April 5, 2017

L.A.'s Oceanwide Plaza Residences

New Downtown Development Features Exclusive Sky Park

Five-hundred new condos are set to transform Los Angeles’ revitalized downtown in 2019, offering residents exclusive access to an urban “sky park” that is unique to the city.

Currently under construction one block from the STAPLES Center and L.A. Live at 1101 S. Flower St., Oceanwide Plaza is the brainchild of company CEO and noted Chinese urban planner Thomas Feng. Besides luxury condominiums, the three-tower, mixed-use development will offer 166,000 square feet of retail and restaurant space, a Park Hyatt Hotel, and an urban park standing 100 feet above the city streets.

Feng has cited the sky park as the development’s feature that he is proudest of. The two-acre green space will offer Oceanwide Plaza residents exclusive access to amenities such as dog runs, a swimming pool, basketball courts, and running tracks.

“It’s like an oasis inside the city, and you will not see any other project Downtown with something similar,” Feng told Los Angeles real estate publication The Real Deal. “Anybody can do residential buildings and retail, but you can’t see a park anywhere else. That’s my favorite aspect of the project.”

Although the $1 billion Oceanwide Plaza is the Chinese-based developer’s first foray into the U.S. real estate market, the company is designing residential units with American homebuyers in mind. Unlike in China, bedrooms in the development will be situated on opposite sides, reflecting the need for greater privacy.

The Mark Company is exclusively representing Oceanwide Plaza’s residential marketing and sales efforts. “We’re delighted to announce The Mark Company as a driving force on our team as we move forward to achieve our vision of L.A. and Oceanwide Plaza as the premier destination on the West Coast,” Feng said.

For more information on Oceanwide Plaza Residences, please contact Senior Project Director John Pallante at jpallante@themarkcompany.com.
About The Mark Company

The Mark Company is one of the nation’s premier urban residential marketing and sales firms. Founded by Alan Mark in 1997, The Mark Company provides a full range of core consulting services including analytics, design, marketing and sales for urban high-rises and suburban attached properties throughout the Western United States. The firm is a trusted partner to global leaders in residential development and finance, providing buyer-driven sales and marketing strategies that produce industry-leading results. The Mark Company has represented more than 10,000 residences and generated over $5 billion in sales for some of the nation’s most notable and successful developments including The Infinity in San Francisco, Evo in Los Angeles and The Martin in Las Vegas. Current projects include 181 Fremont Residences and The Austin in San Francisco and Cavalleri in Malibu. The Mark Company is a subsidiary of San Francisco-based Pacific Union International, the ninth largest residential real estate brokerage in the U.S. based on 2015 sales volume of $8.22 billion. Pacific Union merged with Los Angeles-based brokerage John Aaroe Group in December 2016. This strategic business collaboration links three of the strongest residential real estate firms on the West Coast, supporting combined 2016 production of $10.1 billion by 1,161 real estate professionals in 38 offices throughout California. The Mark Company benefits from an enriched leadership team, innovative technology and added global reach through its affiliation with Christie’s International. For more information, please visit www.themarkcompany.com.