Mandarin Oriental comes to Grand Ave.

The luxury hotel will occupy the first 20 floors of a 48-story tower designed by Frank Gehry (for-sale residences on the upper floors). The 275-room hotel is expected to open in Summer 2010. The announcement was made by Related, the developer overseeing the Grand Avenue project, and it's a big deal because it's one of the first concrete examples of what can be expected as part of the overhaul. Other stuff that's planned for Grand Avenue's Phase One: a 50,000-square-foot specialty food market, a major bookstore, a food hall, a 35,000-square-foot premier health club, a 25,000-square-foot event facility, signature retailers and specialty apparel shops. "We have received an enthusiastic response from a significant number of impressive retailers and restaurateurs, and are in serious discussions with many who have strong interest in locating at Grand Avenue," Kenneth A. Himmel, president and CEO, Related Urban Development, said in a release. (It's often tough to get retailers to commit to huge new developments before the thing takes shape. Of course, by then they run the risk of being shut out.) The Mandarin Oriental Hotel Group sticks to top-of-the-line developments; in the U.S., there are properties in NY (at the Time Warner Center), Miami, SF and Washington. No clue so far on whether there were other candidates. Business Wire

Edited post

More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Siri versus Hawaiian pidgin (video)
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Previous story: Crop report

Next story: What Regan left behind

New at LA Observed
On the Media Page
Go to Media

On the Politics Page
Go to Politics
Arts and culture

Sign up for daily email from LA Observed

Enter your email address:

Delivered by FeedBurner

Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
LA Observed on Twitter and Facebook