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Grand Avenue moves forward but still not there

December 20, 2008 |  9:23 am

There is no project in downtown L.A. more important or eagerly anticipated than Frank Gehry's Grand Avenue complex on Bunker Hill. Developers vow to build it, despite delays and the bad economy. The Downtown News reports that the project achieved a milestone this week but still lacks a key construction loan:

The developer of the $3 billion Grand Avenue project has met a key Dec. 15 deadline and has completed and submitted 80% of the project's construction documents to the city-county agency overseeing the development. The Grand Avenue Authority voted this summer to grant developer the Related Cos. a six-month groundbreaking extension for the multi-phase, mixed-use project, moving the official construction start date from June 13 to Feb. 15, 2009. As part of the deal, Related agreed to meet certain deadlines along the way, including finishing 80% of its construction documents (which include detailed design guidelines) by last Monday

Also downtown: Blog Downtown's Eric Richardson reports a lack of riders for the DASH bus service started in the eastern city center earlier this year.

-- Shelby Grad

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