The City Council this morning voted to approve the latest joint venture partnership and timeline for the long-delayed Grand Avenue project. The $950 million mega-development being designed by Frank Gehry is now scheduled to break ground in 2018 and open in 2022, according to developer Related Companies. [...]
The project was initially announced before the recession, and stalled during the economic downturn. It has been through numerous design changes. — Los Angeles Downtown News
Grand Avenue’s Music Center Plaza is about to get a major renovation for the first time since it opened to the public in 1964.
Often overshadowed (literally) by the prominent Downtown venues that stand above it, the plaza is a gathering place and event space in its own right. Thus, a major part of the plan would increase event capacity from 1,500 to 2,500.
[LA County] has already given $2 million to plan the project, with $25 million of funding expected down the road. — la.curbed.com
Los Angeles County supervisors gave their blessing Tuesday to a reimagined design for a proposed mix of high-end apartments, businesses and public space across from Walt Disney Concert Hall.
The $750-million plan to redevelop that portion of downtown's Grand Avenue nearly screeched to a halt in September, when a panel of city and county representatives overseeing the project rejected the design presented by developer Related Cos. — latimes.com
The chaos surrounding the Grand Avenue redevelopment may turn out to be a good thing — at least for Frank Gehry and quite possibly for the project as a whole.
LA County Supervisor Gloria Molina and the Grand Avenue Authority surprised developer Related Cos. last week by severely criticizing and temporarily rejecting its plan for a retail complex crowned by hotel, apartment and condo towers. — latimes.com
“It has long been our goal to ensure that the contemporary artworks in the Broad collections are seen by the broadest possible public,” said Eli Broad. “We believe that free general admission to The Broad will help draw visitors to all of the cultural institutions along Grand Avenue.”
Developer Ditches Gehry Mega-Project for Phased Approach, Starting With Second Residential Tower
The real estate development firm Related’s long-delayed plan to build a $2 billion Frank Gehry-designed hotel, housing and retail complex on Grand Avenue has been off the table for several years. Now, a new proposal is finally coming into focus. — ladowntownnews.com
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