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Related’s Grand Avenue Towers Takes Shape in Los Angeles
Related Companies revealed the latest vision for The Grand, a $1-billion Frank Gehry-designed mixed-use development in Downtown Los Angeles. The project is slated to break ground this year on a full city block on Grand Avenue at 1st, 2nd, and Olive Streets.
The plan encompasses building two high-rise towers, including a 39-story residential building and a 20-story Equinox Hotel. The project will include 436 apartments and 314 hotel rooms. The planned 200,000 square feet of commercial space will be housed in a retail podium that will include a movie theater, shops and restaurants.
Chinese real estate firm CORE provided a $290-million investment in 2016 to help jump-start the long-awaited project. Construction of Grand Avenue Towers is anticipated to begin in the fall, with completion scheduled for 2021.
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