Related Companies today announced that The Grand LA has completed another major construction milestone by topping out its two towers: one at 45 stories and one at 28 stories. Created by renowned architect Frank Gehry to complement his design for the Walt Disney Concert Hall, The Grand LA is is expected to open in early 2022.
Located at the cultural epicenter of downtown Los Angeles on Grand Ave Arts, The Grand LA will be a 24-7 destination for shopping, dining, entertainment and hospitality, as well as a paradigm-shifting place to live. The Grand LA will include 176,000 square feet of retail and dining space and more than 400 residences including 89 new units of affordable housing. The development will also include a large, vibrant public plaza with a series of landscaped, open terraces that will play host to free arts programming throughout the year, including live concerts.
Within walking distance of The Grand LA are eight different cultural venues, creating a natural synergy with the neighborhood’s arts destinations including The Broad, Museum of Contemporary Art, Grand Park, REDCAT, Colburn School and The Music Center. The Grand LA will serve as the Grand Ave centerpiece that brings nightlife, dining and retail destinations to downtown for residents and visitors alike.
“After more than 20 years in the making, there’s never been a better time for The Grand LA—the ongoing pandemic has given us all a renewed appreciation for the cultural, culinary and entertainment experiences at the heart of this project,” said Jeff T. Blau, chief executive officer of Related Companies. “Thank you to the incredible construction team that has redefined the downtown skyline and continued to keep The Grand rising throughout 2020.”
“As chair of the Los Angeles County Board of Supervisors and chair of the Grand Avenue JPA, it gives me great joy to see the development of The Grand come to fruition, for it represents a new beginning as a vibrant cultural and entertainment destination for Los Angeles County,” shared Los Angeles County Board of Supervisors Chair Hilda L. Solis, Supervisor to the First District. “Increasing access to the arts and cultural institutions continues to be a priority for me, and I am confident that with a combination of increased transit, workforce opportunities and affordable housing units, we are making these spaces more accessible for all.”
"Today's topping out ceremony at The Grand represents a key benchmark for a renewed and revitalized downtown Los Angeles,” said Kevin De Leon, councilmember for the City of Los Angeles. “As the pandemic begins to recede and we start to shift our focus toward rebuilding our communities and economy, the ongoing construction offers up a ray of promise that downtown Los Angeles will help lead the city's economic resurgence. The Grand will serve to generate thousands of new jobs and over 20% new affordable housing units at a time we desperately need more of both."
“We’re proud to be a part of the continued evolution of downtown LA and to once again work with the great team at Related to help realize their vision of another project that will truly transform a neighborhood,” said Eric Schreiner, executive vice president, Southern California operations manager at AECOM. “We’re also extremely proud of the hundreds of hard-working tradespeople who show up every day to make milestones like this happen and who bring these great projects to fruition.”
The Grand LA is Frank Gehry’s “crown jewel” for his vision that reimagined Grand Avenue. Downtown Los Angeles is the only location anywhere in the world where two Frank Gehry-designed structures exist next to each other, with Walt Disney Concert Hall just across the street from The Grand LA. Gehry designed The Grand LA to also complement and enhance the Walt Disney Concert Hall, The Colburn, The Broad and the other buildings that make up the rich and exciting cultural district emerging on Grand Avenue.
Related and CORE (USA) Investment Holding LLC are funding and executing the development of The Grand under a joint venture partnership known as CORE (USA).
For more information about The Grand LA, please visit www.thegrandla.com and @thegrandla on Instagram.
Related Companies is a global lifestyle company defined by innovation and the most prominent privately-owned real estate firm in the United States. Formed over 40 years ago, Related is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Washington, D.C., Abu Dhabi and London, and boasts a team of over 3,500 professionals. With over $50 billion in assets owned or under development including the 28-acre Hudson Yards neighborhood development on Manhattan’s West Side, Related was recently named to Fast Company Magazine’s list of the 50 Most Innovative Companies in the World. For more information about Related, please visit www.related.com.
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