Just Another Day In SouthLA
Wilshire Grand Hotel will be closing its doors officially on December 31, 2011 to make way for $1.1 billion, two-tower hotel, condominium and office project. Earlier this year, hotel owner Korean Air and its development partner, Downtown-based Thomas Properties Group, secured the approvals for the new project. Officials expect to begin tearing down the 59-year-old structure early next year. The first element to rise will be a 45-story tower holding 650 hotel rooms, with some condominiums on the upper floors. It is slated to open in 2015. A second 65-floor office tower will follow whenever the office market improves.