Truth matters. Community matters. Your support makes both possible. LAist is one of the few places where news remains independent and free from political and corporate influence. Stand up for truth and for LAist. Make your year-end tax-deductible gift now.
This is an archival story that predates current editorial management.
This archival content was written, edited, and published prior to LAist's acquisition by its current owner, Southern California Public Radio ("SCPR"). Content, such as language choice and subject matter, in archival articles therefore may not align with SCPR's current editorial standards. To learn more about those standards and why we make this distinction, please click here.
Grand Avenue Project Gets Green Light
Thanks to $100 million in money from a royal family of Dubai, the Frank Gehry residential and retail project along Grand Avenue is finally getting its go-ahead, months after delay due to worries of the economy, downtown's real estate market, project details and plan approvals. The first phase of the plan takes place directly across the street from Disney Hall where starting next month, crews will begin to dismantle the parking garage and lot, making room for two buildings, one 48 stories high and the other 19.
"The taller tower -- 48 stories -- would include rooftop pools, 264 high-end condo units, a 289-room Mandarin Oriental and an Equinox health club," reports the LA Times. "The second, 19-story tower would include nearly 100 rental units -- designated as affordable housing -- and 126 condominiums." The first phase plan also calls for a civic park that would extend the current civic park between the county court house and hall of administration towards City Hall, but no date has been announced for the ground breaking of that portion of the phase.
The three-phase plan, which includes up to four more buildings is considered to be a major "lynch-pin" for Downtown's revitalization.
Image from the Grand Avenue Committee
You come to LAist because you want independent reporting and trustworthy local information. Our newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our connected community. We are free to tell the full truth, to hold power to account without fear or favor, and to follow facts wherever they lead. Our only loyalty is to our audiences and our mission: to inform, engage, and strengthen our community.
Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive before year-end will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive before year-end will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
Senior Vice President News, Editor in Chief
