β The Vancouver-based developer recently closed off and razed a surface parking lot at the southeast corner of Olympic Boulevard and Hill Street, where the City of Los Angeles has approved the construction of a new 60-story tower featuring 700 apartments. The high-rise would sprout from a podium structure containing parking for more than 1,000 vehicles and 15,000 square feet of ground-floor retail space.
IBI Group is designing the contemporary glass-and-steel high-rise, which at 760 feet in height, would be the cityβs 4th tallest building if completed today, and its tallest residential tower.β