The $1 billion mixed use development The Grand and Marquee in downtown Los Angeles, California continues to progress with the anticipated completion at the end of 2021. The Grand is a Frank Gehry-designed, mixed-use development on Grand Avenue across from The Broad museum and Walt Disney Concert Hall. The project is being developed by Related Companies and its partner CORE USA, a joint venture of China Harbour Engineering Company and CCCG Overseas Real Estate (CORE). Deutsche Bank served as the Lead Arranger and Administrative Agent. The Grand will include a dynamic mix of retail, hotel, dining, entertainment and residential anchored by a central public plaza. The 215,000 square feet of retail space will include destination restaurants and retail among a series of landscaped open terraces along with a movie theater complex and a 20-story, 309-room Equinox Hotel. The residential component will contain over 436 residences in a 39-story tower and 20% of residential units will be affordable. AECOM is serving as construction manager.
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