A massive $1-billion development designed by Frank Gehry is finally coming to Downtown Los Angeles.
Construction of The Grand, a mixed-use project with 39 stories and more than 400 condos and apartments, is underway after 15 years of planning and more than a decade of anticipation. Developers Related Companies and CORE USA expect the two towers to be complete by the fall of 2021, the Commercial Observer reported.
The development adds a 20-story Equinox hotel with 309 rooms, and a 39-story residential tower with about 100 condos and 300 apartments – 80 of which will be designated as affordable housing – to Downtown. Plans also call for 176,000 square feet of retail space, 12,000 square feet of restaurant space, a movie theatre complex, and a public plaza.
The site at 100 S. Grand Avenue was home to the “tinker-toy” parking structure, which was recently demolished. The new towers will face Gehry’s famous Disney Concert Hall across the street.
The developers said the project is part of the biggest development boom in Los Angeles in nearly a century, with $28.5 billion invested in downtown alone between 1995 and 2017.
AECOM was hired last year as the construction manager.