Onni Group is looking to dramatically remake a high-profile stretch of Wilshire Boulevard, filing plans to swap out the front portions of the Wilshire Courtyard office campus for a pair of 67-story residential towers. The proposal calls for roughly 2,586 apartments stacked above new ground-floor commercial space, with more than 2,100 parking spaces tucked into podium garages wrapped with housing. If the city signs off, the project would significantly reshape the Miracle Mile skyline while keeping a rear park and an existing private drive in place.
What the filing calls for
According to Urbanize LA, Onni's application to the City of Los Angeles lays out twin 67-story towers at 5700 Wilshire Boulevard that would rise to about 797 and 796 feet and total roughly 2.4 million square feet of floor area. The plan includes about 56,400 square feet of new commercial space for a grocery and restaurants, along with 197 very-low-income apartments that qualify the project for density bonuses. Two pool decks and new street-level courtyards are also on the table. Parking for 2,129 vehicles would be provided in podium garages, and the submission would demolish about 557,000 square feet of existing improvements while retaining roughly 445,000 square feet of commercial floor area already on the site.
Design and amenities
Solomon Cordwell Buenz is listed as the project's architect, bringing experience from other large mixed-use schemes in the region. Early renderings show the towers stepping back from Wilshire to make room for amenity decks and landscaped courtyards. The podium parking is wrapped by residential units to keep the street edge active rather than turning it into a blank garage wall. The concept also preserves a private north-south drive and maintains a landscaped park at the rear of the property facing 8th Street.
Price and financing
Onni reportedly paid about $630 million for the Wilshire Courtyard campus, according to the Los Angeles Business Journal. The purchase was backed by large loans that later entered special servicing, and The Real Deal reported that Onni secured an extension on a roughly $384 million loan tied to the site in 2023. That financial backdrop helps explain the pivot from earlier office-focused ideas to a housing-heavy proposal now.
Transit and neighborhood context
The property sits just steps from the newly extended D Line, a major transit upgrade that developers say makes taller, denser housing along Wilshire more feasible. Urbanize LA highlighted the project's proximity to the rail line and Onni's plan to keep part of the existing commercial floor area while replacing the Wilshire-fronting halves of the campus with the new towers. As the proposal moves into public review, neighbors, preservation advocates, and city planners are expected to dig into the tradeoffs around traffic, transit, and how the towers would fit into the Miracle Mile streetscape.
Next steps
The application is now logged in the city's case system and will require discretionary approvals, including any density-bonus concessions and design review. Public hearings and environmental review are expected to follow. City planning materials for the Wilshire Courtyard Redevelopment Project provide background on prior environmental studies and outline the review pathway for major redevelopment on the site, according to the Los Angeles Department of City Planning. Documentation is available on the city's planning portal for residents and stakeholders who want to track how the case unfolds.
