The approximately $1-billion development, slated to replace a parking structure across the street from Walt Disney Concert Hall, was conceived more than a decade ago as a public-private partnership between Related and various city and county agencies.
<img src="https://archinect.imgix.net/uploads/54/54a7ac180cc0667adf10c96df740e093.jpg?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><em>With a $630-million construction loan in hand, Related Cos. will begin site preparation this month for The Grand, a long-awaited Frank Gehry-designed tower complex in Downtown Los Angeles.
About a decade delayed, the Frank Gehry-designed The Grand development (formerly known as Grand Avenue Project) will finally start coming to life atop Bunker Hill in Downtown Los Angeles. Pre-construction work is scheduled to commence this month on the plot that sits vis-à-vis Gehry's other neighborhood landmark, the Walt Disney Concert Hall completed in 2003. The $1 billion mixed-use project comprises two towers (one 39-story residential high-rise and a 20-story hotel), a central public plaza, a movie
restaurants as well as retail spaces. Completion is scheduled for late 2021.