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Oceanwide Weighs Taking on Partner, Sale of Stalled Billion-Dollar LA Project

China-Based Developer Said Earlier It Was Going All-In on Three-Tower Downtown Project

Construction halted in October 2020 on Oceanwide Plaza, a three-tower, mixed-use project in downtown Los Angeles. The developer is now exploring ways to jump-start building again or disposing of the project altogether. (CoStar)
Construction halted in October 2020 on Oceanwide Plaza, a three-tower, mixed-use project in downtown Los Angeles. The developer is now exploring ways to jump-start building again or disposing of the project altogether. (CoStar)

The China-based developer of a stalled three-tower project in downtown Los Angeles is examining multiple options to revive or walk away from a construction project it stopped work on more than a year ago.

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