[JDRCRASH]

Groundbreaking Begins: Onni Group’s New 32-Story 888 Olive St Tower in Downtown LA

Posted by Brigham Yen



A rendering of 888 Olive shows a gleaming glass
tower adjacent to the historic 1926 Coast Savings
Building at 9th/Olive (Photo: Onni Group)


Better late than never right? What was supposed to be a “Dec 1, 2012″ groundbreaking for Vancouver-based Onni Group’s 32-story apartment tower at 9th and Olive has been delayed until now, almost two months later. A reader sends in this photo from today that shows construction activity has now finally begun in earnest for the 888 Olive tower. Fencing has been put up around the perimeter and construction equipment and crews were spotted on site performing pre-construction work.

The new tower when completed will have 283 units for rent (potentially more than 400 new residents added to the downtown population) and a whopping 11,000 square feet of commercial retail space on the ground floor that could help activate the intersection substantially, while also helping to connect the southern part of the Historic Core to South Park and the Financial District.

If construction continues forward as projected, 888 Olive will be completed in late 2015/early 2016.

Source:http://brighamyen.com/2013/01/28/gro...n-downtown-la/