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Developer of Stalled LA Tower Expects To Report Loss

China Oceanwide Saw Revenue Fall 75% In 2022

China Oceanwide is the developer of Oceanwide Plaza, a three-tower, mixed-use development in downtown Los Angeles at 1100-1198 S. Flower St. Construction stopped on the project in October 2020 after the developer ran out of cash. (CoStar)
China Oceanwide is the developer of Oceanwide Plaza, a three-tower, mixed-use development in downtown Los Angeles at 1100-1198 S. Flower St. Construction stopped on the project in October 2020 after the developer ran out of cash. (CoStar)

The developer of a stalled mixed-use project in downtown Los Angeles expects to report more financial pain in 2022.

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