The last of the “tinker toy” parking structure on Bunker Hill is gone, and now developer Related Cos. is ready to officially start work on the massive mixed-use development The Grand.
A ceremony to celebrate the groundbreaking of the $1 billion development being designed by Frank Gehry is scheduled for Monday, Feb. 11, at 10:30 a.m. Through traffic on Grand Avenue, in-between First and Second streets will be restricted during the event.
Located at the southwest corner of Grand Avenue and First Street, the project on city- and county-owned land was originally awarded to Related 15 years ago. The developer prepared a $2 billion proposal, but it was killed by the onset of the recession. Related later revived the project with new designs.
The Grand will include a 39-story tower with 436 residential units (20% set aside as affordable housing), and a 20-story building with a 314-room Equinox Hotel. There will also be a movie theater and 200,000 square feet of retail space. The project is expected to open in 2022.