"AEG last week proposed a 49-story high-rise that would hold a hotel, residences, bars and restaurants. The tower would rise across Olympic Boulevard from L.A. Live on a corner lot on Georgia Street now used by AEG for parking. Many planned residential and other commercial projects in Los Angeles have stalled prior to construction in recent years as developers face economic headwinds, including unfavorable interest rates and rising costs of materials and labor."
"The application calls for a large-scale development with 364 dwelling units and 334 hotel rooms. The 783,427-square-foot building would also include bars and restaurants on levels 1, 5 and 6, along with a restaurant/nightclub on the eighth floor. Residents and hotel guests would share an amenity deck with a restaurant, bar, pool, spa, club room, fitness area and a dining terrace. The complex would have 666 parking spaces."
AEG filed a land-use application for a 49-story, 783,427-square-foot mixed-use tower at 917 W. Olympic Blvd., located across Olympic Boulevard from L.A. Live on a corner lot currently used for parking. The project would include 364 dwelling units and 334 hotel rooms, with bars and restaurants on multiple levels and a restaurant/nightclub on the eighth floor. Residents and hotel guests would share an amenity deck featuring a restaurant, bar, pool, spa, club room, fitness area and dining terrace. The complex would provide 666 parking spaces. Construction is not expected soon because of unfavorable interest rates and rising labor and materials costs. AEG is also co-developing the city’s $2.6-billion Convention Center expansion.
Read at Los Angeles Times
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