(For more retail coverage, click GlobeSt.com/RETAIL and toread more on the multifamily market, click here.)
LOS ANGELES-The Mandarin Oriental Hotel Group has signed aletter of intent to manage a 275-room hotel planned by the NewYork-based Related Cos. as part of the previously announced1.2-million-sf, $1.8 billion Grand Avenue project. The hotel willoccupy the first 20 floors of a 48-story tower designed by FrankGehry that will feature luxury for-sale residences on the upperfloors.
The hotel, expected to open in summer 2010, will be a key partof Gehry's design for a Downtown neighborhood that would occupy afull city block of four acres. The neighborhood will also includeother residences, retail, restaurants and public amenities directlyacross the street from the Walt Disney Concert Hall, which Gehrydesigned.
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