Oceanwide taps Mark Company to sell DTLA condos

Firm will have the listings for all 504 condo units

TRD LOS ANGELES /
Mar.March 30, 2017 01:34 PM
Rendering of Oceanwide Plaza at 1101 S. Flower Street and Mark Company president Alan Mark

The Mark Company has been tapped to list and sell the entirety of the 504-unit Oceanwide Plaza condo complex, the marketing firm announced Thursday.

Expected to open in 2019, the Oceanwide Plaza development will have three mixed-use towers containing condo units, a 184-key Park Hyatt hotel and 166,000 square feet of retail.

The Mark Company, a subsidiary of Pacific Union International, is also selling units in the Cavalleri development in Malibu’s Point Dume.

Developed by Beijing firm Oceanwide Holdings Company, the project across the street from the Staples Center is led by Thomas Feng, who tapped Kennedy Wilson last year to lease its retail component..

“Oceanwide Plaza is the first [North American] project for Oceanwide Holdings, so it needs to be successful and it needs to set the bar,” Feng told The Real Deal. “The first step we took was partnering with local experts that really know the market. We didn’t come here thinking we knew it all.”


Related Articles

arrow_forward_ios
Donald Trump, Xi Jinping and (center) Oceanwide CEO Thomas Feng pictured with a photo of Oceanwide Plaza under construction and a rendering of the project (Credit: Getty Images, Google Maps)

Glass, steel and uncertainty: Stalled Oceanwide Plaza megaproject faces mounting challenges

From left: Saeed Nourmand, Michael Nourmand, Grant King and Richard Heyman

Relevant Group sues Nourmand & Associates’ founder, alleging extortion over hotel projects

Centennial founder and CEO Steven Levin with a rendering of the project

Centennial Real Estate approved for sprawling $300M mixed-use village

Apartment complex at 1435 Stanley Avenue and Raintree Partners CEO Jeffrey Allen (Credit: Apartment Finder)

Raintree Partners spends $79M on Glendale multifamily portfolio

LA Mayor Eric Garcetti

Down goes Measure EE: Property tax referendum routed at polls

CIM Group Founders, Shaul Kuba, Richard Ressler, and Avi Shemesh and 4750 Wilshire Boulevard (Credit: Google Maps)

CIM Group lists part of its Miracle Mile office campus

Arman Gabay and The Springs shopping center in Palm Springs, part of the 14-property portfolio

Charles Co. secures $215M refi for retail portfolio

Joon Choi, principal at Harbor Associates, and 2400 Conejo Spectrum Street (Credit: Google Maps)

Harbor Associates leases up then sells off its Thousand Oaks office park

arrow_forward_ios