Related Companies, a US-based real estate firm, has selected Aecom as construction manager for The Grand, a mixed-use development in Los Angeles, California.
The Grand is a public-private partnership guided by the Los Angeles Grand Avenue Authority and is designed to revitalise downtown Los Angeles’ cultural and civic core.
Construction on The Grand is expected to commence in late 2018.
Designed by architect Frank Gehry, the project will include a mix of retail, hotel, dining, entertainment and residential opportunities, as well as a central public plaza, above five levels of parking.
The 209,000ft2 space will include restaurants and shopping spread among landscaped open terraces, along with a movie theatre complex and a 20-storey, 314-room Equinox Hotel. The residential component will be a 436-unit, 39-storey tower.
Related has so far invested $240m in the Grand Avenue Project, including previously completed phases.
The company has funded and developed Grand Park in Downtown Los Angeles; developed The Emerson, a residential building in the Bunker Hill neighbourhood; and helped to facilitate The Broad museum.
In 2016, Related entered into a joint venture with CCCG Overseas Real Estate (CORE) for the next phase of The Grand.
Related urban senior vice-president Rick Vogel said: “Aecom is an undisputed leader in construction and has the know-how to bring Frank Gehry’s incredible design to life.
“They have a deep understanding of Los Angeles and an experienced local team which makes them an ideal fit for this compelling project.”
Aecom chairman and CEO Michael Burke said: “Related is dedicated to achieving the highest standards of design and development, and it is an honour to extend our longstanding relationship with them into our hometown of Los Angeles.
“We are proud to leverage our leading construction expertise on this prestigious project with world-class partners that contribute to the continued redevelopment and renaissance of downtown Los Angeles.”