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

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

Apr.April 13, 2018 08:22 AM
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.

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

Related Article

Aerial view of 611 N. Brand Boulevard and Rossano de Cottiis (Credit: Hunter Kerhart Architectural Photography)

Onni scraps apartment plans for 857-key hotel project in Glendale

Terreno Realty Chairman & CEO W. Blake Baird

Terreno Realty makes another industrial play in LA

Ron Galperin and an overview of LA (Credit: iStock)

LA owns thousands of properties, many of them vacant. LA’s controller has an idea to spur development

Los Angeles City Planning Commission President Samantha Millman and a rendering of the Flower Market project (credit: Brooks + Scarpa and Twitter)

Development bloom: SoCal Flower Market mixed-use project in DTLA clears hurdle

Bob Halavi and 827 South Grand View Street (Credit: LinkedIn and Google Maps)

This 60-unit resi project would add to MacArthur Park’s growing pipeline

Downtown Los Angeles (credit: Jeff Cleary and Laurie Avocado)

Rezoning Downtown — Skid Row included — must include more affordable housing, advocates say

WeWork’s Adam Neumann and Onni Group President Rossano de Cotiis with a rendering of Wilshire Courtyard (Credit: Getty Images and Michael Maltzan Architecture)

Onni inks lease with WeWork after closing on massive Wilshire Courtyard purchase

Onni Group President Rossano de Cotiis, Decron Properties President & CEO David Nagel and Ocean Plaza

Decron is unloading CRE assets ahead of potential statewide property tax hike