X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Oceanwide Plaza is aiming to be the brightest star among the development projects rising in Downtown Los Angeles. The $1 billion project is breaking barriers and setting records with features like a 850-foot LED screen, which will be the largest in the US and the third largest in the world, and a 100-foot, two-acre sky park. Oceanwide Plaza has also feature the first Park Hyatt-branded residences on the West Coast. The Park Hyatt will offer 164 luxury half-floor and duplex residences and penthouses, ranging in size from one to three bedrooms.

“Oceanwide Plaza will completely transform the downtown Los Angeles neighborhood of South Park as it is the most significant mixed-use development in the area’s history,” Thomas Feng, CEO of Oceanwide Plaza, tells GlobeSt.com. “Not only will it reshape the Los Angeles skyline with downtown Los Angeles’ tallest residential building, Oceanwide Plaza will also infuse renewed energy to the city’s sports and entertainment district with 504 residences, 184 hotel rooms and a 153,000 square foot of leasable space including open air galleria featuring a collection of curated retail and restaurants. Future downtown Los Angeles residents will be able to take full advantage of everything at their fingertips, while finding a place above it all where they can escape. Oceanwide Plaza will also have a significant impact on economic growth for the city of Los Angeles with the creation of approximately 9,000 jobs over from start to completion.”

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.