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Oceanwide Plaza
Los Angeles Summary

Oceanwide Plaza is a prominent yet unfinished mixed-use development situated in downtown Los Angeles, directly across from the Crypto.com Arena and the Staples Convention Center. Envisioned as a transformative project for the South Park neighborhood, it was designed to encompass three high-rise towers atop a substantial retail podium. The development was to feature a five-star Park Hyatt hotel with 183 rooms and 164 branded residences, alongside 504 luxury condominiums spread across the twin 40-story towers. Amenities were to include a 166,000-square-foot open-air retail galleria, a two-acre sky park, and an 850-foot LED ribbon screen along Figueroa Street, intended as the largest in the U.S.

Billion-Dollar DTLA Project Stalled Amid Financial Turmoil

Construction commenced in 2015 but was halted in 2019 due to financial difficulties faced by the developer, Beijing-based Oceanwide Holdings. By that time, approximately $1.1 billion had been invested, with an estimated $800 million required to complete the project. The site has since become a canvas for graffiti artists and a symbol of stalled urban development, drawing significant public attention and concern over safety and urban blight.

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Plaza Revitalization Initiative Announced

Driving Innovation for a Sustainable Future Meet Angelo Rodriguez, Founder of The Manati Group

In response to the prolonged stagnation, The Manati Group has been selected to spearhead an initiative to revive and complete Oceanwide Plaza. This effort is in collaboration with The Danyel Group, Greentech Global & Portable Turbine Energy, aiming to reinvigorate the project and fulfill its original vision as a landmark destination in Los Angeles. Details regarding the specific plans and timelines for this initiative are forthcoming.

About Angelo Rodriguez:
A Brooklyn native with a relentless drive for innovation, Angelo Rodriguez leads The Manati Group with a vision rooted in sustainability, resiliency, and forward-thinking design. With decades of experience across technology, infrastructure, and energy systems, he has emerged as a driving force behind transformative projects that address some of today’s most urgent challenges across the West Coast and in Mexico. Angelo’s work reflects a deep commitment to revitalizing urban landscapes, advancing sustainable infrastructure, and driving purposeful innovation in every sector he touches. Discover his journey, the impact of his work, and the exciting future that The Manati Group is shaping in the heart of Los Angeles.

Let’s Connect Learn More About Oceanwide Plaza

For more information about the Oceanwide Plaza Project, we invite you to schedule a call with our team. Whether you're exploring investment opportunities, planning a partnership, or simply curious about what’s to come, we’re here to provide the insights you need.

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