Mack Real Estate Group is trimming its ambitions in downtown Los Angeles. The New York-based firm has requested the withdrawal of an entitlement application for a site at 1120 South Olive Street, Urbanize Los Angeles reported. The property is currently a surface parking lot and was slated for the construction of a 60-story building featuring 713 residential units and parking as well as ground-floor retail. The pullback comes one month after Mack’s development arm, Mack Real Estate Development, received approvals for the construction of a 51-story residential high-rise at 1115 South Olive Street across the street. Mack’s proposed 60-story tower […]
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