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LOS ANGELES — The Wolff Company has announced it will develop a $54-million mixed-use project in Downtown Los Angeles’ South Park district. The project, 12th & Olive, is named after its location.
The seven-story podium building will contain 293 apartment homes with 7,000 square feet of amenity space, which will include round-the-clock valet and concierge services. The development will also feature 17,300 square feet of ground-floor retail.
The project will break ground later this month. It is scheduled for completion in mid-2016. Bernards will handle the construction, while TCA Architects will oversee its design.