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The Real Deal Los Angeles

Oceanwide taps Mark Company to sell DTLA condos

Firm will have the listings for all 504 condo units
By Cathaleen Chen | March 30, 2017 01:34PM

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.”