Mix yeast, water, sugar, and ½ cup of flour together in a mixing bowl. Cover and let sit for 30 minutes or up to 2 hours until the surface resembles a sponge.
Mix in remaining flour, salt, olive oil and cold water. Knead for five minutes with the dough hook attachment, or by hand, until a smooth but slightly sticky ball of dough is formed. If it seems too wet, knead a bit more flour into it.
Oil a large bowl and put the ball of dough into the bowl, then flip the dough over so the oiled side is up. Cover the bowl with plastic wrap or a kitchen towel and let sit in a warm place until doubled in size, 1 ½ to 2 hours.
After the dough has risen, you can punch it down and refrigerate it for a few hours, or overnight. Let it come to room temperature before continuing.