Onni Starts on Its First Downtown LA Project
From the LA Times:
Vancouver developer building $100-million apartments downtown
A Canadian developer has started work on a $100-million luxury apartment building in downtown Los Angeles, the first of three high-rise residential complexes it plans to build in the booming neighborhood.
Vancouver-based Onni Group is erecting a 
32-story tower on a former parking lot at the northeast corner of Olive and Ninth streets. The site is next door to a well-known 12-story office building that opened in 1926 as the headquarters of Pacific National Bank.
Onni’s building, to be known as 888 Olive, will have 283 units – each with a private balcony — over street-level shops and restaurants. It will have a swimming pool and fitness center, Onni said. Completion is set for early 2015.
Read more: http://www.latimes.com/business/money/la-fi-mo-apartments-downtown-20130201,0,2345668.story