Three new towers are coming soon near the L.A. Live campus which has hosted several awards shows such as the Grammys and Emmys and celebrations for the Lakers and Kings, as well as big movie premieres and other red carpet events. Built with resident terraces with uninterrupted views of the surrounding skyline, City Century is bringing a more than $1 billion development! Take a look at the plans below:
The Olympia project which is being developed by City Century—a subsidiary of Shanghai-based development firm ShengLong Group—is projected to cost a grand total of $1 billion. This mixed-use development is going to consist of three towers above a podium structure at 1001 W. Olympic Boulevard across a 3.26-acre site bounded by Bixel Street, Georgia Street, James M. Wood Boulevard, and Olympic Boulevard. The tallest of the three structures will rise up to 65 stories, while the other to stories will follow with 53 and 43 stories of height.
City Century currently has two different plans for this project. The first plan is set to build a total of 1,367 residential units and 40,000 square feet of commercial space. The podium linking the buildings together will be the one holding the 40,000 square feet of retail space. Moreover, the second option of the plans is set to have 1,000 hotel rooms and 879 housing units, along with the same 40,000 square feet of commercial space fit to accommodate several restaurants and retailers. Moreover, Olympia will have 2,100 spaces of parking in their on-site parking structure. This project will also include 115,000 square feet of open space with numerous gardens.
All in all, this project is set to arrive in a well-timed pace as it has also been revealed that the Los Angeles Convention Center is planning on expanding with an additional 40-story tower at the JW Marriott that will include 850 hotel rooms, a 109,700 square foot meeting space, and a 51,300-square foot ballroom, and an expanded L.A. Live parking garage. Construction of Olympia is projected to last over the course of 48 months and should be completed by 2023! Stay tuned to see which plan City Century finalizes as a decision is set to be made within the next eight months. But, in the end, we know the buildings will fit perfectly among the growing Los Angeles skyline.