The mixed-use project will eventually include 200 luxury rental apartments, 30, 000 square feet of retail and about 330, 000 square feet of new office space.
In 2010 the family earmarked 36 acres for The Trees, a mixed-use project of office, retail and residential spaces, plus a five-star hotel, covering 2.8 million square feet.
An Art Deco cinema and shopping mall will be replaced by a modern mixed-use project, including 36 apartments designed by the British architect Richard Rogers due to be built by 2016.