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.