Grand Avenue Project Stalled
Earlier this week, I posted about how Related Companies’ Stephen Ross was taking advantage of the current economic conditions by making bold decisions and taking action. In a contrary move, it seems as if one of Related’s decisions involves inaction. The company’s Grand Avenue project, designed by none other than noted architect Frank Gehry, has had zero movement as the company waits for the market to thaw.
Bill Witte, West Coast president of Related Companies, told Downtown News that the company “is waiting out the current recession and the frozen lending markets, and will still need an estimated $700 million construction loan. The project’s entitlements will remain in place until February 2011.”
Related will continue to pay a penalty of $250,000 per month until ground is broken.
Related Articles
Rewriting the Rules: Sedge Beswick on Risk, Motherhood, and Success
In a world that runs on conformity, Sedge Beswick has established her career through standing apart. A builder, forward-thinker, and creative strategist, Beswick has built her career by seeing new opportunities where everyone else sees risk.
MiLi Christmas Limited Edition — Christmas Gift Ideas That Shines Beyond the Holidays
Festive MiLi Christmas luggage tag with MiTag Duo—trackable, stylish, Apple & Android compatible, and useful all year round.
Top New Year’s Eve Hotel Experiences In Boston
From elegant multi-course meals to glamorous parties, here are some top New Year’s Eve hotel experiences in Boston for 2025.
Christopher King Opens Stunning Worth Ave Flagship in Palm Beach
Christopher King opens a Palm Beach flagship on Worth Avenue, showcasing Italian craftsmanship, vertical luxury, and timeless design.
Daniel’s Brings an Elevated Steakhouse Pop-Up to Palm Tree Club Miami’s Waterfront Scene
Daniel’s launches its first steakhouse pop-up at Palm Tree Club Miami, bringing award-winning cuisine to the waterfront weekdays.
The Art of Adornment How Gucci Interprets Heritage in High Jewelry
Haute Living exclusive Gucci High Jewelry editorial spotlighting the Labirinti, Horsebit, Marina Chain, and Monili collections.
Latest Stories
Trending Articles
Related Articles
Rewriting the Rules: Sedge Beswick on Risk, Motherhood, and Success
In a world that runs on conformity, Sedge Beswick has established her career through standing apart. A builder, forward-thinker, and creative strategist, Beswick has built her career by seeing new opportunities where everyone else sees risk.
MiLi Christmas Limited Edition — Christmas Gift Ideas That Shines Beyond the Holidays
Festive MiLi Christmas luggage tag with MiTag Duo—trackable, stylish, Apple & Android compatible, and useful all year round.
Top New Year’s Eve Hotel Experiences In Boston
From elegant multi-course meals to glamorous parties, here are some top New Year’s Eve hotel experiences in Boston for 2025.
Christopher King Opens Stunning Worth Ave Flagship in Palm Beach
Christopher King opens a Palm Beach flagship on Worth Avenue, showcasing Italian craftsmanship, vertical luxury, and timeless design.
Daniel’s Brings an Elevated Steakhouse Pop-Up to Palm Tree Club Miami’s Waterfront Scene
Daniel’s launches its first steakhouse pop-up at Palm Tree Club Miami, bringing award-winning cuisine to the waterfront weekdays.
The Art of Adornment How Gucci Interprets Heritage in High Jewelry
Haute Living exclusive Gucci High Jewelry editorial spotlighting the Labirinti, Horsebit, Marina Chain, and Monili collections.
Subscribe to Haute Living
Receive Our Magazine Directly at Your Doorstep
Embark on a journey of luxury and elegance with Haute Living magazine. Subscribe now and have every issue conveniently delivered to your home. Experience the pinnacle of lifestyle, culture, and sophistication through our pages.
Haute Black Membership
Your Gateway to Extraordinary Experiences
Join Haute Black and unlock access to the world's most prestigious luxury events