finances long-stalled condo tower project near Staples Center

Dean Matsubayashi, executive director at Little Tokyo Service Center and 414 Crocker Street

Nonprofit developer adding to affordable housing portfolio in Little Tokyo area

Brad Korzen, Kor Group CEO

Eye-popping bill at the Proper Hotel: Contractor sues for unpaid steel work

Lorne M. Buchman, president of ArtCenter College

ArtCenter expands into Gilmore Associates’ DTLA building that housed Main Museum

On a roll: Access Industries adds to DTLA haul

With mounting inventory, sales and leases are slowing in DTLA: report

LA’s miles of parking lots could house more than 800K residents: report