Oakwood Olympic & Olive in Downtown Los Angeles
February 1, 2018
February 1, 2018 — KTGY Architecture + Planning has designed Oakwood Olympic & Olive at 1001 South Olive Street. The development combines fully furnished apartments with the latest amenities, hotel-like services, and a modern design befitting its location in DTLA’s booming South Park neighborhood.
Oakwood Olympic & Olive is designed by KTGY for easy accessibility to surrounding DTLA, and to attract extended-stay tech, media and entertainment business travelers in Los Angeles, among others. Singapore-headquartered Mapletree Investments, the parent company of Oakwood Worldwide, is the property owner.
“We love working in South Park with all it offers and all that it is becoming,” said KTGY Principal David Senden. “We wanted to make the most of this relatively compact site and so we arranged the south-facing third-floor pool deck for maximum sunlight, and wrapped the deck around the corner of the building to provide great views of the neighborhood.”
Oakwood Olympic & Olive offers amenities that are desirable to residents: including a wide variety of co-working areas and meeting rooms, multiple indoor and outdoor social spaces including rooftop lounge, courtyards, dog park, club room, bike storage, high-tech fitness center, and package-delivery area. Residences range from interior courtyard apartments to city view apartments to roomy townhomes.
Hollywood Sign-inspired block letter signage and floor-to-ceiling white curtains further distinguish the building, along with elements such as dynamic cantilevers and tactile materials.
“Along Olive Street, nine townhomes with individual front doors connect residents directly to street life,” said Senden.
All furnished residences, include essentials from linens to coffee makers. And the entire building is wired with high-speed internet, cable TV and telephones.
- Number of units: 201
- Price range: Currently starting at $159 per night and varying by date and residences
- Architect: KTGY Architecture + Planning
- Developer: Lennar Multifamily Communities
- Owner and manager: Mapletree Investments
- Residence sizes: Studios, one bedrooms, two bedrooms
- Amenities: Fully equipped kitchens; a paw park for four-legged residents, underground parking with EV charging stations, co-working stations