It Lives!!!! (From my post on the Downtown thread)
From UrbanizeLA
Oceanwide Plaza Shows Signs of Life
https://urbanize.la/post/oceanwide-plaza-shows-signs-life
Quote:
Despite its well-documented struggles, signs or progress are now clearly visible at the beleagured Oceanwide Plaza development in Downtown Los Angeles.
The project, which spans a full city block across the street from Staples Center, consists of three towers which will contain 504 condominiums, a 184-room hotel, and a 150,000-square-foot retail podium. The CallisonRTKL-designed development will be wrapped by an LED ribbon stretching the full block of Figueroa Street between 11th and 12th Streets.
Work at Oceanwide Plaza came to an abrupt halt in January 2019, not long after the project became embroiled in an FBI corruption probe of Los Angeles city officials. This followed months of rumored cost overruns that had seen Oceanwide blow past its original $1 billion budget.
Current activities at the site are limited to its largest building, a 49-story edifice 11th and Figueroa Streets which will house a Park Hyatt hotel and branded condominiums. In recent weeks, crews have started assembling the frame of the tower's architectural crown, which will be illuminated at night. Additionally, metal structures have been installed at the building's podium to support the proposed LED screen.
A timeline for completion of the hotel tower, as well as the two condo buildings and retail podium, remains unclear.
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With that part of the crown/parapet in place, that brings the tower to its final reported height of 677'.
This thing being completed will be a game changer in South Park.