Pershing Square is adding another shining new creative office space to its collection. Olive Hill Group has officially unveiled its creative office redevelopment of 631 S. Olive in Downtown Los Angeles, and it may push the block—which also houses Rising Realty Partner's PacMutual Building—to become the creative office haven that Downtown has been wanting. Olive Hill's project, rebranded as The Olive, brings a mid-size creative office option to the area, and offers a discount to the surrounding properties and the Westside.

“This gives us a chance to provide a different than our neighbors,” Tim Lee, Tim Lee, VP of Corporate Development and Legal Affairs at Olive Hill Group, tells GlobeSt.com. “We are offering a creative build out in downtown with all of the amenities that you would get in a skyscraper at a bit of a discount.”

The location has grown tremendously as a result of the downtown renaissance. The growth in the area and the other ongoing projects attracted Olive Hill to the project. “We were really focused on the location. Being across the street from Pershing Square is a huge plus, and it checked off a lot of the boxes that we wanted,” says Lee. “It is within close proximity to great restaurants, and it is next door to the Nomad Hotel, which is opening in January.”