Oceanwide Plaza Oceanwide Plaza is a massive mixed-use project adjacent to the Staples Center and L.A. LIVE.

LOS ANGELES—Oceanwide Plaza LLC has revealed plans for its eponymous $1 billion mixed-use project in Downtown Los Angeles. It has called the project the “most significant” development in the market. It will feature a five-star Park Hyatt hotel, curated retailers and restaurants and high-end residences. Oceanwide Plaza LLC is a subsidy of Oceanwide Holdings, a Chinese developer. This is its first US project.

“Our vision for Oceanwide Plaza is to introduce a world-class entertainment destination that is authentic and reflective of the local culture of Los Angeles that will result in a vibrant, unprecedented experience for our guests, be they a lifelong Angeleno or an international traveler,” Thomas Feng, CEO of Oceanwide Plaza LLC, tells GlobeSt.com. “That said, we are consciously building Oceanwide Plaza to be on par with the world's finest mixed-use communities. The nearly 700 feet of ribbon-shaped LED signage along Figueroa Street will wrap the generous lifestyle center as the character-defining hallmark of Oceanwide Plaza, offering a serene, nearly suburban experience in an urbanized environment.”

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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.