Related Cos. JV breaks ground on $1b L.A. mixed-use project

Construction on The Grand, a $1 billion mixed-use project developed by Related Cos. and CORE USA, has begun.

It is located near The Broad museum and Walt Disney Concert Hall.

The Grand will include more than 176,000 square feet of retail space to be anchored by restaurants and shops; a movie theater complex; a 20-story, 309-key Equinox Hotel with 12,000 square feet of event space and 27,000 square feet of restaurants, lounges and outdoor amenities; and a large public plaza with a series of landscaped open terraces. The residential component will have 400 luxury apartments in a 39-story tower with 20 percent of the project’s residences set aside as affordable units.

The Grand is part of the overall Grand Avenue Redevelopment, a public-private partnership guided by the Los Angeles Grand Avenue Authority, a joint powers authority comprising the City of Los Angeles, County of Los Angeles and the former Community Redevelopment Agency of the City of Los Angel