Related Companies celebrates the completion of the first of two mat foundation pours at The Grand, downtown Los Angeles’ newest dynamic and diverse destination for shopping, dining, living and entertainment. For 15 continuous hours this weekend, approximately 140 workers and 1,348 trucks poured 13,478 cubic yards of concrete into the foundation of The Grand’s residential tower. Upon completion, the 39-story residential tower will house more than 400 residences, 20 percent of which will be affordable. The Grand is expected to open in 2021.
“The mat foundation pour is an incredibly important construction milestone as it marks the beginning of the vertical construction,” said Rick Vogel, project lead and senior vice president at Related Urban, the mixed-use arm of Related Companies. “We are honored to have celebrated the momentous event alongside The Grand’s workforce on Friday, as this is a project with an important purpose—it will further connect Grand Avenue, offer an array of unique experiences to visitors and truly enhance the current downtown Los Angeles landscape.”
“A successful mat foundation pour of this kind—large and highly complex—requires a successful partnership with labor,” said Ron Miller, executive secretary of the Los Angeles/Orange Counties Building & Construction Trades Council. “Related has clearly prioritized this as they move forward with the construction of The Grand. I look forward to seeing all that the project brings to downtown Los Angeles.”
The completion of the foundation pour signals significant progress as The Grand reaches another key construction milestone. This is the most recent achievement by Related in the Grand Avenue redevelopment, which included funding and completion of the widely-heralded 12-acre Grand Park (completed 2012), and the opening of The Emerson residential tower (completed 2014).
“The Grand’s foundation pour is another milestone in this project representing years of hard work that was shaped and directed by community voices," said Los Angeles County Supervisor Hilda L. Solis, who also serves as chair of the Grand Avenue Joint Powers Authority. "This project is another addition to Frank Gehry’s architectural masterpieces that is transforming the Grand Avenue corridor to be a new hub for art, music and culture for the surrounding neighborhood and LA County. I am proud that the project includes affordable housing units, welcoming and inviting green space and a project labor agreement to ensure that this development creates thousands of well-paying local jobs. I look forward to this long-awaited project to be completed.”
Designed by world-renowned architect Frank Gehry, The Grand is located in the heart of Grand Avenue’s cultural corridor and will bring a variety of economic and community benefits to downtown Los Angeles and the entire Los Angeles region. The project will create more than 10,000 new jobs and $1.3 billion in one-time total economic output for Los Angeles County. The Grand is also working with local labor advocates and human services agencies to create employment opportunities for populations that face employment barriers such as the formerly incarcerated, non-native English speakers and those without high school diplomas.
“When complete, The Grand will revitalize downtown Los Angeles’ cultural and civic core with a mix of commercial, retail and residential units,” says Jay Badame, president of AECOM’s building construction business. "Successfully delivering this mat pour brings us one step closer to bringing this visionary complex to life. We are proud to continue our work with Related on iconic projects like The Grand and Hudson Yards that are transforming neighborhoods and cultural centers.”
The Grand and its offerings embrace the local community in downtown Los Angeles as well as visitors from all around the greater Los Angeles region. Intrinsically designed to draw visitors in, The Grand will have a vibrant public plaza where community gatherings and at least six free programmed events will take place each year. The project will also be walking distance to two Metro Rail stations, the Grand Avenue Arts Station—which is set to open in 2022—and the Civic Center/Grand Park Station. Additionally, a mobility hub on-site will provide information to visitors on the available public transportation nearby. Similarly, information kiosks will be located on the project grounds to inform visitors of activities and events in the neighborhood, encouraging visitors to explore all that Grand Avenue has to offer.
For high resolution images and video of the mat foundation pour, click here.
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About The Grand: Located at the cultural epicenter of Los Angeles comprised of the Music Center (including the Walt Disney Concert Hall), The Broad museum, The Colburn School of Music and the Museum of Contemporary Art, The Grand is designed to become a 24-7 destination for shopping, dining, entertainment and hospitality, as well as a paradigm-shifting place to live. The Grand will include 176,000 square feet of retail space anchored by chef-driven restaurants and a collection of shops; a movie theater complex; an Equinox Hotel®; and more than 400 residences of which 20% will be affordable housing units. The development will also include a large, vibrant public plaza with a series of landscaped, open terraces.
The Grand Avenue Project is a visionary public-private partnership with the Los Angeles Grand Avenue Authority to revitalize downtown LA's cultural and civic core with a mix of commercial, retail, cultural and residential uses stitched together with great public spaces and world-class architecture. This multi-phased master planned development is re-envisioning and re-developing underutilized government-owned parcels directly adjacent to the Civic Center and key cultural institutions.
The Grand will generate broad community benefits including an estimated 8,310 new jobs during development and 3,280 annual jobs during operations, much-needed affordable housing and $1.3 billion in one-time total economic output for Los Angeles County. The dynamic development will attract thousands of visitors from across the nation and around the world, along with downtown residents and visitors from other communities throughout the region.
The Grand is being developed by Related Companies in partnership with CORE USA, a joint venture of China Harbour Engineering Company and CCCG Overseas Real Estate (CORE).
About Related: Related Companies is a global lifestyle company defined by innovation and the most prominent privately-owned real estate firm in the United States. Formed over 40 years ago, Related is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Washington, D.C., Abu Dhabi and London, and boasts a team of approximately 4,000 professionals. With over $50 billion in assets owned or under development including the 28-acre Hudson Yards neighborhood development on Manhattan’s West Side, Related was recently named to Fast Company Magazine’s list of the 50 Most Innovative Companies in the World. For more information about Related, please visit www.related.com.
About CORE USA: CORE USA is a joint venture of China Harbour Engineering Company and CCCG Overseas Real Estate (CORE). China Harbour Engineering Company Ltd. (CHEC) was established in the 1980s and became a subsidiary of China Communications Construction Company Ltd (CCCC) in 2005. Recently, CCCC named as one of the top five Global Contractors by Engineering News Record (ENR). As CCCC’s international arm, CHEC has more than 80 branches and representative offices located in 98 countries with more than 15,000 personnel undertaking international projects valued at more than USD 20 billion.
CCCG Overseas Real Estate Pte. Ltd. (CORE), founded in Singapore in 2015, is a subsidiary of China Communications Construction Group Ltd. (CCCG). CCCG is a leading integrated global infrastructure service provider with a business presence in more than 150 countries, ranking 91st on the 2018 Fortune Global 500 list. CCCG has developed more than 300 million square feet of real estate assets valued at more than USD 28 billion.
Related Companies: (212) 801-1109 communications@related.com
