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  #1  
Old Posted Jan 20, 2008, 4:54 AM
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Originally Posted by JDRCRASH View Post
Well, the designs haven't been finalized, so it may alter itself gradually.
That's what they always say about Gehry buildings.
     
     
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Old Posted Mar 9, 2008, 12:17 AM
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Grand Avenue Partners Get First Approval

News Brief

The Community Redevelopment Agency board last Thursday approved developer Related Companies' new key equity partner, Istithmar - an investment fund controlled by the royal family of Dubai - in the first phase of its $3 billion Grand Avenue project. Los Angeles Downtown News last month was the first to report that Related joined with Istithmar after a previous partner, California Public Employees' Retirement System, and its investment manager MacFarlane Partners, pulled out of the Bunker Hill project officially known as The Grand. A third investor, the Mandarin Oriental Hotel Group, was also approved Thursday. Related of California President Bill Witte has said that Istithmar has committed $100 million to the project, expected to account for about 40% of the initial equity. Mandarin Oriental has committed $42 million with another $20 million expected, while Related will assume responsibility for the balance and may bring in another partner. The new partnership must also be approved by the County Board of Supervisors and the Grand Avenue Authority, expected to happen by the end of this month. Once approvals are complete, Related can move forward with demolishing a multi-level parking structure at First Street and Grand Avenue. The developer is also in the process of finalizing the project's construction documents, a necessary step before securing the estimated $600 million-plus construction loan. Phase one of The Grand, designed by Frank Gehry, will feature a 48-story Mandarin Oriental Hotel & Residences with 295 rooms and 266 condominiums, a 19-story residential tower with 126 market-rate apartments and 98 affordable units, 250,000 square feet of retail, an Equinox health club, a nightclub and a 16-acre civic park. Completion is expected in 2011.

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Source: Los Angeles Downtown News
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  #3  
Old Posted Mar 10, 2008, 12:23 AM
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I was under the impression that this was the final approval of investors needed. But it sound like we need to wait until the end of the month before the project can move forward.
     
     
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Old Posted Mar 18, 2008, 9:27 AM
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Funding Puts Grand Avenue Plan in Starting Position

With $100 million from a Dubai fund, construction of the massive mixed-use development in downtown Los Angeles will begin next month, officials say.

By Cara Mia DiMassa, Los Angeles Times Staff Writer
March 18, 2008

Armed with $100 million from Dubai and a refined design plan, officials Monday said construction will finally begin next month on the Frank Gehry-designed residential and shopping plaza along Grand Avenue that is considered a linchpin to downtown L.A.'s revitalization.

The announcement comes after months of delays and questions about the viability of such a massive development in the midst of L.A.'s real estate slump.

But those doubts were eased significantly Monday when the government agency overseeing the redevelopment approved the investment of Istithmar, a fund controlled by the royal family of Dubai.

The fund stepped in with $100 million after one of Grand Avenue's big early investors, California Public Employees' Retirement System, exited the project, saying the organization was already too heavily invested in the downtown real estate market.

The investment from Dubai gives the developer, Related Cos., the money needed to secure construction loans -- allowing it to finally tear down a parking structure across from the Walt Disney Concert Hall, where the first phase of the development will be built. The $2-billion plan calls for shops, condo towers and a boutique hotel -- as well as a civic park -- on city and county land on Bunker Hill.

"There will always be challenges on this project." said Bill Witte, chief executive of Related California, which is overseeing the project. "But we feel very good about where it is now."

Construction was expected to begin last fall, but the time required for design development and project approvals caused delays.

A lot is riding on the project. Grand Avenue is seen by downtown boosters as a way to bring night life and an upscale feel to the city center.

Russell Brown, president of the Downtown Los Angeles Neighborhood Council and executive director of the Historic Downtown business improvement district, said he had been hearing for months concerns that Grand Avenue was in trouble.

"But any large project takes a while to work things through," Brown said. "In many ways, these haven't been routine delays. To be able to go through those hurdles, in spite of that uncertainty, expresses a great amount of confidence in downtown, and in L.A. I think it's going to be an amazing event."

Craig Webb of Gehry Partners said details of the project were fleshed out from the initial schematic design. Those refinements, he said, included figuring out the facades of the project's two towers, doorway locations and stonework patterns -- "pretty specific stuff."

The towers -- which would house residences as well as a Mandarin Oriental hotel -- would be "skinned" with a combination of glazing, stone and precast concrete.

In addition, Webb said, "we've been working on the interiors of the apartments, getting into very fine details about the kitchens and the bathrooms -- all the stuff that makes a building go together. The full building from top to bottom."

Now, Webb said, another firm will take the designs and translate them into thousands of pages of construction documents.

Two aspects of the design -- the landscaping and public art components -- are still in the works, Witte said. He said he expected the Grand Avenue Authority, which is made up of city and county leaders, to consider those elements in May.

Plans for a public park that is part of the project's first phase are also in the initial stages. Officials hope to unveil a proposed schematic design for the park at a meeting in late April, where they also plan to discuss how the park will be operated and programmed. Witte said he expected construction to begin on the park this year.

There remain skeptics who wonder whether downtown L.A. is being overdeveloped with condo projects. In addition to Grand Avenue, there are a slew of residential towers rising around Staples Center, a 76-story tower proposed next to Pershing Square and other older office buildings being renovated for apartments.

In the last year, about a third of all proposed housing developments downtown have been put on hold or canceled. They include the 50-story Zen tower on 3rd and Hill streets, the Mill Street Lofts in the industrial district, the multitower Metropolis off the 110 Freeway and the conversion of the former Herald Examiner building.

At the meeting Monday, some officials noted downtown's changing landscape.

"We need to continue to wish ourselves good luck," said L.A. County Supervisor Gloria Molina.

The three-phase Grand Avenue project ultimately could include eight condo and office towers, retail stores, a boutique hotel and public park. The first phase includes two towers at opposite ends of the block east of Disney Concert Hall -- set that way to preserve sightlines to the venue from many parts of downtown. The taller tower -- 48 stories -- would include rooftop pools, 264 high-end condo units, a 289-room Mandarin Oriental and an Equinox health club.

The second, 19-story tower would include nearly 100 rental units -- designated as affordable housing -- and 126 condominiums. Phase one also includes the civic park northeast of the concert hall.

The second phase is to be built on the block south of Disney Hall, with preliminary plans calling for two 30- to 35-story residential towers, one five- to six-story residential building and more retail stores and parking. The third phase would go two blocks east of the concert hall. Preliminary plans call for a 35- to 40-story residential building that would include some retail shops and possibly a 15- to 20-story building with office space or condos.

Brown said he had recently returned from Bilbao, Spain, where he saw the Frank Gehry-designed Guggenheim Museum and a trolley system built throughout the city. Brown, who has been working on a similar street car system for Los Angeles, said the trip convinced him of "the extent to which significant architecture and public spaces can really revitalize whole city centers."

He predicted that the public park and Grand Avenue's retail spaces, which could potentially include a gym, bookstore and grocery store, "will start to pull together parts of the community on the northern part of downtown that have never been there before."

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Source: Los Angeles Times
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  #5  
Old Posted Apr 26, 2008, 1:24 AM
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Grand Avenue Park Price Could Rise

Developer and Officials Unveil Designs, Say 'Enhanced' Facility Would Surpass $50 Million

By Anna Scott

Developer Related Cos. and local officials last week unveiled initial designs of a proposed 16-acre Downtown Civic Park, part of Related's $3 billion Grand Avenue development. They also acknowledged that providing more than the most basic amenities could push the price tag well beyond the long discussed budget of $50 million.

Related and the county last week went to the state seeking $30 million in funds for the park project.

Hundreds of people milled around the light-filled mezzanine of the Dorothy Chandler Pavilion on the evening of Tuesday, April 22, and stayed well after dark to peruse models, view a presentation and discuss plans for the park that will stretch from the Music Center at Grand Avenue to City Hall at Spring Street.

In a twist, design firm Rios Clementi Hale Studios presented two options: A "base park," budgeted for the $50 million that Related Cos. has already paid (now $56 million, thanks to nearly $1 million in state funds and interest earned on the initial payment) and an "enhanced park," which would require an unspecified amount of additional funding.

Construction on the basic design is expected to begin next spring and wrap in summer 2011. The enhanced version, officials said, could unfold gradually as county and other officials secure more funding.

"We have a limited amount of money," said Second District County Supervisor and Grand Avenue Authority Chair Gloria Molina on Tuesday. "Let's plan a green space, a public park that is accessible to everyone... with the money we have."

While developers and officials stressed the constraints on plans for the park, critics said the money already in hand should be enough.

"Why are they even thinking about anything more than what they have the money to do?" asked Paul Novak, planning deputy for Fifth District Supervisor Mike Antonovich. "You've got a very speculative real estate project in a down economy with rising construction costs, all of which is being subsidized by taxpayers from Encino to Long Beach to Lancaster. That's a scary recipe."

A Park in Two Parts

The 3.6 million-square-foot, Frank Gehry-designed Grand Avenue project, officially known as The Grand, is expected eventually to bring 2,600 housing units, 449,000 square feet of retail, a hotel, a grocery store and a health club to Bunker Hill.

The approximately $1 billion first phase is slated for completion in 2011.

The Grand, which will rise on publicly owned land, is overseen by the Grand Avenue Authority, comprised of officials from the county, the city and the Community Redevelopment Agency. Related, fulfilling part of its agreement to develop The Grand, serves as project manager for the Civic Park.

Last Tuesday at the Dorothy Chandler Pavilion, near where the mega-development will rise, Mark Rios, a principal at Rios Clementi Hale, and programming consultant Mary McCue presented their proposals for the park.

The base plan is anchored by the existing Arthur J. Will Memorial Fountain, between the County Hall of Administration and the County Courthouse. It would be renovated and upgraded with features such as programmable pop-jets and dramatic lighting. The design also includes space for public art installations, lawns and gardens designed to host everything from farmer's markets to large concerts, a 3/4-mile pedestrian loop and a series of "sun gardens" and "shade gardens" along the northern and southern boundaries of the park, respectively.

The enhanced park features an open-air event pavilion decked out with colorful canopies at the center of the park, a pedestrian bridge spanning Broadway, improvements to surrounding sidewalks and additions such as extra gardens and a carousel.

While the $56 million currently available will cover the basic design, Related officials and the designers have said that ramps necessitated by the site's dramatic grade changes - 18 to 20 feet between blocks in some places - alone will cost $15 million, while equipping the park for large concerts is estimated at $5 million to $7 million.

Last week the county applied for $30 million in state funds for the Civic Park. Though no price tag on the enhanced park was revealed, Related officials said the grant would allow some elements of the design to be implemented.

Antonovich, an outspoken critic of taxpayer subsidies granted to The Grand's developers, abstained from voting on the grant application.

"I think the park grant application is really a precursor for the developer coming back to the city and county and asking for additional taxpayer subsidies for this project," said Novak. "It certainly tells us they're looking for more money."

Related of California President Bill Witte said he is confident that officials will be able to raise enough money to realize the enhanced design through donations, foundation funding and corporate sponsorship.

Mixed Reaction

Attendees of the design presentation included Downtown residents, workers and the merely curious. Reactions ran the gamut from impressed to underwhelmed.

"It's sort of boring to me. For a Grand Avenue project, it's not very grand," said Downtown Los Angeles Neighborhood Council President Russell Brown, though after hearing the presentation he conceded, "It's actually not as horrible as I initially projected it to be."

Brown's primary complaints, echoed by others, included a non-distinct architectural style even in the enhanced design, as well as a lack of integration with nearby public transportation.

Rios and McCue emphasized programming and activities as the key to the park, discussing large and intimate spaces, outdoor dining areas and restaurants, along with family-friendly events. "What we end up with is a park that needs to be about something," said Rios. "We want it to be a place that is about social engagement."

Others complimented the design. "They've basically laid out the infrastructure fine," said DLANC member and Downtown activist Brady Westwater, though he also voiced concerns about parking and transportation impacts.

Some were excited at the prospect of having a large park in Downtown Los Angeles. "I like it," said Nathan Johnston, 29, an accountant who lives a few blocks from Grand Avenue. "I'll be glad to see the parking lots go."

Local resident Brian Lin, 32, who works in admissions at USC, agreed, citing a growing and "glaring" need for family- and pet-friendly green space Downtown.

Ninth District Councilwoman and Grand Avenue Authority Vice Chair Jan Perry called the base park design "a good first cut." The next step, she said, should be to proceed with construction "and then see what we encounter."

Even if adjustments are made along the way, she said, "I think it's going to redefine Downtown in ways that people haven't even imagined yet."

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Source: Los Angeles Downtown News
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  #6  
Old Posted Apr 26, 2008, 3:57 PM
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Here's an audio recording of the Civic Park presentation on April 22:

http://www.learcenter.org/html/projects/?cm=grand
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  #7  
Old Posted Apr 29, 2008, 12:50 AM
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Grand Avenue Construction Pushed to 2009

Developer Delays Phase One Completion Another Year

By Anna Scott

Developer Related Companies has announced that it is delaying construction on the $3 billion Grand Avenue project until next year, a company official said Monday afternoon. The company previously planned to break ground this summer.

Under the revised schedule, phase one construction would begin on Feb. 15, 2009, and finish in 2012 instead of 2011 as previously anticipated.

Initially, Related intended to begin construction on the project in October 2007, but the schedule has been pushed back multiple times.

The latest rescheduling stems from the difficulty in securing a construction loan in the ongoing credit crunch, said Related of California President Bill Witte. The previous schedule, he said, was based on the assumption that Related would be able to secure construction financing based on partially completed construction documents.

"As the financial world tightens and tightens, it's clear that's not going to be possible," said Witte.

"Nothing has changed in the timing of the documents," he added. "What has changed is our assessment of whether we can get a loan right now."

The developer plans to finalize construction documents for the Bunker Hill complex, which will include design details and help determine building costs, by the end of the year. Related will then move forward with demolishing a multi-level parking structure at Grand Avenue and First Street, probably in November, Witte said. Related previously intended to demolish the structure this past March, but decided to wait in lieu of the current fiscal situation. He said the parking structure, currently closed, could reopen in the interim.

"No one wants to have a big hiatus between the time we complete demolition and the time we start excavation," said Witte.

Plans for the approximately $1 billion first phase of the Frank Gehry-designed project, officially dubbed The Grand, call for a 48-story Mandarin Oriental Hotel & Residences with 295 rooms and 262 condominiums, a 19-story residential tower with 126 market-rate apartments and 98 affordable units, retail, a nightclub and a 16-acre Civic Park.

Construction on the park, Witte said, will proceed as scheduled, with groundbreaking slated for next spring and completion in 2011. The budget for its "base" design is $56 million, though additional amenities will cost more, officials have said.

Witte said that in June, Related will go before the Grand Avenue Authority, which is overseeing the project, to ask for formal approval of the construction delay.
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  #8  
Old Posted Mar 6, 2008, 6:19 PM
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This is a positive step forward.
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  #9  
Old Posted Mar 10, 2008, 3:54 AM
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^

It appears so:

"Related will assume responsibility for the balance and may bring in another partner."
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  #10  
Old Posted Mar 18, 2008, 3:07 PM
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I'm glad; looks like we MIGHT break ground on schedule this time.
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  #11  
Old Posted Apr 25, 2008, 11:01 AM
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Kathleen McMullin asks a question about the park model.

Presented Park Plan a Start, but Illustrates the Need for a Cohesive Transit System

By Eric Richardson
April 22, 2008

County Supervisor Gloria Molina welcomed the crowd gathered to hear of plans for a redone Civic Center park with a warning: dreaming is nice, but at the end of the day something's got to be built with the money the project has in hand.

Her remarks set the tone for a meeting that lacked grand reveals, and instead talked of building a basic foundation onto which pieces could be added as additional funds were raised. Given the lack of architectural fireworks, programming that included large events was given a prominent placement.

Though neither were addressed, the presentation's focus on crowds illustrated how vital both the streetcar and Regional Connector will be to the park's success.

The Civic Center park sits tucked away between government buildings, running from the Music Center on the west to City Hall on the east. With the 101 freeway a significant barrier to its north, the park isn't naturally at the center of anything. While the Grand Avenue Project will bring residential development a block away, the bulk of Downtown's residents aren't within an easy walk of the park site.

Those who want to come to the park to read a book, eat at the cafe or throw around a frisbee will have to find their way to the site. The proposed streetcar system, in its role as a "walk extender," offers the best potential to make the park somewhere that residents will visit. Without it, the space's location quickly becomes a deterrent to casual use.

Large events will draw a crowd from beyond Downtown and bring their own set of challenges. The park flows down from the Music Center to City Hall with an emphasis on open views, creating an ideal space for concerts and rallies. In the process, though, the site crosses three major north-south streets: Spring, Broadway and Hill. All three are heavily used by bus lines.

A major event that extended through the park and led to the three streets' closure would currently cause a major disruption in transit traffic that travels through Downtown. A below-grade Regional Connector, as a second grade separated trunk line through Downtown, offers the ability for transit lines to run to the edges of the Central City.

Passengers headed across town would be able to transfer to the rail, sail under the disruption above, and reboard their bus on the other side. Alternatively, routes could simply bypass around Downtown, offering a connection to the rail system as a way to let those traveling into the core reach their destination.

All this, though, will take some time. Plans for the park have much to be finalized, and construction is tentatively scheduled for a Spring / Summer 2009 start and a mid-2011 conclusion.


At Hill street the plan would leave current parking ramps intact, simply putting some green over top of them. Pedestrians would have to travel around the ramps, as they do today, disrupting a continuous flow down the middle of the site.


The enhanced park plan would re-activate the old State Building footprint, already once a park. The basic plan would leave it in its current state.

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Source: Blogdowntown
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  #12  
Old Posted Apr 25, 2008, 11:02 AM
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Some more photos of the park model...


From Flickr, by alossix


From Flickr, by alossix


From Flickr, by alossix


From Flickr, by alossix


From Flickr, by alossix


From Flickr, by alossix


From Flickr, by alossix


From Flickr, by alossix


From Flickr, by alossix


From Flickr, by alossix


From Flickr, by alossix


From Flickr, by alossix


From Flickr, by alossix


From Flickr, by alossix


From Flickr, by alossix


From Flickr, by alossix


From Flickr, by alossix


From Flickr, by alossix


From Flickr, by alossix


From Flickr, by alossix

And here are some photos of the Grand Avenue project model...


From Flickr, by alossix


From Flickr, by alossix
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  #13  
Old Posted Apr 25, 2008, 4:27 PM
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The tower? I love it!

The Park?
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  #14  
Old Posted Apr 26, 2008, 8:35 AM
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The tower and complex? Flawless. The park? Flawless. The city? Approaching flawless.

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Old Posted Apr 29, 2008, 5:20 PM
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It figures.
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  #16  
Old Posted Apr 29, 2008, 5:25 PM
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Yea that park could do with some tweaking
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  #17  
Old Posted Apr 29, 2008, 5:29 PM
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Originally Posted by M II A II R II K View Post
Yea that park could do with some tweaking
Seriously, though, I think its time we let this one die. Its already going to be over 2 years delayed.
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  #18  
Old Posted Apr 29, 2008, 5:35 PM
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Seriously, though, I think its time we let this one die. Its already going to be over 2 years delayed.
So is this officially on hold or cancelled or what....
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Old Posted Apr 29, 2008, 8:20 PM
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Originally Posted by M II A II R II K View Post
So is this officially on hold or cancelled or what....
I didn't say that. It's still a propasal; what i'm saying is that we need to give up on our hopes that this project will move forward before the real estate market upswings again.

IOW, you don't need to have it moved.....for now.
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  #20  
Old Posted Apr 29, 2008, 7:11 PM
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Originally Posted by JDRCRASH View Post
Seriously, though, I think its time we let this one die. Its already going to be over 2 years delayed.
That's the dumbest thing ever.
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