DOWNTOWN LOS ANGELES (CBSLA) — Architect Frank Gehry, billionaire philanthropist Eli Broad and civic leaders on Monday held a ceremonial groundbreaking for The Grand, a long-delayed massive development on Grand Avenue in downtown Los Angeles.
When it’s done, developers say The Grand will boast retail, residences and a hotel. The project will also feature public open space along Grand Avenue between First and Second streets.READ MORE: Karen Bass Officially Kicks Off Her Run For Mayor Of Los Angeles At Saturday Event
Gehry has drawn up iconic institutions in L.A. such as Walt Disney Concert Hall and The Broad museum.READ MORE: Police Investigating Shooting In South Los Angeles
“No city in the world has such great architecture within four blocks,” said Broad. “And today we’re adding the crown jewel — The Grand by Frank Gehry.”
The development is scheduled to open to the public in 2021 and is expected to generate some 10,000 new jobs.MORE NEWS: Strike Averted: IATSE And AMPTP Have 'Basic Contract' Agreement, Per Officials With The Theatrical Stage Employees Union
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