Los Angeles

DT News: Korean Air Plans $1B Downtown Project

Plan Calls for Razing Wilshire Grand Hotel, Building 40- and 60-Story Towers

DOWNTOWN LOS ANGELES — The Wilshire Grand, which for 57 years has stood at the corner of Seventh and Figueroa streets, will be torn down and replaced with a $1 billion luxury hotel, office and residential complex, officials with property owner Korean Air announced Thursday.

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