Oakwood Worldwide has opened Oakwood Olympic & Olive, a stylish addition to its portfolio of more than 50 branded properties globally.
Located at 1001 South Olive Street in the heart of Downtown Los Angeles, this newly constructed property is also the ninth US corporate housing asset owned by Singapore-based Mapletree Investments, the parent company of Oakwood Worldwide.
This is the first property added to Oakwood’s portfolio since Mapletree acquired Oakwood Worldwide in February 2017.
Oakwood Olympic & Olive combines modern architectural design and urban accessibility, located within easy reach of LA Live, the Financial District and the Fashion District.
This modern midrise apartment community features an energetic downtown presence where residents can experience boutique-style design, including a hip seventh floor sky lounge, downtown views from the pool deck and townhomes with front-door stoops along Olive Street.
The outdoor spaces and other amenities foster a sense of community for residents, creating an urban oasis amidst the downtown energy.
The property offers furnished and unfurnished apartment options, and includes 201 units of studio, one- and two-bedroom accommodations with open-concept living areas.
The units feature designer finishes, including quartz countertops, glass-tile backsplashes, stainless steel appliances, gas ranges, ten-foot ceilings and in-unit washers and dryers.
“Oakwood Olympic & Olive represents an evolving approach in our collection of serviced apartments, and we are excited to invite our clients and guests to experience the revitalisation of Downtown LA and live like a local in our newest addition to the Oakwood family,” said Chris Ahearn, chief executive, Oakwood Worldwide.
“This modern style and design, along with the community-enhancing common spaces, reflect the qualities we are seeking in the new properties we will be adding to our portfolio as we accelerate our global expansion.”