The Grand, which is being developed by Related Cos., occupies a full city block directly across the street from the Walt Disney Concert Hall. The project's 39- and 20-story towers will contain a total of 436 rental apartments - including 80 units of deed-restricted affordable housing - as well as a 309-room Equinox Hotel.
The two high-rise buildings stand above a shared podium-structure and landscaped courtyard, which will be activated with 176,000 square feet of shops, restaurants, and terrace decks. The buildings are oriented around an east-west paseo cutting through the site, creating a pedestrian connection between Olive Street and Grand Avenue.
Parking for more than 1,000 vehicles will be located in a subterranean garage beneath the property, with access provided via lower Grand Avenue.
Completion of The Grand is on pace to occur in 2022.
Despite its scale and ten-figure price tag, The Grand is merely one phase of a larger master-planned project which Related Cos. is developing in partnership on a series of publicly-owned properties. Several components of the Grand Avenue project are already complete - including the 12-acre Grand Park, The Broad contemporary art museum, and the Emerson apartment tower. The final phase of the development would replace a parking lot located across Olive Street from The Grand.
Gehry, who designed Disney Hall, is also poised to work on two additional concert hall one block east. The Colburn School has tapped the architect to design its $310-million expansion at 2nd and Olive Streets.
The new commercial developments will be complemented by a new subway station now being built at 2nd and Hope Streets as part of Metro's Regional Connector project. The 1.9-mile subway, like The Grand, is expected to open in 2022.
- The Grand (Urbanize LA)