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Crane Lowered at LA's Stalled Oceanwide Plaza Development

Move Signals Potential Further Delay Even As China Oceanwide Wants To Resume Construction

A section of the crane is lowered on Oct. 31 at the Oceanwide Plaza site in downtown Los Angeles. Construction on the project has been on hold for more than two years. (Jack Witthaus/CoStar)
A section of the crane is lowered on Oct. 31 at the Oceanwide Plaza site in downtown Los Angeles. Construction on the project has been on hold for more than two years. (Jack Witthaus/CoStar)

A crane is being removed at an unfinished high-rise development in downtown Los Angeles, a sign that completion of the project may face further delays after construction stalled more than two years ago.

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