DTLA South Park Properties Sites 2 and 3 Project

At its meeting of August 5, 2025, the Los Angeles City Council took the actions below in conjunction with the following Project: CPC-2018-2600-ZV-TDR-DD-SPR-MCUP permits the demolition of existing surface parking lot and the construction, use, and maintenance of a 51- story mixed use development comprised of 536 residential dwelling units and up to 4,178 square feet of ground floor commercial uses on a 36,120 square foot area lot pre-dedication and 35,734 square feet of lot area post-dedication. The Project would provide 581 automobile parking spaces for residential use in six subterranean levels and three above-grade levels. The building would have a maximum height of 603 feet, a floor area ratio of 9.13:1 (491,515 square feet), the removal of one street tree on Olive Street and replacement with six new London plane trees; the removal of two street trees on 11th Street and replacement with two Chinese flame trees; and would require the export of approximately 118,543 cubic yards of soil. (1) FOUND, pursuant to Public Resources Code (PRC) Section 21155.2(b), in consideration of the whole of the administrative record, that the SCEA No. ENV-2018-2601-SCEA, was considered and adopted by the City Council on December 11, 2024 (Council file No. 24-0976), adopted Findings pursuant to PRC Section 21155.2 (Transit Priority Project); and, adopted the Mitigation Monitoring and Reporting Program and related Environmental Findings prepared for the SCEA; (2) ADOPTED, the revised FINDINGS of the PLUM Committee, dated June 24, 2025, as the Findings of Council; (3) APPROVED, pursuant to Section 14.5.6 B of Chapter 1 of the Los Angeles Municipal Code (LAMC), a TFAR of up to 274,795 square feet of floor area from the Los Angeles Convention Center (Donor Site), located at 1201 South Figueroa Street, to the Project Site (Receiver Site), thereby permitting a maximum 9.13:1 Floor Area Ratio (FAR) in lieu of the otherwise permitted 6:1 FAR; the TFAR Transfer Payment in the amount of $1,373,975, pursuant to Section 14.5.10 of Chapter 1 of the Los Angeles Municipal Code (LAMC), and Public Benefits Payment in the amount of $11,462,471.39, pursuant to Sections 14.5.9 and 14.5.6B of Chapter 1 of the LAMC; for the demolition of existing surface parking lot and the construction, use, and maintenance of a 51-story mixed use development comprised of 536 residential dwelling units and up to 4,178 square feet of ground floor commercial uses on a 36,120 square foot lot area pre-dedication and 35,734 square feet of lot area post-dedication. The Project would provide 581 automobile parking spaces for residential use in six subterranean levels and three above-grade levels. The building would have a maximum height of 603 feet, a FAR of 9.13:1(491,515 square feet), the removal of one street tree on Olive Street and replacement with six new London plane trees; the removal of two street trees on 11th Street and replacement with two Chinese flame trees; and would require the export of approximately 118,543 cubic yards of soil; for the property located at 1105 – 1123 South Olive Street; subject to revised Conditions of Approval, as amended by the PLUM Committee on June 24, 2025, attached to the Council file; (4) INSTRUCTED the Chief Legislative Analyst to convene the Public Benefit Trust Fund Committee within six months of the receipt of the Public Benefits Payment by the Public Benefit Trust Fund, pursuant to Section 14.5.12 of Chapter 1 of the LAMC; (5) INSTRUCTED the Department of City Planning to prepare any revised Conditions of Approval and Findings to effectuate the following amendment as requested by Council District 14: A payment to the Council District 14 Public Benefits Trust Fund in the amount of $5,731,235.70 (50 percent). The funds shall be to provide Public Benefits as defined by LAMC 14.5.9 A of the TFAR ordinance: affordable housing; public open space; historic preservation; recreational; cultural community and public facilities; job training and outreach programs; affordable child care; streetscape improvements; public arts programs; homelessness services programs; or public transportation improvements; (6) REQUESTED that the PLUM Committee continue to discuss the TFAR policy more broadly. Incidental Case: Vesting Tentative Tract Map No. 82109 permits the merger and re-subdivision of five (5) lots into a 19-lot subdivision for the construction of a mixed-use development consisting of 536 residential condominium units and 4,178 square feet of ground floor commercial floor area; vacation of a portion of the airspace above an alley abutting the site to the northwest. The Project Site is located at 1105 -1123 South Olive Street, Los Angeles CA 90015.