San Francisco based Carmel Partners made headlines when they restarted the 8th and Grand development, and now they have plans to give their 700-unit monolith a glassy high-rise neighbor. 801 Olive Street, which was first spotted moving through City Planning back in October, would stand 27-stories and approximately 317 feet tall. The GMP Architects designed tower would contain 363 apartments and 10,000 square feet of ground level commercial space. Residential units would rise above a five-story parking podium, which stretches south from the intersection of 8th and Olive Streets. 801 Olive would feature an accessible rooftop, offering residents an outdoor pool, a fire pit, and a lounge with spectacular views of the Downtown skyline. Other amenities include a landscaped courtyard and a fitness center, both located atop the 389-car garage. While critics will almost certainly point out the conspicuous podium, 801 Olive does offer a reasonable 1:1 ratio between residential units and parking spaces. Slowly but surely, developers are figuring out that people actually will walk in LA (and pick up a $250 jaywalking ticket in the process). Carmel Partners' newest project sits at the center of South Park's recent development boom, with several other mixed-use projects under construction nearby. Hollywood based CIM Group also has a residential tower in the pipeline at the northeast corner of 9th and Hope Streets, although a timeline for that project has yet to be specified.