Oceanwide Plaza – now under construction in Downtown Los Angeles
"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]