Grand Avenue Project
||Parts of this article (those related to construction dates) need to be updated. (April 2015)|
The Grand Avenue Project is a project currently under development in Downtown Los Angeles, along Grand Avenue. On February 14, 2007 both the Los Angeles City Council and the Los Angeles County Board of Supervisors approved the project, and officials originally hoped to break ground in December 2007. The project has been developed in stages due to the Great Recession. On July 26, 2012, Grand Park opened to the public as the initial phase of the project followed by the unveiling of a 19-story luxury condo tower in the Fall of 2014. The Broad, located between the Disney Concert Hall and the condo tower, is set to open in 2015. The final phase of the project, on a lot directly east of the Disney Concert Hall, will have two skyscrapers. They will consist of apartments and an Equinox Hotel. Construction is set to start in December 2015 and open by the end of 2018.
The project's key public component is the Grand Park, a 16-acre (6.5 ha) park stretching between the development's two boundaries: City Hall and the Department of Water and Power building. The park was designed to be pedestrian friendly and connects Bunker Hill to the Civic Center. The park includes tree-shaded sidewalks, fountains, plenty of street lights, benches, and kiosks, to encourage the walking and exploration of the area, which was designed to encourage residents and visitors to enjoy a family-friendly green space in downtown Los Angeles, with musical events and other park activities staged at Grand Park. The remaining two high rise towers set to rise across from the Disney Concert Hall are being designed by famed architect Frank Gehry.
- Vincent, Roger (13 February 2014) "With sale of Two California Plaza, Bunker Hill is poised for comeback" Los Angeles Times