Frank Gehry has finally cut the ribbon for The Grand in downtown LA – Commercial Observer

Finally, Los Angeles’ favorite architect, Frank Gehrycut the ribbon this week to christen a massive historic development downtown called Great.

Based in New York Related companies first won a contract to build a huge project on Grand Avenue in 2004, and after several design changes, a national recession and a global pandemic, the company opened the hotel and residential towers: the Conrad Los Angeles and Gehry’s Great. The commercial side – which includes 164,000 square feet of restaurants, shops and entertainment venues – will open in spring 2023.

The $1.3 billion development at 100 Grand Avenue South faces Gehry’s famous Walt Disney Concert Hall on the other side of the street. The 45-story multi-family structure comprises 436 units, while the 28-story upscale hotel, Conrad Hotels & Resorts‘first location in California, offers 305 rooms.

According to media reports, The Grand by Gehry will include 234 units at market price, 89 subsidized below-market units for low-income tenants and 113 luxury units. This includes studios, one-, two-, and three-bedroom rental apartments, as well as 22,000 square feet of amenities, including an outdoor pool deck overlooking the Walt Disney Concert Hall and a fitness center with a yoga studio.

Hotel rates start at over $500 per night. It offers five food and beverage concepts from Chef Jose Andres and ThinkFoodGroupas well as a 7,000 square foot spa, 1,600 square foot rooftop terrace and pool, and 12,000 square feet of event and meeting space, including a 4,800 square foot ballroom.

“Guests and visitors to the Conrad Hotel can now gaze down Grand Avenue to Disney Hall and experience both buildings in the context their architect intended,” the mayor said. Eric Garcetti said in a statement. “We are eternally grateful to Frank Gehry and Eli Broad for their vision and commitment to our city.

Broad, who died in 2021, led the revitalization of Grand Avenue, including the fundraising campaign to build Disney Hall, among other local landmarks.

The development is also adjacent to MOCA, The wide museum, The Music Center and the 12 acres Big parkwhich was also developed by Stephen Ross‘ Related companies.

“There is no doubt that this project has delivered Los Angeles its newest work of art to showcase to the world as an architectural triumph as well as an affordable mixed-use complex to lead an economic resurgence in downtown Los Angeles. Angeles,” the councilman said. Kevin de Leon said.

Downtown LA is currently experiencing a residential resurgence after the pandemic, and Related Rick Vogel recently told Commercial Observer that it was part of “a demographic shift in mindset.”

“We think downtown has recovered, with the exception of office occupancy, and it’s residential growth that will be the main driver of growth,” Vogel said earlier this year. “The demand for office space will always be an important part of the economy, but people have many other reasons to come downtown. Before the pandemic, office growth was not the underlying demand driver. »

Gregory Cornfield can be reached at gcornfield@commercialobserver.com.

Rufus T. Sifford