Downtown Los Angeles is currently undergoing an extraordinary revival as new significant construction projects continue to revitalize the area. Lerch Bates has been awarded coveted contracts by architecture firm RTKL to design the vertical transportation and façade access systems (and waste management) for Oceanwide Plaza (formerly known as Fig Central). A groundbreaking ceremony for the retail, residential and hotel mixed-use project was held on March 19.
Oceanwide Plaza is a $1 billion development that will alter the Los Angeles skyline with a collection of three high-rise towers, adjacent to the Staples Center and L.A. Live. The 4.6-acre project will feature a 183-room hotel, 504 luxury condominiums, and 166,000 square feet of commercial space. The 49-story north tower will rise 677 feet and will include a five-star hotel, 164 condos, hotel ballrooms, nightclub, premium fitness center, celebrity chef restaurant and an opulent spa.
The development’s 530-feet south towers will each be 40 stories and will include 170 condominiums in each high-rise. The buildings will sit on a seven-story podium that will feature an upscale shopping center, restaurants and an elevated private park with greenery and a playground. The project is envisioned as an extension of L.A. Live and will add abundant retail to an area of the city’s downtown that is currently dominated by event venues and restaurants. Oceanwide Plaza is being developed by Oceanwide Plaza LLC, a subsidiary of Beijing-based Oceanwide Holdings Group and is located at the corner of Figueroa and 11th Street in downtown Los Angeles. RTKL designed the project and construction is underway with a completion date expected in 2018.
“Oceanwide Plaza will transform the already evolving downtown district of Los Angeles into a more dense and walkable area,” said Lerch Bates Area Vice President – West Jeff Marsh. “The sleek and contemporary towers that make up the project will be a welcomed addition to the city’s skyline. Lerch Bates is eager to begin working on this large-scale development as it will greatly advance the dynamic urbanization of the city’s downtown.”
Lerch Bates is currently working on other high profile construction projects in downtown Los Angeles including designing the modern façade access system for Wilshire Grand, a high-rise tower being developed by Korean Air Lines Co. The high-rise will be the tallest building west of Chicago when it is expected to be completed in 2017. The $1 billion 73-story glass-clad tower is currently being constructed in the city’s financial district and is just blocks from the bourgeoning entertainment district anchored by the Staples Center and L.A. Live. The tower will include a four-star hotel as well as 400,000 square feet of office, 45,100 square feet of retail space and a soaring spire that will raise the total height of the skyscraper to 1,100 square feet, rising 82 feet higher than the city’s 1,018-feet U.S. Bank Tower.