Related California started construction on a $120 million, 19-story apartment building at 225 N. Grand Avenue between 2nd and 3rd Streets, the first residential phase of its Grand Avenue Project. With 271 residences, including 20 percent affordable apartments, the building will bring the first apartments to Bunker Hill in downtown Los Angeles in more than a decade and add 500+ new residents. The project will create 417 construction jobs over the next two years.
Located next door to The Broad, the new contemporary art museum now under construction and set to open in 2014, the apartment tower will front on Grand Avenue in the heart of downtown’s cultural core. It is within walking distance of the Walt Disney Concert Hall, the Music Center, MOCA and the Colburn School’s Zipper Hall as well as Grand Park, the new park between Grand Avenue and City Hall financed by a $50 million contribution from Related.
Mayor Antonio Villaraigosa, City Council Members Jan Perry and Jose Huizar, and Supervisor Molina joined Related California President and CEO Bill Witte at the official groundbreaking ceremony. The building is expected to be completed in the fourth quarter of 2014.
Pictures of yesterday's ceremony:
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| Mayor Antonio Villaraigosa |
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| Council Member Jan Perry |
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| Related California President and CEO Bill Witte, City Council Member Jan Perry, Mayor Antonio Villaraigosa, and Jose Huizar |
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| Supervisor Molina, Mayor Antonio Villaraigosa, and Jan Perry |
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| Related California President and CEO Bill Witte, Mayor Antonio Villaraigosa and Eli Broad |
