Downtown L.A. continues resurgence with two major projects

Los Angeles -- Commercial builder Bernards is currently constructing two major downtown Los Angeles mixed-use projects: Grand and 12th, a major multifamily project in the popular South Park district, and Olive at Pico – both owned by The Wolff Company and designed by TCA Architects.



“[Grand and 12th] and Olive at Pico are vital residential projects and will fulfill an immediate need for housing in downtown Los Angeles,” said Carl Vizcarra, project executive with Bernards.



The new, more than 456,000-sq.-ft., seven-story Grand and 12th (1200 S. Grand Avenue) mixed-use project -- with 347 units and 19,000 sq. ft. of ground-floor retail and amenity space -- is slated for completion by the end of 2016. Olive at Pico, located across the alley to the east, is scheduled for completion in mid-2016, and features seven stories comprised of 293 apartment homes, approximately 17,300 sq. ft. of ground-floor retail, and 7,000 sq. ft. of amenity space.



Both projects are located at the eastern gateway to the South Park District neighborhood, an evolving entertainment and tourist area that includes attractions such as the LA Convention Center, Seventh Street Restaurant Row, the Grammy Museum, the L.A. Live entertainment complex, and Staples Center, home to the Los Angeles Lakers, Kings and Clippers.