City Century wants to add massive hotel to Olympia development in South Park

It would have 1,000 rooms

Los Angeles /
Oct.October 06, 2017 02:00 PM

City Century, the American affiliate of Shanghai’s Shenglong Group, filed an initial study this week that details a second option of its massive, three-tower Olympia development in the South Park.

The new alternative proposes reducing the number of residential units and the size of common spaces in favor of a 1,000-key hotel, Urbanize reported. The total number of housing units would drop from 1,367 units to 879, according to a study filed with the Department of City Planning.

Olympia would also include 40,000 square feet of restaurant, retail and commercial space. The 163,000 square feet of open space for amenities and 2,131 parking spots would be trimmed down to make room for the hotel.

Architecture firms Skidmore Owings & Merrill and Patterns are designing the project at the intersection of Olympic Boulevard and Georgia Street. Construction is expected to occur over 48 months and is slated for opening in 2023.

City Century has been keeping busy. The development firm is also planning a 24-story residential tower at 1233 S. Grand Avenue in the same neighborhood.

The 43 to 65-story Olympia towers are just three of the many projects shaping the Downtown Los Angeles skyline. Mitsui Fudosan is close to breaking ground on the 39-story 8th, Hope and Grand Project, joining Greenland’s Metropolis and Oceanwide’s Oceanwide Plaza. [Urbanize] – Natalie Hoberman


Related Articles

arrow_forward_ios
Edgewood Realty Partners' Pete Kutzer with 491-577 Arroyo Parkway
Edgewood Realty to combine medical and senior living complex in Pasadena
Edgewood Realty to combine medical and senior living complex in Pasadena
Westminster Mayor Mayor Tri Ta with Westminster Mall (Tri Ta for Assembly, Google Maps, Getty)
Westminster poised to redevelop 100-acre mall
Westminster poised to redevelop 100-acre mall
Gaw Capital's Goodwin, Kenneth and Christina Gaw with rendering of 3200 North Figueroa Street (Gaw Capital, DFH Architects)
Gaw Capital to build apartments and storage complex in Cypress Park
Gaw Capital to build apartments and storage complex in Cypress Park
OC Health Care Agency's Dr. Clayton Chau (Getty)
OC Health Care Agency chooses contractor for $78M HQ in Irvine
OC Health Care Agency chooses contractor for $78M HQ in Irvine
A photo illustration of MemorialCare Health's Barry Arbuckle along with the current site at 654 Camino De Los Mares in San Clemente (top) and a rendering of the planned senior housing redevelopment (bottom) (Getty, Google Maps, MemorialCare Health)
MemorialCare to convert shuttered San Clemente Hospital into senior housing
MemorialCare to convert shuttered San Clemente Hospital into senior housing
8209 Sepulveda Boulevard in Los Angeles (Google Maps, Getty)
Nonprofit to build 91-unit apartment complex in Van Nuys
Nonprofit to build 91-unit apartment complex in Van Nuys
Real Estate Development Associates' Jason Krotts and Bill Goltermann; South Ontario Logistics Center, Euclid and Merrill Avenues, Ontario (Real Estate Development Associates, Getty)
Real Estate Development Associates eyes 2.9M sf warehouse hub in IE
Real Estate Development Associates eyes 2.9M sf warehouse hub in IE
Prologis' Hamid Moghadam and rendering of 1716 E. 7th Street (Prologis, Getty, Jackson Liles)
Prologis to build 8-acre studio production campus in DTLA
Prologis to build 8-acre studio production campus in DTLA
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...