Grand Development Downtown
The Committee chose New York-based Related Cos. to develop the four parcels, for which design proposals are still pending. Local patron of the arts and real estate magnate Eli Broad and representatives from the City and County of Los Angeles are directing the effort. The parcels are owned by both public entities, and Los Angeles City Council and the County Board of Supervisors will have final project approval.
Related Cos. undertook the Time Warner Center at Columbus Circle, the latest major addition to the Manhattan skyline. The Grand Avenue project cost is estimated to slightly exceed that of the $1.7 billion Time Warner Center, and the projects will share an architect. [Correction: cost is estimated at $1.2 billion.] David Childs of Skidmore, Owings and Merrill will collaborate with local contemporary architecture luminary Thom Mayne of Morphosis. Mayne is already busy Downtown with Caltrans District 7 headquarters under construction nearby. The firm is making its mark elsewhere; Morphosis recently won the New York 2012 Olympic Village design study.