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ENTERTAINMENT
September 20, 2013 | By Roger Vincent
This story has been corrected. See note below for details. The Walt Disney Concert Hall has been a boon to downtown business, real estate experts say, even though a key long-planned development near it remains stalled. In a region so deprived of landmark buildings that the Hollywood sign often serves as the symbol for Los Angeles, the Frank Gehry-designed Disney Hall has emerged as one of the city's few internationally recognized structures. "It's a very special place, so it's had a real impact on the credibility of downtown L.A.," said John Cushman, chairman of commercial real estate brokerage Cushman & Wakefield.
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CALIFORNIA | LOCAL
January 14, 2014 | By Abby Sewell
Los Angeles County supervisors gave their blessing Tuesday to a reimagined design for a proposed mix of high-end apartments, businesses and public space across from Walt Disney Concert Hall. The $750-million plan to redevelop that portion of downtown's Grand Avenue nearly screeched to a halt in September, when a panel of city and county representatives overseeing the project rejected the design presented by developer Related Cos. Supervisor Gloria Molina criticized the proposal's "boxiness" and lack of appeal to pedestrians, and county Chief Executive William T Fujioka, who also sits on the Grand Avenue Authority, said he was "very, very disappointed" with it. The authority gave Related a four-month extension to return with an acceptable design.
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CALIFORNIA | LOCAL
October 1, 2013 | By Seema Mehta
After rejecting the initial architectural drawings for an ambitious plan to remake downtown's Grand Avenue into a cultural hub, a government panel unanimously voted Monday to give the developer a nearly four-month extension to create a suitable proposal. The 4-0 vote by the Los Angeles Grand Avenue Authority was critical, coming hours before the authority's agreement with the developer expired, which would have thrown the plan into chaos. But the chairwoman of the authority, Los Angeles County Supervisor Gloria Molina, who led the criticism of the design last week, warned that the body was tiring of delays.
ENTERTAINMENT
November 25, 2013 | By Christopher Hawthorne, Los Angeles Times Architecture Critic
Frank Gehry and Related Cos. have kissed and made up. Now we'll see if city and county officials bless the reconciliation. After soliciting plans from other architects in recent months, Related has put Gehry back in charge of the design team for a $650-million retail, hotel and residential complex on Grand Avenue in downtown Los Angeles. On Monday the New York-based developer will submit a new proposal by Gehry's firm to the committee overseeing the project. Gehry's design is significantly more exuberant and suggestive of L.A. culture than designs for the site by the firms Gensler and Robert A.M. Stern Architects, which Los Angeles County Supervisor Gloria Molina, chair of the committee, blasted in September as bland and uninspired.
CALIFORNIA | LOCAL
February 12, 2009 | Cara Mia DiMassa
As a deadline looms for the Grand Avenue project to begin construction, the developer of the $3-billion effort is seeking revisions to its agreement with the city and county about scheduling -- though it's unclear what those changes might be. Last year, the developer, Related Cos., agreed to pay financial penalties to the Los Angeles Grand Avenue Authority if ground wasn't broken by Feb. 15. Those penalties would total $250,000 a month until the...
CALIFORNIA | LOCAL
July 29, 2008 | Cara Mia DiMassa, Times Staff Writer
The joint city-county board overseeing the much-delayed, $3-billion Grand Avenue project established financial penalties Monday that the developer must pay if ground isn't broken by February. The action marks the toughest stance yet by city and county leaders overseeing the development of the Frank Gehry-designed residential and commercial complex, which many see as a centerpiece in the revitalization of downtown Los Angeles.
BUSINESS
December 18, 2007 | From Times Wire Services
Related Cos., the owner of Manhattan's Time Warner Center and a bidder for a 26-acre development site west of Midtown, received $1.4 billion from investors including Goldman Sachs Group Inc. and the government of Abu Dhabi. Goldman Sachs and MSD Capital, the investment vehicle of Dell Inc. Chief Executive Michael S. Dell, bought a 7.5% equity stake in closely held New York-based Related, the firm said. Mubadala Development Co.
CALIFORNIA | LOCAL
January 14, 2014 | By Abby Sewell
Los Angeles County supervisors gave their blessing Tuesday to a reimagined design for a proposed mix of high-end apartments, businesses and public space across from Walt Disney Concert Hall. The $750-million plan to redevelop that portion of downtown's Grand Avenue nearly screeched to a halt in September, when a panel of city and county representatives overseeing the project rejected the design presented by developer Related Cos. Supervisor Gloria Molina criticized the proposal's "boxiness" and lack of appeal to pedestrians, and county Chief Executive William T Fujioka, who also sits on the Grand Avenue Authority, said he was "very, very disappointed" with it. The authority gave Related a four-month extension to return with an acceptable design.
ENTERTAINMENT
July 30, 2010 | By Mike Boehm, Los Angeles Times
Eli Broad's willingness to spend an estimated $100 million to build his downtown art museum has been a leading point in its favor, but the fine print of the deal approved earlier this month by L.A.'s Community Redevelopment Agency calls for Broad's museum to eventually receive millions of public dollars as a kind of rebate on its construction cost. The museum, tentatively named the Broad Collection, is on track to become the first structure built in the $3-billion Grand Avenue Project, a boulevard of condos, cultural sites, stores, offices and a hotel.
CALIFORNIA | LOCAL
February 17, 2010 | By Cara Mia DiMassa
The vision of a civic park in downtown Los Angeles, running from City Hall to the Music Center, moved one step closer to reality Tuesday, as the Los Angeles County Board of Supervisors voted to approve funding and development agreements on the park. The park is expected to break ground in June. The civic park is the only piece of the multibillion-dollar Grand Avenue project that has been moving forward. The rest of the development, which calls for high-rise condos and retail outlets on mostly vacant lots on Bunker Hill, has been stalled by the economic slowdown.
ENTERTAINMENT
October 3, 2013 | By Christopher Hawthorne, Times Architecture Critic
On Wednesday evening I took part in a panel discussion at Walt Disney Concert Hall with Mayor Eric Garcetti, Eli Broad, Frank Gehry and Los Angeles Philharmonic President Deborah Borda. We were guests in a live on-stage version of the KCRW radio program “Which Way, L.A.?,” with Warren Olney and Frances Anderton as hosts. The program was planned to mark the 10th anniversary of Disney Hall. But it was also meant to examine the future of Grand Avenue and long-delayed redevelopment plans for Bunker Hill being overseen by a joint city and county committee.
CALIFORNIA | LOCAL
October 1, 2013 | By Seema Mehta
After rejecting the initial architectural drawings for an ambitious plan to remake downtown's Grand Avenue into a cultural hub, a government panel on Monday unanimously voted to give the developer a nearly four-month extension to create a suitable proposal. The 4-0 vote by the Los Angeles Grand Avenue Authority was crucial, coming just hours before the authority's agreement with the developer expired, which would have thrown the entire plan into chaos. But the chairwoman of the authority, Los Angeles County Supervisor Gloria Molina, who led the criticism of the design last week, warned that the body was tiring of delays.
ENTERTAINMENT
October 1, 2013 | By Christopher Hawthorne, Times Architecture Critic
Ending several days of turmoil over the Grand Avenue redevelopment project, the joint city-county committee overseeing it voted Monday to extend its agreement with New York developer Related Cos. through Jan. 20. The decision by the Grand Avenue Authority means Related will continue to refine plans for the site across Grand Avenue from Walt Disney Concert Hall. That property, called Parcel Q, is expected to hold a large complex with shops and restaurants along Grand, topped by a pair of towers holding hotel rooms, apartments and condominiums.
CALIFORNIA | LOCAL
October 1, 2013 | By Seema Mehta
After rejecting the initial architectural drawings for an ambitious plan to remake downtown's Grand Avenue into a cultural hub, a government panel unanimously voted Monday to give the developer a nearly four-month extension to create a suitable proposal. The 4-0 vote by the Los Angeles Grand Avenue Authority was critical, coming hours before the authority's agreement with the developer expired, which would have thrown the plan into chaos. But the chairwoman of the authority, Los Angeles County Supervisor Gloria Molina, who led the criticism of the design last week, warned that the body was tiring of delays.
CALIFORNIA | LOCAL
September 29, 2013 | By Seema Mehta and David Zahniser
The push to transform downtown's Grand Avenue into a Champs-Elysees for Los Angeles has faced years of delays and obstacles. The ambitious plan to create a tony cultural destination around the landmark Walt Disney Concert Hall has already been scaled back because of the recession. Now, with a key deadline set for Monday, the centerpiece of the Grand Avenue project - two towers offering luxury condos, a hotel, and high-end shops and restaurants - is facing another critical test. In a little-noticed meeting last week, county Supervisor Gloria Molina and other officials unanimously rejected the conceptual plan for the $650-million project, with Molina criticizing the design and saying developer Related Cos. had failed to create an enticing public space that went beyond expensive shops and restaurants.
ENTERTAINMENT
September 20, 2013 | By Roger Vincent
This story has been corrected. See note below for details. The Walt Disney Concert Hall has been a boon to downtown business, real estate experts say, even though a key long-planned development near it remains stalled. In a region so deprived of landmark buildings that the Hollywood sign often serves as the symbol for Los Angeles, the Frank Gehry-designed Disney Hall has emerged as one of the city's few internationally recognized structures. "It's a very special place, so it's had a real impact on the credibility of downtown L.A.," said John Cushman, chairman of commercial real estate brokerage Cushman & Wakefield.
CALIFORNIA | LOCAL
October 1, 2013 | By Seema Mehta
After rejecting the initial architectural drawings for an ambitious plan to remake downtown's Grand Avenue into a cultural hub, a government panel on Monday unanimously voted to give the developer a nearly four-month extension to create a suitable proposal. The 4-0 vote by the Los Angeles Grand Avenue Authority was crucial, coming just hours before the authority's agreement with the developer expired, which would have thrown the entire plan into chaos. But the chairwoman of the authority, Los Angeles County Supervisor Gloria Molina, who led the criticism of the design last week, warned that the body was tiring of delays.
CALIFORNIA | LOCAL
July 16, 2010 | By Kate Linthicum, Los Angeles Times
City and county leaders held a groundbreaking ceremony Thursday morning for the multibillion-dollar Grand Avenue Project's first piece: a lush new urban park that will stretch from the Music Center to City Hall. Crews have already begun construction on the 16-acre, four-block Civic Park, which will include a dog run, several plazas and a performance stage and lawn. At the ceremony Thursday, Los Angeles County Supervisor Gloria Molina praised the project as "a much-needed oasis."
BUSINESS
January 10, 2013 | By Roger Vincent, Los Angeles Times
The Broad art museum being built next to the Walt Disney Concert Hall in downtown Los Angeles will soon be flanked by another noteworthy structure: a $120-million apartment tower linked to the museum by a shared plaza. A groundbreaking ceremony will be held Thursday for the 19-story apartment complex that is part of the vaunted Grand Avenue Project launched more than a decade ago to transform barren blocks on Bunker Hill. Developer Related Cos., which recently completed the $56-million Grand Park between the Music Center and City Hall, is building the 271-unit apartment tower south of the Broad museum on Grand Avenue between 2nd and 3rd streets.
CALIFORNIA | LOCAL
June 3, 2012 | By Sam Allen, Los Angeles Times
Bunker Hill is showing signs of life. A new 12-acre Civic Park is nearly complete, sloping down to the steps of City Hall in a cascade of stairs and lawns. Down the block, the skeleton of the Broad Museum is rising on Grand Avenue, set to take its place alongside the Museum of Contemporary Art, Walt Disney Concert Hall and the Dorothy Chandler Pavilion. But at the center of it all, the land set aside for what was to have been downtown L.A.'s transforming development remains untouched.
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