Long-awaited downtown LA project to start soon

Construction will soon begin on a long-delayed commercial, residential and entertainment project in downtown Los Angeles codeveloped by Related Companies and China-based CORE USA, a joint venture between China Harbour Engineering Co Ltd (CHEC) and CCCG Overseas Real Estate (CORE).

CHEC is a subsidiary of China Communications Construction Co Ltd and CORE is a subsidiary of China Communications Construction Group Ltd.

The massive mixed-use project, a nearly $1 billion venture designed by world-renowned architect Frank Gehry, will feature more than 16,351 square meters of retail space, a 20-story, 309-room Equinox Hotel and more than 400 luxury rentals, 20 percent of which will be affordable housing units.