Los Angeles, CA. Oceanwide Plaza, the first North American development by prominent international developer Oceanwide Holdings, has collaborated with the Park Hyatt brand to offer branded luxury residences as part of the most significant $1 billion mixed-use development in the history of downtown Los Angeles.
The terms of the transaction include 164 luxury residential units with sales slated to launch early 2018. The branded residences will sit atop the new five-star Park Hyatt Los Angeles, rising 53 stories high. The premium residential offering will include an array of lifestyle amenities providing various options for gatherings, entertainment, fitness and relaxation. All residents of Oceanwide Plaza will enjoy convenient access to the 184-room Park Hyatt Los Angeles, as well as The Collection at Oceanwide Plaza, a 166,000-square-foot open-air galleria of curated retail shops and restaurants that will revolutionize the urban lifestyle of downtown Los Angeles.
Nixon Peabody partners David Cheng, chair and managing partner of China and Asia Pacific Practice, and Justin Thompson, head of the Los Angeles real estate group, represented Oceanwide Plaza LLC in this transaction.