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This week, the Downtown Los Angeles Neighborhood Council's Planning and Land Use Committee will review developer Heart Olive's proposed 29-story tower in the Financial District.

The project, which was announced in late 2016, would create 205 apartments, 268 parking spaces and approximately 2,400 square feet of retail space on what is now a parking lot at 845 S. Olive Street.  Plans call for a mixture of studio, one- and two-bedroom dwellings, as well as communal amenities.

Downtown architecture firm Togawa Smith Martin is designing the narrow 350-foot tower, which would be clad with materials including glass and metal panels.  Seven levels of above-grade parking would comprise the bulk of the building's podium, but would be obscured by residential units along Grand Avenue and Olive Street.

The proposed tower would rise along a corridor filled with new high-rise developments, including Onni Group's LEVEL and Carmel Partners' Atelier.

Across the street, Onni is building a second 49-story tower.

Image via Togawa Smith Martin
Image via Togawa Smith Martin
Image via Togawa Smith Martin
Image via Togawa Smith Martin
Image via Google Maps

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