The Los Angeles Planning Commission is set to review the project Thursday. Located at the northwest corner of Olympic Boulevard and Hoover Street (the occasional home of the Ramos Brothers Circus), it would rise seven stories and include 36,990 square feet of commercial space distributed across the first three levels.
20 of the project’s apartments would be set aside for very low-income residents (those making under half of LA’s median income). In return, the developer is requesting a 35 percent density bonus, allowing for 43 more units than would have otherwise been permitted on the site.
Parking for 262 automobiles and 231 bikes would be provided in a subterranean parking garage and a ground-floor lot.
Renderings of the project, which is being designed by M2A Architects, show that it would have an interesting angular shape, with balconies and walkways protruding from the side of the building. The third level would include an open courtyard space overlooking Olympic Boulevard and multiple amenity decks would include features for residents like a swimming pool, fitness center, and lounge area.
Several other projects may also be popping up in the area before long. A hotel with 150 rooms is planned just a bit to the east at Olympic and Alvarado, while a seven-story complex with 228 units of housing is set to rise at Olympic and Vermont to the west.
A project timeline for the Olympic and Hoover project does not appear to have been established yet, but plans indicate it would take about two years to construct.