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.
For more information on this and other upcoming hotel construction and renovation projects in the planning, design, pre-construction and construction phase including who is involved and their contact information and Preferred Vendor Directory please visit: HotelProjectLeads.com and subscribe today.