DOWNTOWN LOS ANGELES - Interior demolition, the first step in Korean Air’s plan to raze the aged Wilshire Grand Hotel and build a $1 billion tower in its place, is under way. A groundbreaking on the new 70-story tower with 900 hotel rooms and 400,000 square feet of office space is slated for 2013. High-speed elevators will ferry hotel visitors to a top-floor “lobby in the sky.” Martin Project Management, a new venture by architect Chris Martin (whose firm AC Martin is handling the project designs), has been appointed to manage the development on the northwest corner of Seventh and Figueroa streets. Original plans had called for building two towers in two phases. Seoul-based Korean Air is a subsidiary of the shipping magnate Hanjin. A hotel operator has not yet been selected.
© Los Angeles Downtown News 2012