Oceanwide Plaza , the first North American development by prominent international developer Oceanwide Holdings , is set to become one of the most significant mixed-use developments in the history of downtown Los Angeles .
Oceanwide Plaza will encompass a variety of lifestyle offerings including a new five-star Park Hyatt hotel , a collection of curated retailers and restaurants and a refined residential offering bringing a new level of sophistication to L . A .’ s sports and entertainment district .
Located directly adjacent to the Staples Center and L . A . Live , Oceanwide Plaza will comprise three residential and hotel towers along with a seven-story lifestyle podium anchored by an approximately 166,000-square-foot open-air galleria creating a vibrant new shopping , dining and entertainment destination .
Nearly 700 feet of ribbon-shaped LED signage along Figueroa Street will wrap the generous lifestyle center as the character-defining hallmark of Oceanwide Plaza , greeting local guests and travelers from all over the world .
“ As a leader in large-scale real estate development throughout the world , we ’ re honored to introduce Oceanwide Holding ’ s first venture in the United States , a mixed-use project that will magnificently reshape Downtown Los Angeles ,” said Thomas Feng , CEO of Oceanwide Plaza LLC . “ By staying true to our core value of creating new urban life , Oceanwide Plaza will deliver unprecedented inspiration and a distinct lifestyle that is both urban in design and serene in experience . As part of this mission , we ’ re delighted to unveil Park Hyatt Los Angeles hotel as the first in what will be a series of marquee partnerships for Oceanwide Plaza that will further define L . A . as a premier destination for all who seek a transformative new entertainment experience .”
Park Hyatt Los Angeles will be the sixth U . S . location for the luxury global hotel brand . The 184-room hotel , including 34 suites , will feature a sophisticated character courtesy of acclaimed international design firm Studio Munge . The Park Hyatt brand ’ s signature approach to service and masterful attention to detail , along with its strategically chosen location within Oceanwide Plaza will offer a personalized experience yet to be seen in Los Angeles .