5 Condo Developments Coming to Downtown LA's South Park
It wasn’t too long ago when Downtown Los Angeles was still considered a sleepy commercial district. Today, however, it’s one of LA’s most energetic communities with development projects rising in nearly every part of the neighborhood.
Downtown South Park, a neighborhood within DTLA, stands out from the rest because it has the greatest number of projects on its plate by far. With so much crane action and dozens of projects in the works, the future of DTLA looks bright.
South Park is located towards the southwestern corner of Downtown Los Angeles, bounded by 8th Street, Broadway, the 10 freeway, and the 110 freeway. It’s where you’ll find the Los Angeles Convention Center, LA Live, The Staples Center, and the Fashion Institute of Design & Merchandising (FIDM). With all these major entertainment and educational buildings already activating the community, it’s no wonder developers are flocking to build more residences nearby.
Here are five condominium projects on their way to Downtown's South Park.

Hope Street Condominiums — 1133 S. Hope Street
A quietly impressive development that’s nearly complete in South Park is the Hope Street Condominium Tower. The project is designed by Chris Dikeakos Architects Inc., an award-winning architect headquartered in Vancouver and Los Angeles.
The tower is expected to rise 34 stories, and it’ll feature 181 luxury condominiums, ranging from studios to two-bedroom units. It will also include spacious penthouse suites on the upper levels of the building.
Constructed using contemporary glass, the condominium building will also provide residents with 5,000 square feet of ground-floor shopping and a five-level podium with resident-exclusive amenities and outdoor decks.
Pershing Square Tower — 532 S. Olive Street
The Pershing Square Tower was first announcedback in 2016, and at the time, it was one of the city’s residential projects meant to activate the community of Pershing Square. Led by local developer Jeffrey Fish, with architecture by Baltimore-based company CallisonRTKL, the Pershing Square project stands out from the rest because of its unique designs.
Project details describe the development as a 55- to 57-story tower, complete with 100 condos, 200 hotel rooms, and 27,500-square-feet of commercial space. According to the structure’s impressive renderings, the project will include glassy and suspended cantilevered pools on the balconies of many of the penthouse units. This project is ongoing and expected to be completed by 2025.
Olympia — 1001 West Olympic Boulevard
The mixed-use residential and commercial project called Olympia is only a short walk from LA Live’s Regal Cinema and Grammy Museum. This mega project is being developed by Century City, an affiliate of the Shanghai-based firm ShengLong Group, and the design agency P-A-T-T-E-R-N-S. The project includes three skyscrapers, with the first tower rising 43 stories, the second rising 52 stories, and the final tower rising 65 stories.
According to plans, the project will feature up to 879 units of condominium homes in the two shorter towers, while the tallest skyscraper would include a 1,000-unit hotel. An additional podium will also be built connecting all three luxury towers, so future residents will be able to easily travel between their living spaces, community amenities, shopping areas, restaurants, and parking. The planners behind this project want to foster a pedestrian-friendly environment in and around this development, with a strong emphasis on communal space.
Broadway Square (The Reef) — 1933 S. Broadway
The Broadway Square project, also known by locals as The Reef project, has been pushing itself forward over the past couple years despite facing a few road bumps along the way. Even though there’s been a bit of drama regarding the project’s entitlements, affordable housing, environmental law, and even ownership—this two-block mixed-use project is still forging ahead.
It’s expected to create over 1,400 apartments and condominiums, over 120,000 square feet of commercial and retail space, a luxury hotel, a large parking garage, and even a public plaza. This massive $1.2-billion development is currently going through it’s first phase of construction. As part of Broadway Square’s deal with LA’s planning department, five percent of its apartments will be dedicated for low-income housing.
Oceanwide Plaza — 1101 S. Flower Street
Currently rising across the street from both the LA Convention Center and The Staples Center is yet another three-tower project designed by CallisonRTKL, except this one goes by the name of Oceanwide Plaza.
The tallest skyscraper will rise 53 stories, while the other two will rise 40 stories. Oceanwide Plaza is expected to feature 504 residential units, a 184-room Park Hyatt hotel, and 166,000 square feet of shopping and retail space.
Construction for this $1-billion project began three years ago, and it has since attracted many interested buyers thanks to its lavish amenities such as the fitness facilities, basketball court, and open-air galleria, which will include several boutiques and dining options.