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The Real Deal Los Angeles

City Century’s $1B Olympia project clears LA Planning Commission

Mixed-use complex is one of a handful of megaprojects underway in South Park
February 15, 2019 10:00AM

Shenglong Group Chairman Yi Lin and a rendering of Olympia

City Century has cleared the first hurdle to building its $1 billion mixed-use Olympia project in South Park.

The Los Angeles City Planning Commission approved Olympia on Thursday, sending it to the City Council’s Planning and Land Use Committee, Urbanize reported. If approved by the committee, it would go to the full City Council for a final vote.

The project at 1001 W. Olympic Boulevard would feature three towers on a podium.

The largest would be a 65-story tower with 1,000 hotel rooms and 20,000 square feet of retail space. It would be joined by a 53-story tower and a 43-story tower with a total of 879 apartments, and an additional 20,000 square feet of retail space between them.

There would be 163,000 square feet of open space and other amenities.

City Century wants to wrap the majority of the podium with digital signage, much like the Circa project, and the nearby Fig+Pico project. The developers of Oceanwide Plaza are also planning large LED signs, but work has stopped on that project.

City Century is an American affiliate of the Chinese development firm Shenglong Group. It first proposed the Olympia project in 2016 with a different configuration. It reconfigured the project in 2017, adding the 1,000-room hotel. [Urbanize] — Dennis Lynch