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Financial District

845 S Olive St

In November 2021, Relevant Group filed an application with the Department of City Planning to construct a 19-story high-rise at 845 S. Olive Street, replacing an asphalt parking lot with 329 studio, one-, and two-bedroom apartments above 5,300 square feet of ground-floor commercial space and subterranean parking for 14 vehicles.

Requested entitlements include density bonus incentives to build more housing than otherwise allowed by zoning rules with reduced on-site parking. In exchange, 36 of the proposed apartments - which would range from 347 square feet to 670 square feet in size - would be restricted as affordable housing for rent by very low-income households for a period of 55 years.

Gensler is designing the proposed project, which in a hallmark for Relevant Group projects, would be constructed from prefabricated modular units. The tower, which would stand more than 200 feet in height, would be clad in a system of metal panels and perforated metal screens, and culminate in a large rooftop pool and amenity deck.


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Building Information

Status: Proposed

Gross Sq Ft: 250,000

Number of Stories: 8

LEED Certification: Not Certified

Architect: Gensler


Retail Sq Ft: 4800


Residential Type: Apartment, Affordable

Market Rate Units: 297

Affordable Rental Units: 37

Total Rental Units: 334

Total Units: 334

845 S Olive St
845 S Olive St
Los Angeles, CA 90014