Nine months after revealing plans for a new residential tower in South Park, Carmel Partners is switching up the playbook.  According to a memo issued earlier this month by the Department of City Planning, the San Francisco-based developer's proposed high-rise building at 801 Olive Street has been redesigned by a new, unspecified architect.  Although the fundamentals of the project remain the same (363 apartments above 10,000 square feet of ground-floor commercial space and a four-level parking podium), the retooled development plan calls for a tower that is both taller and slimmer than previously approved.  The now rectangular-shaped building is set to rise 33 stories (352 feet), representing a six-floor increase from the previous design by GMP Architects.

801 Olive Street is one of several skyline-altering developments planned for the northern section of South Park, including a 50-story condo project from the Onni Group and a 33-story apartment tower from CIM Group.  However, it is a more vertically challenged neighbor that has arguably generated the biggest news for the neighborhood.  Carmel Partners' seven-story G8 development is slated to bring 700 apartments to the Downtown market, a larger total than any of its sky-scraping neighbors.  More importantly, the low-rise building will feature a 42,000 square foot Whole Foods Market when it opens in 2015.  The high-end grocer has been listed amongst the most sought-after retailers for Downtown residents in recent years, perhaps second only to the elusive Trader Joe's.


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Urban Marketplace 2018 Event Offers Investment & Development Opportunities

ULI Los Angeles Presents Experts and Dealmakers Demonstrating How to Redevelop and Revitalize Neighborhoods

LOS ANGELES, Calif. – Leading experts in urban development will offer ideas and opportunities at the 18th annual Urban Marketplace. The interactive conference and forum by ULI Los Angeles, a District Council of the Urban Land Institute (ULI), is Wednesday, March 28, 2018, 7:30 a.m.