DOWNTOWN LOS ANGELES-- The Downtown skyline is changing once again.
On Monday, Jan. 28, Canadian developer Onni Group began construction on a 32-story high-rise at 888 S. Olive St. The development, which according to a project press release is estimated to cost more than $100 million, will create 283 one- to three-bedroom luxury apartments. The building is slated to open in early 2015.
“We believe that at project completion... Downtown Los Angeles will be the place to live in the region and we look forward to being a part of the continued transformation,” said Apriano Meola, the company’s vice president of USA Operations, in the release.
This is the first of three high-rises that Vancouver-based Onni is planning in Downtown. The company, which has built more than 5,000 housing units and has 4,000 more under construction, is also working on projects at 1212 S. Flower St. and a second Olive Street building.
A formal groundbreaking ceremony will be held Feb. 14.
Copyright 2013 Los Angeles Downtown News.