The China-based developer of the stalled Oceanwide Center, a proposed 2 million-square-foot tower in the heart of San Francisco, said it has lost control of the site to creditors after missing $321.5 million in payments on the project.
Creditors Seize High-Profile Site of Stalled San Francisco Tower Project, China-Based Developer Says
Oceanwide Holdings Reports Prompt Takeover of Property Used as Collateral
By Katie Burke
CoStar News
November 2, 2021 | 2:20 AM
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IN THIS ARTICLE
- Properties
- First Street Tower
50 1st St, San Francisco, CA
- Salesforce Tower
415 Mission St, San Francisco, CA
- Oceanwide Plaza
1100 Flower St, Los Angeles, CA
- Companies
- China Oceanwide USA Holdings Co. Ltd.
Management of Companies and Enterprises