RendervsReality

Archive Los Angeles, CA

Stalled

Oceanwide Plaza

1101 South Flower Street, Los Angeles, CA 90015 approximate location

Oceanwide Plaza's renderings showed a completed hotel, residential towers and retail podium. Work stopped in January 2019 with the towers unfinished. A July 2026 bankruptcy ruling cleared a path for a proposed sale, but did not by itself transfer ownership or restart construction.

What got built

Current photograph of Oceanwide Plaza in Los Angeles.
Photograph by Benoît Prieur, 2022-07-16. Source. CC0.

This photograph was verified against the project and published with recorded first-party, public-domain, or reusable-license rights. How the visual evidence works.

What changed

  • Construction began April 2018 on three towers: a 49 story, 677 foot tower planned for a Park Hyatt hotel and 164 condos, and two 40 story, 530 foot towers with 504 residential units, plus a 153,000 square foot retail mall.
  • Work stopped in January 2019 amid a construction-financing shortfall, nonpayment and liens; by March 2019, subcontractors had filed liens reported at $98.6 million.
  • The unfinished towers sat vacant and fenced off for roughly five years. Between late December 2023 and February 2024, trespassers tagged more than 27 floors with graffiti and staged base jumps from the structures; about 30 people were arrested.
  • On July 20, 2026, a bankruptcy court confirmed a liquidation plan that cleared a path for a proposed $470 million sale involving KPC Development and Lendlease. As of August 11, 2026, the audit had not verified that the transaction had closed or that construction had resumed.

Why it changed

Construction halted amid a financing shortfall, nonpayment and liens. The July 2026 court action addressed the liquidation plan and proposed sale process; it was not evidence that new ownership had taken title or restarted work.

Details

Status
Announced and rendered. No construction, no cancellation.
Where
Los Angeles, CA
Neighborhood
South Park, Downtown Los Angeles
Developer
Oceanwide Holdings (Beijing)
Architect
CallisonRTKL
Rendering credit
CallisonRTKL, for Oceanwide Holdings
The built result
Photographed by Benoît Prieur, 2022-07-16

Sources

  1. Plan-confirmation release: proposed $470 million Oceanwide Plaza sale markets.businessinsider.com
  2. L.A. Business First: Oceanwide Plaza liquidation plan and proposed sale bizjournals.com

Research checked . Status and figures are updated when a source changes.

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