Two actions by the Community Redevelopment Agency will speed development of Olympic Park in the block bounded by Hope and 9th streets, Olympic Boulevard and Grand Avenue, thereby giving a boost to its revitalization of the South Park area.
The agency agreed to enter exclusive negotiations with Ratkovich, Bowers and Perez Inc. and the Fashion Institute of Design and Merchandising for development of a $22.3-million, 150,000-square-foot structure with space for the institute's classrooms and administrative space as well as provisions for retail and community service uses.
A $320,000 contract also was awarded to San Francisco landscape architect Lawrence Halprin for the preliminary design of Olympic Park and for streetscape consultation for nearby projects. Halprin will prepare preliminary design drawings within eight months and working drawings and other documents on schedule with the agency's commitment to begin construction by December, 1986.
The park is expected to contain waterworks, public art and landscaping, complemented by such ground-floor uses as cafes, retail facilities, a health club and a child-care center. The fashion institute expects to maintain an enrollment of 2,000 to 3,000.