Oceanwide Plaza

OCEANWIDE PLAZA

1112 South Figueroa Street, Los Angeles CA

OFFERING SUMMARY

Oceanwide Plaza, an ambitious mixed-use, residential and retail complex in downtown Los Angeles, presents a significant investment opportunity to developers.

Situated across from landmark locations such as the Crypto.com Arena and the Los Angeles Convention Center, the project was initiated in 2015 but encountered setbacks, including construction halts in 2019 amid financial and geopolitical tensions.

Approximately $1.1 billion has been invested in the project thus far and an additional +/-$800 million is estimated to be needed for completion. Once complete Oceanwide Plaza will be comprised of three towers designed to house a Park Hyatt hotel, serviced residences, and luxury condominiums, multifamily towers, enhanced by expansive retail space, private parks and +/-57,000sf of LED signage.

BID INFORMATION

The property will be sold subject to the bid procedures to be approved by the United States Bankruptcy Court. Upon the Court’s approval, we will distribute those procedures to interested parties.

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PROPERTY HIGHLIGHTS

Ideal downtown Los Angeles location, across from the L.A. Convention Center, Crypto.com Arena and L.A. Live!
183-Room Park Hyatt Hotel
164 Park Hyatt Serviced Condos
504 Multifamily Apartments
161,348sf of Upmarket Retail
1,412 Parking Stalls
+/- 57,000sf of LED Signage Stretching from 11th St to 12th St
+/- $1.1 Billion of construction completed
Estimated $800 million cost to complete