Can Developer Transform La's Grand Avenue?
Two years ago, developer Related Cos. opened the 55-story mega-complex known as Time Warner Center in New York and, largely as a result, Columbus Circle has been transformed. The "mini-city" boasts some of New York's best restaurants, as well as luxury condos, a five-star hotel, a Whole Foods Market and, soon, a museum. Related is now preparing to break ground on another mega-complex: the $1.8-billion, Frank Gehry-designed Grand Avenue project in downtown Los Angeles. When people ask what Grand Avenue will look and feel like, the developers at Related often point to Columbus Circle.