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Originally Posted by JRinSoCal
^Has this tower been approved yet? Is there a groundbreaking date set?
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I'm glad SSPers are posting new info about various projs. But right now it's becoming more & more dicey whether any new devlpt should be taken seriously til its 100% under construction.
Of all the major new projs that I thought was the most likely to go forward around now, the Grand Ave devlpt, even that one now is starting to look suspicious.
So in today's climate, getting excited about proposed highrises, or any devlpt in general, is like sending a kid into a candy store & telling him he can't buy anything or that the store is all out of stock.
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Frank Gehry was one of four panelists Saturday afternoon for the symposium held as part of the LA Phil's Concrete Frequency series. Gehry, after all, designed the building that the Phil calls home and is the lead architect for the Grand Avenue Project, slated to rise on two sides of the concert hall.
The star architect was openly skeptical of the project's timeline and critical of its developer, Related Companies. He told the assembled crowd that he expects the financing market to create a major project hurdle. "Money is not available and the developer is in denial," Gehry said.
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One Grand Plan: Okay, so Related Cos. $3 billion Grand Avenue project has been talked about for years, and work actually started late in 2007. But all signs indicate that 2008 is the year the Bunker Hill effort will really burst on the scene. A formal groundbreaking is expected by March, though no date has been set, and the fall is slated to hold a groundbreaking for the project's 16-acre civic park.
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