Friday, May 16, 2014
A Booming South Park
Work has begun on another large-scale housing and retail project in South Park, a booming neighborhood in downtown Los Angeles east of Staples Center.
Olive & Pico, as the $54-million complex will be known, is under construction on the block surrounded by Pico Boulevard and Olive, 12th and Margo streets.
The seven-story complex being developed by the Wolff Co. of Scottsdale, Ariz., will have 293 apartments over street-level shops and restaurants. It was designed by TCA Architects and should be completed by mid-2016.
Wolff Co. also plans to develop a 347-unit apartment and retail complex nearby at 12th Street and Grand Avenue.