Mack Real Estate Development has moved forward with plans to build a 51-story apartment tower in Downtown Los Angeles.
The New York developer got a green light from the Los Angeles City Planning Commission to build the 536-unit high rise at 1105-1123 South Olive Street, Urbanize Los Angeles reported.
The towers are part of a $1 billion plan filed in 2018 to create a 1,200-unit “urban village” in Downtown.
Plans call for a 51-story tower with 536 studio, one-, two-, and three-bedroom apartments above 4,200 square feet of ground-floor shops and restaurants. There will be a 581-vehicle parking garage within a four-story podium and six underground levels.
The glass tower with rounded corners, designed by Amsterdam-based Arcadis, would rise 603 feet, and be topped by a rooftop deck. It would include both inset and exterior balconies, according to renderings.
Construction would take 30 months, according to an environmental study certified last year by the City Council. A start date for construction was not disclosed.
The proposed towers are the largest components of the multi-phase redevelopment by Mack Real Estate, the development subsidiary of Mack Real Estate Group, and AECOM, launched nearly a decade ago, according to Urbanize. It wasn’t immediately clear when AECOM dropped out of the project.
Completed projects include the 362-unit Wren apartments on Pico Boulevard, the 38-story Aven tower on Grand Avenue and a new pocket park. A 16-story hotel tower has been approved to replace a parking lot at 12th and Olive streets.
Correction: This story has been edited to reflect that AECOM is no longer part of the project.
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