The Gehry Partners-designed buildings for the Grand Avenue development project in Los Angeles seem to be nearing the start of their construction, now that developer Related Companies has filed building permits for the project with the city of Los Angeles. This important step was taken after the American real estate firm had partnered, last December, with Chinese investor CORE who would supply the $1 billion-project with a total of $290 million.
Gehry’s towers will reside at 100 South Grand Avenue, on the opposite of the street from the famous Walt Disney Concert Hall, designed by Frank Gehry himself. The developers have set a new date for the beginning of the construction of the project. It will be in 2018, more than 10 years after its initial ground breaking date in 2007, and the construction is expected to be complete by 2022.
The two towers which comprise the development are shaped like stacked boxes, the higher of which is 39-storey-high and will contain 128 condominiums, 214 market rate apartments, as well as 86 funded affordable housing units. The lower tower, on the other hand, will be 20-storey high, and it will house a 300-room Equinox Hotel. The development will, also, include a total area of 200,000 square feet assigned for commercial use and 1500 parking spaces.