Posted Nov 7, 2018, 8:38 PM
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Join Date: Jan 2009
Location: 360, St. Edwards
Posts: 12,381
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Developers of Grand Avenue's Gehry project say work will begin this month now that financing is secured
Quote:
Since Related Cos. first got the contract in 2004 to build the massive Grand Avenue project, there’s been a housing boom and bust, a financial crisis and a new explosion of residential construction downtown.
Yet throughout that period, the $1-billion complex designed by world-renowned architect Frank Gehry has failed to materialize at its coveted site across from the Walt Disney Concert Hall.
On Monday, the New York developer took a giant step to finally kick off the project considered by many to be the last large piece of the redevelopment puzzle that is Bunker Hill.
Related said it has $630 million in construction financing from German lender Deutsche Bank in hand, and work on the project will begin this month.
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