Oceanwide Plaza in Los Angeles
Under Construction

Oceanwide Plaza

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The story so far

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.

Expected opening 2029 est.
Under construction
Council weighs hotel incentive Aug 11, 2026

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.com
Court clears sale to KPC Square Jul 20, 2026

U.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.com
Sale approved Jul 2026

Bankruptcy court cleared the roughly $470 million sale to a KPC Development and Lendlease venture, and graffiti removal and site cleanup began.

spectrumlocalnews.com
Graffiti cleanup begins Jul 2026

KPC 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.com
Buyer chosen Feb 2026

KPC Square, a joint venture of The KPC Group and Lendlease, agreed to buy the stalled towers out of bankruptcy for about $470 million.

spectrumlocalnews.com
Broke ground 2015

China Oceanwide breaks ground on $1.2B three-tower Oceanwide Plaza opposite L.A. Live; construction later halted in 2019.

cnn.com
Announced 2015 est.
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
TMW IntelligenceVerified Nov 5, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open

The outlook for Oceanwide Plaza

Timing and similar projects, read from every development in our database.

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Companies and contacts

Every firm on Oceanwide Plaza, the office nearest it, and the people who work on it.

Developer
Lendlease
Sydney, Australia office head officePhone and email
Architect
Interior design
Studio Munge
Toronto, Canada office head officePhone and email
Landscape
Contractor
Lendlease
Sydney, Australia office head officePhone and email
Common questions

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.