After years of delays, several investors have come together to transform Grand Ave into a central point within Downtown Los Angeles. Now, a new project is beginning to take shape on Grand Ave by the same architect that designed the Walt Disney Concert Hall, Frank Gehry. As a way to liven up the city block that has been uneventful for half a century, civic leaders and several Chinese companies have been working together to attract people into one big plaza. Take a look at this magnificent project happening right next door to our offices!
With construction beginning early this fall, Frank Gehry’s design will begin coming to life as downtown LA’s expansive construction boom has helped lift these designs for a mixed-use development. The Grand project is set to establish a lively 24-hour hub as it is located right across from one of the city’s premier cultural destinations, the Walt Disney Concert Hall! The distinct architecture and the beauty of its public garden have made the Walt Disney Concert Hall one of LA’s top travel destinations.
Moreover, the Grand project will be bringing several reasons for many visitors to want to visit Grand Ave as this two-tower complex will consist of a 39-story building featuring 323 apartments and 113 condos, as well as a 20-story, 314-room Equinox hotel. Additionally, the project will have a retail podium which will feature more than 209,000 square feet of shops, restaurants, open space, and a 450-seat cinema complex. According to the Los Angeles Times, 20% of the apartments will be available to low-income tenants, who will pay subsidized rents.
Equally as important, the Grand project has been designed to be compatible with that of the design of the Walt Disney Concert Hall which is located right across from this complex. For many years the hundreds of thousands of visitors that would visit the Walt Disney Concert Hall to admire its unique architecture would routinely turn their backs on the eyesore across Grand Avenue, a shabby open-air parking structure known as the “Tinker Toy garage.” As Grand Ave has always been known for its office skyscrapers, apartment towers, museums, and the Colburn School for performing arts, the block across the street from the Walt Disney Concert Hall has always appeared barren and uneventful for the overall picture of Grand Ave. But now, with the $290 million investment of CCCG Overseas Real Estate Ltd., the Grand has been able to move forward in recent years.
“Given the upscale view of Grand Avenue and what it’s become, we want it to invite everyone.”
-Jose Huizar, City Councilman
The Grand Avenue project is set to be completed by 2022 as the city councilman hopes to include amenities and community benefits to welcome everyone. Grand Avenue has been receiving many improvements as the Broad opened in 2015 which has attracted over 750,000 visitors a year! Additionally, the Wells Fargo Center is currently undergoing a renovation at its food court to become an indoor-outdoor environment with several restaurants, bars, and coffee shops.