The Grand Avenue Project (along with LA Live) is a project currently under development designed to revive downtown Los Angeles. The $3 billion project, which is to be built on Grand Avenue next to the Walt Disney Concert Hall, is designed to give Los Angeles a thriving city center. The location is deemed a logical place to build such a project since about 5.8 million people live within 15 miles of the Grand Avenue Project according to the Grand Avenue Committee. The project will create over 5,300 long-term jobs and will generate over $95 million annually in taxes for all levels of government, with the (Los Angeles) county receiving $2.3 million and the city receiving $5.8 million per year.

The project's key public component is a 16 acre (64,000 m²) park stretching between the development's two boundaries: City Hall and the Department of Water and Power building. The park was designed to be pedestrian friendly and will connect Bunker Hill to the Civic Center. Plans call for tree-shaded sidewalks, plenty of street lights, benches, and kiosks, to encourage the walking and exploration of the area. The new Grand Avenue will also be equipped with upscale shopping stores and high-rise condos, in addition to a shopping center, bookstore, multiplex movie theater and a gourmet supermarket. The super-luxury Mandarin Oriental Los Angeles is scheduled to open in a Gehry-designed high-rise tower as part of the project. The project will also include a park that is to be built between city hall and the DWP building. This area is already a public space with plazas, a Court of Flags, and a park-like area with a large fountain where many county workers take their lunch under trees.