Wilshire Grand Redevelopment
Tom Walsh
Richard Slawson
Councilwoman Jan Perry
With the Wilshire Grand Staff
James A. Thomas
Yesterday, Hanjin International Corporation and Korean Air, working with developer Thomas Properties Group, announced the redevelopment of the Wilshire Grand Hotel and Centre at a press conference.
This project will transform a full city block at the corner of Wilshire Blvd. and Figueroa Street in downtown Los Angeles by replacing the existing, aging Wilshire Grand Hotel and office building with a new mixed-use development including a new four-plus star hotel, a new office building, residential, and amenities including restaurants, retail shops, and landscaped pedestrian plaza.
The good news are that this project will also create an estimated 7,000 on-site construction jobs and an additional 5,000 construction-related jobs for the city of Los Angeles.
