Oceanwide Real Estate Group, the Chinese developer behind the project, is well into the construction process for three high-rise towers on the city block bounded by 11th, 12th, Figueroa and Flower Streets. When completed in 2019, the sprawling 4.6-acre site will yield 504 condominiums, 184 hotel rooms and more than 150,000 square feet of commercial space.
Renderings of the completed product, which is designed by CallisonRTKL, portray the three towers within the context of the larger Downtown skyline. The tallest of the buildings, slated to rise 677 feet above street level, will offer two pool decks for hotel guests and residents. The smaller buildings, which take the form of twin 40-story towers, will share a park-like amenity deck a basketball court, a jogging track and shade trees.
The project is highlighted by 100-foot tall podium, which will house a galleria of of stores and restaurants. A large LED screen will wrap the structure for the full length of Figueroa between 11th and 12th Streets. A previous video tour provided a sneak peek inside the project's retail component, which has been dubbed the Collection at Oceanwide Plaza.
Oceanwide joins a handful of other Chinese developers building multi-tower complexes in Downtown Los Angeles, including Greenland USA and Shenzhen Hazens, which control the Metropolis and 1020 South Figueroa projects respectively. Both of those developments also feature hotels in combination with for-sale housing.