Plants adapt to adverse environments by integrating growth and development to environmentally activated cues. Within the adaptive signaling networks, plant hormones tightly control convergent developmental and stress adaptive processes and coordinate cellular responses to external and internal conditions. Recent studies have uncovered novel antagonizing roles of the plant hormones gibberellin (GA) and abscisic acid (ABA) in integrating growth and development in plants with environmental signaling. According to current concepts, GRAS transcription factors of the DELLA and SCARECROW-LIKE (SCL) types have a key role as major growth regulators and have pivotal functions in modulating GA signaling. Significantly, current models emphasize a function of DELLA proteins as central regulators in GA homeostasis. DELLA proteins interact with the cellular GA receptor GID1 (GA-INSENSITIVE DWARF1) and degradation of DELLAs activates the function of GA. Supplementary to the prevailing view of a pivotal role of GRAS family transcriptional factors in plant growth regulation, recent work has suggested that the DELLA and SCL proteins integrate generic GA responses into ABA-controlled abiotic stress tolerance. Here, we review and discuss how GRAS type proteins influence plant development and versatile adaptation as hubs in GA and ABA triggered signaling pathways.