No ‘mothballing’ on $3-billion Grand project

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News item: ‘Preliminary construction’ -- not to be confused with the official groundbreaking -- has begun on the $3 billion, mixed-use project in downtown L.A. known as ‘The Grand.’

By my math, it is actually 3 million grands, but never mind.

Designed by architect Frank Gehry, Phase I includes a 48-story Mandarin Oriental Hotel & Residences, a 250,000-square-foot retail pavilion, a 19-story residential tower, and a 16-acre civic park.

It’s true, I mainly just wanted to run the photo.

Your thoughts? How much new residential construction is too much downtown?
Photo Credit: MWW Group