Onni Group’s 32-Story Apartment Tower Slated for Summer Ground Breaking in Downtown LA

Onni Group's 32-story residential tower is slated to break ground in the summer of 2012 in Downtown LA's South Park district (Photo: Downtown News)

Fantastic news today from the Downtown News announcing a new 32-story residential tower to be developed by Vancouver, Canada-based Onni Group. Located at 9th and Olive, the development site is a stone’s throw from the future rumored King & Grove Hotel. The sleek glass tower resembling those in the developer’s home base of Vancouver will break ground as soon as August this summer with 283 units for rent with a possibility of the units becoming condos in the future (when the market recovers). According to the Executive VP of Onni Group, Chris Evans, “financing is in place to start construction.”

With 11,000 square feet of retail space on the ground floor, the yet-to-be named tower will help infuse new energy and density into this intersection at 9th and Olive, helping to bridge all the amazing economic activity happening at 9th and Broadway–Ace Hotel, Umamicatessen, etc.–with the rest of South Park to the west.

5 Responses to Onni Group’s 32-Story Apartment Tower Slated for Summer Ground Breaking in Downtown LA

  1. Very exciting news. I think we’ve taken a nice construction hiatus and can start to move forward with some projects that were put on hold.
    Build them now while labor and materials can be found cheaper and have them ready to open as the market gets better!

  2. Wow, this is really amazing and perfect area. Not too close to la live and 7th, but easily walkable. 2015 will be a really exciting year, so many things will (hopefully) be complete by then.

  3. Another great development in the works!

    Like Brigham and gary mentions, walkable to L.A. Live and other hotspots like Umamicatessen (still yet to go there!).

    I wonder what retail/commercial establishments the podium structure will hold? The more things to do (shop, eat, relax, etc.) at street level the better. And that’s exactly what this project will contribute to the local streets.

  4. 32 Story!? That will defintley tower over the Eastern Columbia building and block its highly prized Roof-top pool area and its view of Downtown. This will surely negatively impact the price at Eastern Columbia, especially the units with view (currently). Sell sell sell?

  5. Slowly but surely South Park will finally be connected towards the areas that have night life, I am thinking LA Cafe as the center of nightlife. Sounds like the properties in between will be very valuable in about 15 years if this building continues. Very good news overall for the economy!

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