AEG broke ground June 1 on a 54-story hotel/residential tower on the L.A. Live site in downtown Los Angeles.
The tower is expected to open in early 2010 and will contain The Ritz-Carlton Residences at L.A. Live, a JW Marriott and a Ritz-Carlton hotel.
The property will be the centerpiece of the 4 million-square-foot L.A. Live development, currently under construction and slated to include the 7,100-seat Nokia Theater and the Grammy Museum.
