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

It would have 1,000 rooms

TRD LOS ANGELES /
Oct.October 06, 2017 02:00 PM
City Century Olympia (Credit: Skidmore, Owings & Merrill)

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
Eric Garcetti orders a moratorium on LA commercial evictions (Photo credit: iStock photo)

Garcetti orders a moratorium on commercial evictions in LA

LA promo

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!

Welton Jordan of EAH Housing, and the block in South Park where the nonprofit development organization wants to build a 64-unit complex (Credit: Google Maps)

Two affordable housing projects will add 120 units to transformed South Park

From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

3339 Exposition Blvd. and Asher Luzzatto

Luzzatto Co. assembling creative office hub in West Adams

Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

From left: Nuveen CEO Vijay Advani, Graymark founder/CEO Brian Hecktman

Graymark, Nuveen pay $97M for El Segundo creative office

arrow_forward_ios
Loading...