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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.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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