Onni Group’s 1.1K-unit Times Mirror Square project nears final approval

Developer’s 1.5M sf complex is among largest proposed in DTLA

Los Angeles /
Jan.January 22, 2021 12:05 PM
Onni Group president Rossano de Cotiis and a rendering of Times Mirror Square
Onni Group president Rossano de Cotiis and a rendering of Times Mirror Square

Onni Group’s proposed 1,130-unit megaproject at Times Mirror Square has just one final approval left before construction can begin.

The Los Angeles City Council’s Planning and Land Use Committee voted 3-0 to deny an appeal and approve the project, according to the Los Angeles Times. That means the developer now awaits the full Council’s vote on the sprawling construction.

The Council committee approved the project after Onni agreed to a handful of changes Councilman Kevin de León sought. He represents the Downtown L.A. district where Times Mirror Square will rise. The changes include shifting 34 workforce housing units to moderate- and low-income units.

The Council tends to follow the lead of the local council member on development issues, making de León arguably the most important single decision-maker that Onni had to win over.

Onni has been planning the project since 2016, when it bought the development site for $100 million. In addition to the residential units, the 1.51-million-square-foot construction will include retail space and office space.

The project was appealed nearly every step of the way and in May, a representative for the developer said it was “very possible” the project wouldn’t be completed if delays continued and the economy worsened.

If the full Council approves the project, its decision can still be appealed. But proposals that make it through to that stage are usually not held up.

The appeal that the Council committee denied came from a group called Supporters Alliance for Environmental Responsibility, or SAFER. The organization includes members of Laborers’ International Union of North America. SAFER has fought other projects in L.A. and surrounding cities.

A unit of Onni called Onni Contracting Inc. was also discovered to have given $50,000 to a campaign committee connected to disgraced former L.A. Councilman Jose Huizar, the Times previously reported. The payment was made a couple of months before an important vote, in which the city awarded historic-cultural monument status to a pair of former Los Angeles Times buildings at the development site but denied that status for a third. That rejection made it easier for the Onni project to move ahead, the Times reported. The federal government has charged Huizar with 41 criminal counts involving racketeering and fraud, contending he ran an elaborate criminal enterprise in which he accepted cash bribes and other gifts from developers in exchange for helping them get Downtown projects approved. He has pleaded not guilty and Onni has not been charged in connection with the scandal though other developers have been. [LAT] — Dennis Lynch 


Related Articles

arrow_forward_ios
Jose Huizar (Getty)
Jose Huizar was just an “evangelist for robust development”: attorney
Jose Huizar was just an “evangelist for robust development”: attorney
Agency for the Performing Arts CEO Jim Gosnell with the complex (Getty, Atria West)
Onni inks lease with Agency for Performing Arts at Atria West
Onni inks lease with Agency for Performing Arts at Atria West
Disgraced ex-L.A. City Councilman Mitchell Englander. (Getty)
Ex-LA city councilman enters prison in real estate corruption scandal
Ex-LA city councilman enters prison in real estate corruption scandal
Robert F. Maguire III (Getty)
Developer Robert Maguire, known for Downtown LA towers, dies at 86
Developer Robert Maguire, known for Downtown LA towers, dies at 86
Jose Huizar has pleaded not guilty. (Getty, Department of Justice)
Jose Huizar federal corruption trial postponed again
Jose Huizar federal corruption trial postponed again
Rendering of Onni Group's Arts District project
Onni Group’s Arts District tower project clears key hurdle
Onni Group’s Arts District tower project clears key hurdle
Renderings of the new tower with the existing 3 floor structure. (Omgivning)
Rendon Hotel redevelopment will add 15-story tower in Arts District
Rendon Hotel redevelopment will add 15-story tower in Arts District
Renderings of Omni's new project, along with the original Times Mirror Square building. (City of Los Angeles Department of City Planning, WikiMedia)
City approves Onni’s massive Times Mirror Square redevelopment
City approves Onni’s massive Times Mirror Square redevelopment
arrow_forward_ios

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

Loading...