One of Downtown LA’s most high-profile projects has taken a big step forward, signaling that construction might actually—and finally—start soon. Related Companies, the developer of Bunker Hill’s Grand Avenue Project, has filed for building permits for the project, reports Urbanize LA.
Related had recently set a 2018 groundbreaking date, but the Frank Gehry-designed project has been up in the air for so long, it was hard to believe it was really going to happen this time. (Related had once expected to break ground in 2007.)
The Grand Avenue Project will rise on a parking lot just east of the Walt Disney Concert Hall, in the form of two towers. One would reach a height of 39 stories and hold 128 condos, 214 market rate apartments, and 86 affordable housing units.
The other tower would rise 20 stories and hold a four-star, 305-room hotel operated by Equinox. (Yes, Equinox the fancy gym.)
Construction is expected to be complete by 2022.
The Grand Avenue project was planned as a multi-parcel project. Other pieces of the project—the Emerson apartments, Grand Park—are checked off, but there’s still a piece missing from the puzzle: a parking lot at 120 South Olive Street. Plans for that property have yet to be finalized.