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No Gansevoort for Downtown LA

Heartbreaking news this morning. We learn from the kind people of the Gansevoort Hotel Group that the proposed Gansevoort West at 9th and Grand downtown is off. We've been waiting for more news since our last update in August, but unfortunately none came. And now this from the GHG people: "The Gansevoort Hotel Group (GHG) and The Chetrit Group have renegotiated the two projects they currently have under development. GHG will wholly own and manage the Gansevoort South hotel and condominium development in Miami. The Chetrit Group will develop the 9th Street/Grand Avenue project in Los Angeles under a different brand name; GHG will not be involved." And it was such a lovely rendering...
· Gansevoort West: Update in Brief [Curbed LA]