New Buildings in Los Angles, Toronto and Dubai
The One in Toronto will be one of the country’s first supertall skyscrapers, while the north tower at Oceanwide Plaza will soon rise above downtown L.A. And in Dubai, Bluewaters is setting records with Ain Dubai, the world’s largest observation wheel, which will be part of the island development.
Oceanwide Plaza is poised to change the landscape of downtown Los Angeles. The US$1 billion development is China-based Oceanwide Holdings’ first foray into North America and will be in the heart of L.A.’s major sports-and-entertainment district, according to Thomas Feng, the CEO of Oceanwide Plaza.
The 504-unit complex is made up of three towers, including the 53-story north tower, where it’s possible to own a home at the highest elevation in Southern California, the developer says. The Los Angeles property will feature 164 Park Hyatt Residences, plus 184 hotel rooms.
"Own a home at the highest elevation in Southern California" Park Hyatt Residences will include one- to three-bedroom apartments, as well as penthouses—half-floor homes and duplexes ranging from 5,700 to 8,800 square feet—starting on the 50th floor. Two south towers will offer another 340 homes, dubbed the Residences at Oceanwide Plaza. There, current and future Angelenos can find one- to three-bedroom apartments starting at 900 square feet and penthouses starting at 2,800 square feet. Alessandro Munge of Studio Munge and CallisonRTKL were the architects.
A 700-foot LED screen surrounds the base of the development, which includes 166,000 square feet of shopping and retail at the Collection at Oceanwide Plaza. Other amenities include white-glove service from the Park Hyatt, a 24-hour concierge, a full floor of fitness and entertainment options, and plenty of outdoor space, including a two-acre sky park curated by celebrity fitness trainer Harley Pasternak, Mr. Feng says.
The project is set to be completed in 2019, with sales starting in September 2018. Prices are not yet available.