Onni Group adds to Downtown portfolio with 60-story residential tower

The Canadian developer also has other properties in the area ripe for development

Onni's proposed tower on Olympic Boulevard and South Hill Street LA
Onni's proposed tower on Olympic Boulevard and South Hill Street LA

Canadian developer Onni Group is planning a 60-story mixed-use tower on Olympic Boulevard in Downtown, adding to its sizeable portfolio in the area.

The tower would include 700 residential units and 15,000 square feet of ground floor commercial space, according to Urbanize. The residential units will be a mix of studios, one-, and two-bedroom apartments and some penthouse units, It would rise over what is now a parking lot on the corner of South Hill Street.

The units will be spread over 55 floors of the tower above a five-level podium. There will be 1,075 parking spaces across seven subterranean levels up through the fourth floor. The fifth floor is an amenities deck and would include a swimming pool and a basketball court.

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The architect for the project is Vancouver-based Chris Dikeakos Architects, which has done two other projects in Downtown for Onni. They include the 49-story apartment tower, 825 Hill Street, just around the corner from this project. That complex is under construction with an expected completion date in early 2019.

Onni owns at least eight properties around Downtown, including a handful of parking lots that could be ripe for similar projects.

[Urbanize] — Dennis Lynch