Quote:
Originally Posted by JDRCRASH
Well, only a couple more months to go till Grand Avenue Project breaks ground guys! 
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From the Grand Avenue Committee website:
Posted July 27, 2007 APPROVAL OF PHASE I SCHEMATIC DESIGN
The Schematic Design package submitted by The Related Companies and their architect, Gehry Partners, was approved by the Los Angeles Grand Avenue Authority, the Community Redevelopment Agency, and the County Board of Supervisors in mid-June. These approvals allow the project to advance into the Design Development phase, which should be completed in the fall of 2007.
Phase I includes the development of Parcel Q, which is directly across Grand Avenue from the Walt Disney Concert Hall. The scope of development on this site includes: 500 units of housing (100 of which are affordable housing), a 275-room Mandarin Oriental Hotel, and 285,000 square feet of retail space. Over 1500 parking spaces will be located below ground. Retail uses are expected to include an urban grocery, a health club, a large book and music store, seven to eight restaurants, and other uses.
Schematic Design for the Civic Park, which is also part of Phase I, is underway and is expected to be completed in the fall of 2007. The Civic Park stretches from Grand Avenue, at the top of Bunker Hill, to Spring Street at the bottom of the Hill. The scope of work for the park includes extending the existing park area to City Hall and improving and upgrading the existing sections of park to meet a variety of needs of downtown residents, office workers, and tourists.
Posted July 27, 2007
GRAND AVENUE PROJECT APPROVALS
In a series of board meetings that stretched from November 20, 2006 through March 5, 2007, a significant set of approvals were granted to the Grand Avenue Project. The boards that took action on the project included: the Los Angeles Grand Avenue Authority, the Community Redevelopment Agency of the City of Los Angeles, the Los Angeles City Council, and the Los Angeles County Board of Supervisors.
The most significant actions taken by these boards included certification of the Final Environmental Impact Report approval of the Disposition and Development Agreement, approval of Phase 1 Ground Leases, and approval of various Conveyance and Funding Agreements. Collectively, these approvals signify the agreement of all parties on the basic business terms of the project, the scope of work, and the schedule of performance.
The Developer has agreed to start construction of Phase I by October 1, 2007. Phase I will include the development of Parcel Q and the creation of a newly extended and revitalized Civic Park. Parcel Q is the parcel of land directly across Grand Avenue from the Walt Disney Concert Hall. The estimated completion date of Phase I is August 2011, although some parts of the project may be completed and operating as early as August 2010.