Architect Frank Gehry, billionaire philanthropist Eli Broad and civic leaders have held a ceremonial groundbreaking for The Grand, a long-delayed massive development on Grand Avenue in downtown Los Angeles.
Broad told attendees Monday that the project stems from a vision of Grand Avenue becoming the arts, cultural and civic district for the region.
The mixed-use development with residential, retail, entertainment and hotel space around a public plaza will rise near the Gehry-designed Walt Disney Concert Hall, the Music Center, the Museum of Contemporary Art, The Broad Museum and The Colburn School of Music.
Advocates say it will generate 10,000 jobs.
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The project is being developed by New York City-based Related Companies and CORE USA, a joint venture of China Harbour Engineering Co. and CCCG Overseas Real Estate.