Grand Avenue is about to get a little grander: developer Related tells the Downtown News that work starts Friday (really!) on its 19-story tower, which is going up next to the under-construction Broad Museum (itself next to the Walt Disney Concert Hall). An official groundbreaking takes place January 10, but the construction crews are arriving before the holidays. When it opens in late 2014, the tower will feature 271 units, including 54 low-income apartments, and 5,000 square feet of retail that's expected to house a restaurant (while there's a dearth of retail on Grand, walkable restaurant options for opera/concert aficionados are also piss-poor). Designed by Miami-based Arquitectonica (behind a lot of wacko international projects), the tower will rise on a piece of land called Parcel M, which was originally supposed to be developed in the second phase of the giant, shape-shifting Grand Avenue megaproject--the entire plan for housing, hotels, and retail is delayed due to financing woes (the Grand Park is the first and only component so far). Related was given an extension on breaking ground on all of that, with a new deadline in February, and the developer will likely seek another extension from the city.
· Grand Avenue Tower to Break Ground [Downtown News]
· Arquitectonica Designing 19 Story Grand Avenue Apartment Tower [Curbed LA]