What happened to Oceanwide Plaza Los Angeles?

What happened to Oceanwide Plaza Los Angeles?

Oceanwide trims back to lone US project in LA Oceanwide has officially trimmed back to one development in the U.S. — its unfinished, 2 million-square-foot Oceanwide Plaza project in Downtown Los Angeles.

What’s happening with Oceanwide Plaza?

The firm kicked off this year without its 2.4 million-square-foot Oceanwide Center development in San Francisco, faces foreclosure on its Hawaii resort developments and is in default on debt linked to its planned New York skyscraper.

Where is Oceanwide Plaza located in Los Angeles?

/  34.04250°N 118.26528°W  / 34.04250; -118.26528 /  34.04250°N 118.26528°W  / 34.04250; -118.26528 Oceanwide Plaza is an American residential and retail complex under construction composed of three towers in downtown Los Angeles, California, across the street from Staples Center and the Los Angeles Convention Center.

When will Oceanwide’s Los Angeles flagship project finish?

Oceanwide, one of the largest real estate conglomerates in China, isn’t expecting to finish its Los Angeles flagship anytime soon –– or at anywhere near the price it first put on the project. The Shenzhen-based firm said it’s estimating the currently stalled Oceanwide Plaza won’t be completed until December 2022.

Who designed Oceanwide Plaza?

Oceanwide Plaza was designed by CallisonRTKL. Tower one will feature a 184-room five star Park Hyatt hotel along with 164 Park Hyatt serviced condo residences; a live in hotel option. It will reach a total height of 675 ft, 49 floors. Towers two and three will have 504 residential condominiums.

What is the collection at Oceanwide Plaza?

A retail mall named The Collection at Oceanwide Plaza is scheduled to open on the first three floors above ground with 153,000 square feet of retail space. The mall will be open air and have deck views of L.A. Live .