"We've been involved with the Oceanwide Plaza project going back more than 11 years. It's good to see the project finally break ground and to see the team's vision becoming a reality," says Justin Conaway, Terra-Petra Vice President and General Manager.
DOWNTOWN'S $1B OCEANWIDE PLAZA
Patricia Kirk, Bisnow
Representing China’s Oceanwide Real Estate Group, local brokerage firm Kennedy Wilson has established a new website for Downtown LA’s $1B Oceanwide Plaza, which is under construction, and posted new renderings of the project.
Designed by the Los Angeles office of RTKL, the nearly 1.5M SF development on a 4.6-acre site at 1101 S Flower St includes three high-rise residential towers with 503 condos and 183 hotel rooms, 167k SF of retail space and 1,444 parking spaces.
Plans also call for a series of pedestrian paseos between Figueroa and Flower streets, a 37k SF open-air deck atop the retail space, and large public plaza for visitors to sit and enjoy the modern landscape, according to Urbanize LA. Additionally, a 32k SF LED ribbon, possibly the largest on the West Coast, will wrap the building's podium along Figueroa between 11th and 12th streets. [ULA]