
Oceanwide Plaza
Oceanwide Plaza is a roughly 1.5-million-square-foot mixed-use complex on the full block at 11th, Figueroa and Flower Streets in downtown Los Angeles' South Park, directly facing Crypto.com Arena, L.A, a 49-story tower with 504 residences and 184 hotel keys at 1101 South Flower Street that broke ground in 2015 and is targeting 2029.
Live and the Los Angeles Convention Center. Three glass towers rise from a block-long retail podium: the tallest reaches 49 stories and was designed to stack an 184-room luxury hotel above residential floors, while two companion towers carry the bulk of the plan's 504 condominiums. The podium holds about 150,000 square feet of shops and restaurants, a landscaped rooftop park and a block-long LED media facade aimed at the arena district. Construction by the original Chinese developer stalled with the towers structurally complete but unclad, and the empty shells became one of the city's most visible landmarks when graffiti artists tagged dozens of floors. A joint venture of KPC Group and Lendlease has since acquired the site out of bankruptcy for about $517 million and plans to invest roughly $800 million more to complete it, with the City of Los Angeles studying hotel incentives to help bring the long-dormant towers back into use.
Councilmember Ysabel Jurado's motion directs city analysts to study a hotel occupancy-tax incentive for KPC and Lendlease's planned 184-room hotel.
bisnow.comU.S. Bankruptcy Court confirmed Oceanwide Plaza's plan of liquidation, clearing a $470M+ sale to KPC Square (KPC Group and Lendlease JV) after the City and County of L.A. withdrew objections; graffiti removal under way.
globenewswire.comBankruptcy court cleared the roughly $470 million sale to a KPC Development and Lendlease venture, and graffiti removal and site cleanup began.
spectrumlocalnews.comKPC Square (KPC Group and Lendlease) started graffiti removal and blight abatement on the three towers after the court approved the sale, with about $800M budgeted to finish construction.
commercialobserver.comKPC Square, a joint venture of The KPC Group and Lendlease, agreed to buy the stalled towers out of bankruptcy for about $470 million.
spectrumlocalnews.comChina Oceanwide breaks ground on $1.2B three-tower Oceanwide Plaza opposite L.A. Live; construction later halted in 2019.
cnn.comThe outlook for Oceanwide Plaza
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Frequently asked
Where is Oceanwide Plaza located?
Oceanwide Plaza is located in Los Angeles.
When will Oceanwide Plaza be completed?
Oceanwide Plaza is under construction, with completion expected in 2029 (a TMW estimate).
Who is developing Oceanwide Plaza?
KPC Group, Lendlease is the developer behind Oceanwide Plaza.
Who designed Oceanwide Plaza?
Oceanwide Plaza was designed by CallisonRTKL, with interiors by Studio Munge.
Who is building Oceanwide Plaza?
Oceanwide Plaza is being built by Lendlease.